Tekne Capital Management LLC raised its stake in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 1.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 239,004 shares of the social networking company’s stock after purchasing an additional 3,683 shares during the quarter. Facebook, Inc. Common Stock accounts for about 10.2% of Tekne Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Tekne Capital Management LLC’s holdings in Facebook, Inc. Common Stock were worth $38,191,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Birch Hill Investment Advisors LLC increased its stake in Facebook, Inc. Common Stock by 46.0% in the first quarter. Birch Hill Investment Advisors LLC now owns 10,534 shares of the social networking company’s stock valued at $1,683,000 after acquiring an additional 3,321 shares during the period. Farallon Capital Management LLC increased its stake in Facebook, Inc. Common Stock by 58.9% in the first quarter. Farallon Capital Management LLC now owns 2,424,997 shares of the social networking company’s stock valued at $387,490,000 after acquiring an additional 899,094 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Facebook, Inc. Common Stock in the first quarter valued at about $1,491,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in Facebook, Inc. Common Stock during the first quarter worth about $4,016,000. Finally, GQG Partners LLC grew its stake in Facebook, Inc. Common Stock by 35.4% during the first quarter. GQG Partners LLC now owns 1,616,962 shares of the social networking company’s stock worth $258,374,000 after buying an additional 423,135 shares during the last quarter. Institutional investors own 59.41% of the company’s stock.

In related news, CFO David M. Wehner sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $199.90, for a total value of $1,999,000.00. Following the transaction, the chief financial officer now directly owns 67,279 shares in the company, valued at $13,449,072.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 440,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $186.30, for a total transaction of $81,972,000.00. The disclosure for this sale can be found here. Insiders sold 12,281,927 shares of company stock worth $2,389,438,126 over the last 90 days. 17.23% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $202.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Thursday. Zacks Investment Research cut shares of Facebook, Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. BidaskClub raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Finally, Barclays reaffirmed a “buy” rating and set a $190.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Wednesday, June 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $209.46.

Shares of FB stock opened at $174.65 on Friday. Facebook, Inc. Common Stock has a 1 year low of $149.02 and a 1 year high of $218.62. The company has a market cap of $504.42 billion, a PE ratio of 24.05, a P/E/G ratio of 1.11 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The business had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The company’s quarterly revenue was up 41.9% on a year-over-year basis. research analysts anticipate that Facebook, Inc. Common Stock will post 7.08 EPS for the current fiscal year.

Facebook, Inc. Common Stock 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, Inc. Common Stock (NASDAQ:FB)

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