EFG Asset Management Americas Corp. Increases Position in Facebook, Inc. (FB)

EFG Asset Management Americas Corp. boosted its position in Facebook, Inc. (NASDAQ:FB) by 61.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,518 shares of the social networking company’s stock after acquiring an additional 6,305 shares during the period. EFG Asset Management Americas Corp.’s holdings in Facebook were worth $3,210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Marble Arch Investments LP increased its position in shares of Facebook by 40.8% during the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock valued at $72,209,000 after buying an additional 130,900 shares during the period. Knott David M bought a new stake in shares of Facebook during the first quarter valued at about $3,196,000. Immersion Capital LLP bought a new stake in shares of Facebook during the first quarter valued at about $65,194,000. Natixis increased its position in shares of Facebook by 420.1% during the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock valued at $126,232,000 after buying an additional 638,106 shares during the period. Finally, City Financial Investment Co Ltd bought a new stake in shares of Facebook during the first quarter valued at about $15,979,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

In other news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $175.67, for a total transaction of $9,661,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 602,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $176.67, for a total value of $106,355,340.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,476,450 shares of company stock valued at $252,271,094. Insiders own 17.23% of the company’s stock.

FB has been the topic of several research analyst reports. Bank of America restated a “buy” rating and issued a $205.00 price objective on shares of Facebook in a research report on Tuesday, August 7th. JMP Securities decreased their price objective on shares of Facebook from $235.00 to $206.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating and issued a $195.00 price objective on shares of Facebook in a research report on Monday, September 3rd. Robert W. Baird restated a “buy” rating and issued a $195.00 price objective on shares of Facebook in a research report on Monday, September 3rd. Finally, Wells Fargo & Co restated a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research report on Thursday, August 23rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $194.54.

Shares of FB opened at $131.73 on Friday. The company has a market capitalization of $391.65 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.82 and a beta of 0.55. 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 for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $13.73 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $1.59 earnings per share. As a group, equities analysts expect that Facebook, Inc. will post 7.35 EPS for the current year.

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About Facebook

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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