Pinnacle Advisory Group Inc. Takes Position in Facebook, Inc. (NASDAQ:FB)

Pinnacle Advisory Group Inc. bought a new stake in Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,105 shares of the social networking company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in Facebook by 13,908.0% during the fourth 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 period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Facebook by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,604,448 shares of the social networking company’s stock valued at $1,853,658,000 after acquiring an additional 101,003 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Facebook by 16.8% during the first quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock valued at $1,464,134,000 after acquiring an additional 1,266,152 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Facebook by 8.2% during the second quarter. Janus Henderson Group PLC now owns 8,257,177 shares of the social networking company’s stock valued at $1,593,606,000 after acquiring an additional 628,233 shares during the last quarter. Finally, Flossbach Von Storch AG increased its position in shares of Facebook by 49.5% during the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock valued at $542,663,000 after acquiring an additional 1,370,767 shares during the last quarter. Institutional investors and hedge funds own 62.44% of the company’s stock.

Facebook stock traded down $2.04 during trading hours on Friday, reaching $180.00. 3,051,648 shares of the stock were exchanged, compared to its average volume of 17,249,236. The stock has a market cap of $524.40 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66. The firm’s 50 day moving average is $193.79 and its 200 day moving average is $180.88.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. Facebook’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. Equities research analysts expect that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 122,375 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $184.73, for a total transaction of $22,606,333.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $182.63, for a total transaction of $10,044,650.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,337,995 shares of company stock worth $248,254,692. Corporate insiders own 14.53% of the company’s stock.

A number of equities research analysts have weighed in on the stock. DZ Bank upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Monness Crespi & Hardt lifted their price target on shares of Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Susquehanna Bancshares lifted their price target on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Facebook in a research report on Monday, July 22nd. Finally, Argus lifted their price target on shares of Facebook from $206.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $220.92.

Facebook 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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