ARK Investment Management LLC Has $20.67 Million Position in Facebook, Inc. (FB)

ARK Investment Management LLC increased its stake in Facebook, Inc. (NASDAQ:FB) by 35.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,138 shares of the social networking company’s stock after purchasing an additional 30,357 shares during the quarter. Facebook makes up 1.6% of ARK Investment Management LLC’s investment portfolio, making the stock its 21st largest holding. ARK Investment Management LLC’s holdings in Facebook were worth $20,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FB. Truepoint Inc. boosted its position in Facebook by 16,822.1% during the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after acquiring an additional 6,100,871 shares during the period. BlackRock Inc. boosted its position in Facebook by 3.6% during the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock worth $25,793,297,000 after acquiring an additional 5,107,163 shares during the period. Harding Loevner LP boosted its position in Facebook by 229.7% during the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after acquiring an additional 2,966,978 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Facebook by 35.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,524,646 shares of the social networking company’s stock worth $798,419,000 after acquiring an additional 1,175,756 shares during the period. Finally, APG Asset Management N.V. boosted its position in Facebook by 53.1% during the 4th quarter. APG Asset Management N.V. now owns 3,281,360 shares of the social networking company’s stock worth $482,203,000 after acquiring an additional 1,138,212 shares during the period. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ FB opened at $184.92 on Friday. The company has a market capitalization of $542.94 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78. Facebook, Inc. has a 12 month low of $144.56 and a 12 month high of $195.32.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.44. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $11.41 billion. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The company’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. equities analysts anticipate that Facebook, Inc. will post 7.64 earnings per share for the current year.

A number of equities research analysts have commented on the company. Royal Bank of Canada raised their price objective on Facebook to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. UBS set a $214.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer restated a “buy” rating and set a $225.00 price objective (up from $220.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $217.37.

In other news, Director Jan Koum sold 1,263,806 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $183.45, for a total transaction of $231,845,210.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $174.74, for a total value of $9,610,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,137,304 shares of company stock worth $2,146,256,181. 17.23% of the stock is currently owned by company insiders.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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