Meristem LLP increased its position in shares of Facebook, Inc. (NASDAQ:FB) by 68.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,006 shares of the social networking company’s stock after buying an additional 1,621 shares during the quarter. Meristem LLP’s holdings in Facebook were worth $778,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC raised its position in Facebook by 4,170.3% in the first quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock valued at $9,071,000 after purchasing an additional 8,858,520 shares during the period. Cornerstone Wealth Management LLC raised its position in Facebook by 21,254.2% in the second quarter. Cornerstone Wealth Management LLC now owns 3,612,283 shares of the social networking company’s stock valued at $18,303,000 after purchasing an additional 3,595,367 shares during the period. Suvretta Capital Management LLC purchased a new stake in Facebook in the first quarter valued at approximately $430,727,000. DnB Asset Management AS purchased a new stake in Facebook in the second quarter valued at approximately $428,119,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in Facebook in the second quarter valued at approximately $394,967,000. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FB stock opened at $137.93 on Thursday. The firm has a market cap of $400.69 billion, a P/E ratio of 18.66, a PEG ratio of 0.87 and a beta of 0.57. Facebook, Inc. has a 12 month low of $126.85 and a 12 month high of $218.62.

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

In related news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $135.12, for a total transaction of $7,431,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan J.S. Taylor sold 2,268 shares of the business’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $135.81, for a total transaction of $308,017.08. Following the transaction, the insider now owns 2,112 shares of the company’s stock, valued at approximately $286,830.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 518,103 shares of company stock valued at $79,159,534. Insiders own 17.23% of the company’s stock.

FB has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $195.00 target price on shares of Facebook in a research report on Monday, September 3rd. Robert W. Baird reissued a “buy” rating and issued a $195.00 target price on shares of Facebook in a research report on Monday, September 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $202.00 target price on shares of Facebook in a research report on Thursday, August 23rd. Wells Fargo & Co reissued a “buy” rating and issued a $220.00 target price on shares of Facebook in a research report on Thursday, August 23rd. Finally, Barclays reissued a “buy” rating and issued a $180.00 target price on shares of Facebook in a research report on Friday, September 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus price target of $192.77.

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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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