Facebook, Inc. (FB) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in Facebook, Inc. (NASDAQ:FB) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,425,676 shares of the social networking company’s stock after purchasing an additional 75,360 shares during the quarter. Facebook comprises approximately 1.0% of Retirement Systems of Alabama’s holdings, making the stock its 11th biggest holding. Retirement Systems of Alabama’s holdings in Facebook were worth $186,892,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. United Capital Management of KS Inc. increased its stake in Facebook by 12.9% during the 4th quarter. United Capital Management of KS Inc. now owns 12,353 shares of the social networking company’s stock worth $1,619,000 after buying an additional 1,413 shares during the period. Grassi Investment Management increased its stake in Facebook by 38.0% during the 4th quarter. Grassi Investment Management now owns 9,629 shares of the social networking company’s stock worth $1,262,000 after buying an additional 2,650 shares during the period. Copper Rock Capital Partners LLC increased its stake in Facebook by 65.3% during the 4th quarter. Copper Rock Capital Partners LLC now owns 82,867 shares of the social networking company’s stock worth $11,038,000 after buying an additional 32,741 shares during the period. First National Bank Sioux Falls increased its stake in Facebook by 23.4% during the 4th quarter. First National Bank Sioux Falls now owns 1,979 shares of the social networking company’s stock worth $259,000 after buying an additional 375 shares during the period. Finally, Highwater Wealth Management LLC purchased a new stake in Facebook during the 4th quarter worth $201,000. 60.21% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Mark Zuckerberg sold 255,050 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $176.27, for a total value of $44,957,663.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $171.21, for a total transaction of $128,407.50. Following the completion of the transaction, the vice president now owns 93,930 shares of the company’s stock, valued at approximately $16,081,755.30. The disclosure for this sale can be found here. Insiders sold 1,044,485 shares of company stock valued at $179,244,277 over the last 90 days. 16.25% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. SunTrust Banks reissued a “buy” rating and set a $210.00 target price on shares of Facebook in a research note on Monday, April 1st. Morgan Stanley boosted their target price on shares of Facebook from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, UBS Group reissued a “neutral” rating and set a $170.00 target price (up from $160.00) on shares of Facebook in a research note on Thursday, January 31st. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $192.11.

FB traded up $0.55 on Monday, reaching $179.65. 10,236,439 shares of the company traded hands, compared to its average volume of 19,129,438. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $218.62. The company has a market capitalization of $520.29 billion, a PE ratio of 23.73, a PEG ratio of 1.29 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.20. The company had revenue of $16.91 billion during the quarter, compared to the consensus estimate of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. As a group, equities analysts predict that Facebook, Inc. will post 7.54 earnings per share for the current year.

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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. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

Further Reading: Outstanding Shares, Buying and Selling Stocks

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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