NorthCoast Asset Management LLC acquired a new position in Facebook Inc (NASDAQ:FB) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,897 shares of the social networking company’s stock, valued at approximately $3,229,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after buying an additional 8,788,743 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares in the last quarter. Magellan Asset Management Ltd grew its stake in Facebook by 28.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock valued at $1,613,516,000 after purchasing an additional 2,361,166 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Facebook by 19.0% during the 3rd quarter. American Century Companies Inc. now owns 11,722,161 shares of the social networking company’s stock valued at $2,002,966,000 after purchasing an additional 1,873,961 shares in the last quarter. Institutional investors own 57.80% of the company’s stock.

Shares of Facebook Inc (NASDAQ FB) opened at $176.11 on Friday. The stock has a market capitalization of $498,578.56, a P/E ratio of 27.90, a P/E/G ratio of 0.90 and a beta of 0.59. Facebook Inc has a 1-year low of $132.55 and a 1-year high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. sell-side analysts anticipate that Facebook Inc will post 7.22 earnings per share for the current year.

FB has been the subject of a number of recent analyst reports. Aegis raised their price objective on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $190.00 price objective on shares of Facebook in a research note on Tuesday, October 31st. Wedbush set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Monness Crespi & Hardt upgraded Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Friday, October 27th. Finally, BidaskClub lowered Facebook from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $214.59.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total transaction of $2,874,080.00. Following the sale, the insider now owns 56,622 shares of the company’s stock, valued at approximately $10,171,009.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $177.68, for a total value of $133,260.00. Following the sale, the vice president now directly owns 87,341 shares in the company, valued at approximately $15,518,748.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,548,013 shares of company stock worth $278,500,923. Company insiders own 17.23% of the company’s stock.

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About Facebook

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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