Facebook, Inc. (NASDAQ:FB) Shares Acquired by Regal Wealth Group Inc.

Regal Wealth Group Inc. grew its stake in Facebook, Inc. (NASDAQ:FB) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,421 shares of the social networking company’s stock after acquiring an additional 56 shares during the quarter. Regal Wealth Group Inc.’s holdings in Facebook were worth $274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its position in shares of Facebook by 13,908.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Facebook by 19,805.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock worth $226,408,000 after purchasing an additional 2,252,709 shares during the last quarter. Sanders Capital LLC increased its position in shares of Facebook by 132.5% during the 4th quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after purchasing an additional 2,031,500 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Facebook by 410.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock worth $267,809,000 after purchasing an additional 1,642,441 shares during the last quarter. Finally, Flossbach Von Storch AG increased its position in shares of Facebook by 49.5% during the 4th quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after purchasing an additional 1,370,767 shares during the last quarter. 61.84% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Raymond James raised their price objective on Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. Citigroup raised their target price on Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Cleveland Research restated a “buy” rating on shares of Facebook in a report on Monday, April 22nd. China Renaissance Securities started coverage on Facebook in a report on Wednesday, May 29th. They set a “buy” rating and a $245.00 target price for the company. Finally, KeyCorp raised their target price on Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $219.67.

In related news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $200.81, for a total transaction of $11,044,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Wehner sold 10,748 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $184.50, for a total value of $1,983,006.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 355,292 shares of company stock valued at $66,502,801. 14.53% of the stock is owned by company insiders.

FB stock traded up $1.13 during trading on Thursday, hitting $195.36. 8,278,120 shares of the company’s stock were exchanged, compared to its average volume of 15,517,565. The firm’s 50-day moving average price is $194.71. The firm has a market capitalization of $559.31 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. The firm had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. On average, equities research analysts predict that Facebook, Inc. will post 8.07 EPS for the current year.

About Facebook

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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