Sarasin & Partners LLP Has $72 Million Position in Facebook, Inc. (FB)

Sarasin & Partners LLP lowered its position in shares of Facebook, Inc. (NASDAQ:FB) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 476,912 shares of the social networking company’s stock after selling 866 shares during the quarter. Facebook accounts for approximately 1.4% of Sarasin & Partners LLP’s investment portfolio, making the stock its 29th largest position. Sarasin & Partners LLP’s holdings in Facebook were worth $72,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Parsec Financial Management Inc. raised its stake in shares of Facebook by 17.9% in the 1st quarter. Parsec Financial Management Inc. now owns 30,598 shares of the social networking company’s stock valued at $4,346,000 after acquiring an additional 4,651 shares in the last quarter. Gamble Jones Investment Counsel bought a new position in shares of Facebook during the 1st quarter worth approximately $288,000. David R. Rahn & Associates Inc. bought a new position in Facebook in the 1st quarter valued at $1,391,000. Russell Investments Group Ltd. raised its position in Facebook by 29.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,643,713 shares of the social networking company’s stock valued at $517,583,000 after purchasing an additional 818,374 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its position in shares of Facebook by 5.2% during the first quarter. Braun Stacey Associates Inc. now owns 138,375 shares of the social networking company’s stock worth $19,656,000 after acquiring an additional 6,845 shares during the last quarter. 57.35% of the stock is owned by institutional investors and hedge funds.

In other news, insider Michael Todd Schroepfer sold 38,055 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $172.60, for a total value of $6,568,293.00. Following the completion of the transaction, the insider now owns 533,937 shares of the company’s stock, valued at $92,157,526.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 248,984 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $170.69, for a total value of $42,499,078.96. The disclosure for this sale can be found here. Insiders have sold a total of 8,093,636 shares of company stock valued at $1,405,118,200 in the last quarter. Company insiders own 19.08% of the company’s stock.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Wedbush reissued a “buy” rating on shares of Facebook in a research report on Thursday, July 27th. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Finally, Macquarie set a $175.00 price target on Facebook and gave the company a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $197.95.

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Shares of Facebook, Inc. (NASDAQ:FB) traded down $0.23 during trading on Monday, hitting $178.23. 2,951,883 shares of the stock were exchanged, compared to its average volume of 16,976,990. Facebook, Inc. has a fifty-two week low of $113.55 and a fifty-two week high of $182.90. The firm has a market cap of $519,160.00, a PE ratio of 34.38, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. sell-side analysts forecast that Facebook, Inc. will post 5.81 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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