Koch Industries Inc. Invests $205,000 in Facebook Inc (FB)

Koch Industries Inc. acquired a new stake in shares of Facebook Inc (NASDAQ:FB) during the fourth quarter, Holdings Channel reports. The firm acquired 1,778 shares of the social networking company’s stock, valued at approximately $205,000.

Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. raised its position in shares of Facebook by 997.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,018,514 shares of the social networking company’s stock valued at $462,727,000 after buying an additional 3,652,302 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Facebook during the fourth quarter valued at about $328,688,000. State Street Corp raised its position in shares of Facebook by 2.8% in the fourth quarter. State Street Corp now owns 91,829,555 shares of the social networking company’s stock valued at $10,564,984,000 after buying an additional 2,523,083 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock valued at $9,456,572,000 after buying an additional 2,402,049 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Facebook by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 22,348,726 shares of the social networking company’s stock valued at $2,866,582,000 after buying an additional 1,783,974 shares in the last quarter. Institutional investors and hedge funds own 57.00% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc (NASDAQ:FB) opened at 139.94 on Tuesday. Facebook Inc has a one year low of $106.31 and a one year high of $140.34. The company has a market capitalization of $404.42 billion, a P/E ratio of 40.06 and a beta of 0.68. The firm has a 50-day moving average price of $135.30 and a 200-day moving average price of $127.29.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.10. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The firm earned $8.81 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same period in the prior year, the business earned $0.79 EPS. The company’s revenue for the quarter was up 50.8% compared to the same quarter last year. Equities analysts forecast that Facebook Inc will post $5.42 earnings per share for the current year.

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FB has been the subject of several research analyst reports. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $129.91 price objective for the company in a research report on Monday, January 2nd. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $162.00 price objective on shares of Facebook in a research report on Thursday, December 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target on shares of Facebook in a research report on Wednesday, February 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $155.00 price target on shares of Facebook in a research report on Monday, January 30th. Finally, Pivotal Research downgraded Facebook from a “buy” rating to a “hold” rating and reduced their price target for the stock from $147.00 to $135.00 in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and four have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $154.31.

In other news, COO Sheryl Sandberg sold 109,000 shares of the company’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $117.65, for a total value of $12,823,850.00. Following the completion of the transaction, the chief operating officer now directly owns 3,036,556 shares in the company, valued at approximately $357,250,813.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $118.10, for a total value of $88,575.00. Following the completion of the transaction, the vice president now owns 79,859 shares of the company’s stock, valued at $9,431,347.90. The disclosure for this sale can be found here. Insiders sold a total of 4,643,863 shares of company stock valued at $620,557,756 over the last quarter. Company insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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