American Century Companies Inc. lowered its stake in shares of Facebook, Inc. (NASDAQ:FB) by 5.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,848,200 shares of the social networking company’s stock after selling 581,073 shares during the period. Facebook makes up approximately 1.5% of American Century Companies Inc.’s investment portfolio, making the stock its 4th largest position. American Century Companies Inc. owned 0.34% of Facebook worth $1,486,881,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Facebook by 1.7% during the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the period. Jennison Associates LLC boosted its position in shares of Facebook by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after purchasing an additional 1,219,412 shares during the period. Legal & General Group Plc boosted its position in shares of Facebook by 6.2% during the 2nd quarter. Legal & General Group Plc now owns 10,382,771 shares of the social networking company’s stock worth $1,567,582,000 after purchasing an additional 602,162 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after buying an additional 349,182 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Facebook by 2.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,883,858 shares of the social networking company’s stock valued at $1,039,325,000 after buying an additional 162,659 shares during the period. 57.35% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $192.00 price target (up previously from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price target for the company in a research report on Monday, September 25th. Morgan Stanley reissued an “overweight” rating and issued a $195.00 price target (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Atlantic Securities set a $200.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Pivotal Research reissued a “sell” rating and issued a $140.00 price target on shares of Facebook in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $197.95.

Facebook, Inc. (NASDAQ:FB) opened at $179.00 on Friday. Facebook, Inc. has a one year low of $114.00 and a one year high of $182.90. The stock has a market cap of $521,850.00, a PE ratio of 34.31, a PEG ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 47.3% compared to the same quarter last year. research analysts expect that Facebook, Inc. will post 5.81 EPS for the current fiscal year.

In related news, insider Michael Todd Schroepfer sold 38,055 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $172.60, for a total transaction of $6,568,293.00. Following the sale, the insider now owns 533,937 shares of the company’s stock, valued at $92,157,526.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $167.02, for a total transaction of $2,672,320.00. Following the sale, the insider now directly owns 219,332 shares in the company, valued at approximately $36,632,830.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,762,164 shares of company stock worth $1,015,885,901. Company insiders own 19.08% of the company’s stock.

Facebook 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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