Facebook Inc (FB) is KBC Group NV’s 7th Largest Position

KBC Group NV lifted its position in Facebook Inc (NASDAQ:FB) by 5.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 842,217 shares of the social networking company’s stock after acquiring an additional 44,955 shares during the quarter. Facebook comprises approximately 1.3% of KBC Group NV’s portfolio, making the stock its 7th largest holding. KBC Group NV’s holdings in Facebook were worth $143,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after buying an additional 8,788,743 shares during the period. Vanguard Group Inc. grew its position in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the period. BlackRock Inc. grew its position in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the period. Harding Loevner LP grew its position in Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after buying an additional 2,966,978 shares during the period. Finally, Magellan Asset Management Ltd grew its position in Facebook by 28.4% during the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock valued at $1,613,516,000 after buying an additional 2,361,166 shares during the period. Hedge funds and other institutional investors own 57.32% of the company’s stock.

In other Facebook news, CEO Mark Zuckerberg sold 232,138 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.08, for a total transaction of $42,499,825.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the transaction, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The disclosure for this sale can be found here. Insiders have sold 1,016,284 shares of company stock worth $182,010,071 over the last quarter. Company insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ:FB) opened at $177.36 on Tuesday. Facebook Inc has a 52-week low of $132.90 and a 52-week high of $195.32. The company has a market cap of $515,230.81, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. equities analysts expect that Facebook Inc will post 7.28 EPS for the current fiscal year.

Several equities analysts recently weighed in on FB shares. BidaskClub lowered shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Monness Crespi & Hardt upgraded shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Friday, October 27th. Wedbush set a $225.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Cantor Fitzgerald restated a “buy” rating and set a $190.00 price target on shares of Facebook in a research report on Tuesday, October 31st. Finally, Aegis increased their target price on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $214.70.

TRADEMARK VIOLATION NOTICE: “Facebook Inc (FB) is KBC Group NV’s 7th Largest Position” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/20/facebook-inc-fb-is-kbc-group-nvs-7th-largest-position.html.

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply