Facebook, Inc. (NASDAQ:FB) is Redpoint Investment Management Pty Ltd’s 4th Largest Position

Redpoint Investment Management Pty Ltd reduced its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,597 shares of the social networking company’s stock after selling 18,113 shares during the period. Facebook comprises 1.7% of Redpoint Investment Management Pty Ltd’s portfolio, making the stock its 4th largest holding. Redpoint Investment Management Pty Ltd’s holdings in Facebook were worth $32,346,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FB. Oregon Public Employees Retirement Fund increased its holdings 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 valued at $540,000 after buying an additional 70,263,213 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Facebook by 19,805.8% in the second 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 period. Investec Asset Management LTD boosted its position in shares of Facebook by 5,632.6% in the second quarter. Investec Asset Management LTD now owns 2,182,413 shares of the social networking company’s stock worth $421,206,000 after purchasing an additional 2,144,343 shares during the period. Sanders Capital LLC boosted its position in shares of Facebook by 132.5% in the fourth 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 period. Finally, Jennison Associates LLC boosted its position in shares of Facebook by 12.4% in the second quarter. Jennison Associates LLC now owns 15,973,272 shares of the social networking company’s stock worth $3,082,841,000 after purchasing an additional 1,758,154 shares during the period. 62.44% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Susan J.S. Taylor sold 1,134 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the sale, the chief accounting officer now owns 1,037 shares of the company’s stock, valued at $192,311.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,337,995 shares of company stock worth $248,254,692. 14.53% of the stock is owned by insiders.

A number of equities analysts have weighed in on FB shares. MKM Partners reiterated a “buy” rating and issued a $245.00 price target (up from $190.00) on shares of Facebook in a research report on Friday, August 2nd. Canaccord Genuity upped their price target on shares of Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Mizuho upped their price target on shares of Facebook from $230.00 to $247.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Raymond James upped their price target on shares of 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. Finally, Credit Suisse Group upped their price target on shares of Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average target price of $220.92.

Facebook stock traded down $4.29 during mid-day trading on Friday, reaching $177.75. 14,354,973 shares of the company’s stock traded hands, compared to its average volume of 14,590,069. The company has a market cap of $519.35 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.06 and a beta of 0.99. The stock has a 50 day moving average of $193.38 and a two-hundred day moving average of $180.93. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for 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 revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share. As a group, sell-side analysts forecast that Facebook, Inc. will post 8.03 earnings per share for the current year.

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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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