Standard Life Aberdeen plc lifted its position in Facebook, Inc. (NASDAQ:FB) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,864,410 shares of the social networking company’s stock after buying an additional 188,046 shares during the quarter. Facebook makes up 1.4% of Standard Life Aberdeen plc’s investment portfolio, making the stock its 12th largest holding. Standard Life Aberdeen plc owned approximately 0.13% of Facebook worth $750,971,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. KLCM Advisors Inc. purchased a new stake in shares of Facebook in the 2nd quarter valued at $200,000. Meristem LLP grew its stake in Facebook by 68.0% during the 2nd quarter. Meristem LLP now owns 4,006 shares of the social networking company’s stock worth $778,000 after purchasing an additional 1,621 shares in the last quarter. P.R. Herzig & Co. Inc. grew its stake in Facebook by 27.9% during the 2nd quarter. P.R. Herzig & Co. Inc. now owns 6,365 shares of the social networking company’s stock worth $1,237,000 after purchasing an additional 1,390 shares in the last quarter. Golub Group LLC grew its stake in Facebook by 0.8% during the 2nd quarter. Golub Group LLC now owns 162,225 shares of the social networking company’s stock worth $31,524,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Facebook by 169.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 5,087 shares of the social networking company’s stock worth $989,000 after purchasing an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Several research analysts recently commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Monday, September 3rd. Robert W. Baird reissued a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Monday, September 3rd. Wells Fargo & Co reissued a “buy” rating and set a $220.00 target price on shares of Facebook in a research note on Thursday, August 23rd. Stifel Nicolaus reissued a “buy” rating and set a $202.00 target price on shares of Facebook in a research note on Thursday, August 23rd. Finally, Moffett Nathanson reissued a “neutral” rating and set a $175.00 target price on shares of Facebook in a research note on Tuesday, September 4th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $192.77.

NASDAQ:FB opened at $137.93 on Thursday. The stock has a market cap of $400.69 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.87 and a beta of 0.57. Facebook, Inc. has a 1 year low of $126.85 and a 1 year high of $218.62.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.30. The business had revenue of $13.73 billion during the quarter, compared to analysts’ expectations of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. Equities research analysts predict that Facebook, Inc. will post 7.36 earnings per share for the current year.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $163.25, for a total value of $122,437.50. Following the completion of the sale, the vice president now directly owns 96,144 shares of the company’s stock, valued at approximately $15,695,508. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Susan J.S. Taylor sold 2,112 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $137.50, for a total value of $290,400.00. Following the completion of the sale, the insider now directly owns 6,927 shares of the company’s stock, valued at $952,462.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 518,103 shares of company stock valued at $79,159,534. Insiders own 17.23% of the company’s stock.

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Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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