Weiss Multi Strategy Advisers LLC acquired a new position in shares of Facebook, Inc. (NASDAQ:FB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 64,202 shares of the social networking company’s stock, valued at approximately $9,120,000.

Other institutional investors have also made changes to their positions in the company. Keel Point LLC boosted its stake in shares of Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock worth $325,000 after buying an additional 34 shares during the period. Tairen Capital Ltd purchased a new stake in shares of Facebook during the first quarter worth about $13,992,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Facebook during the first quarter worth about $22,238,000. TRB Advisors LP purchased a new stake in shares of Facebook during the first quarter worth about $355,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Facebook by 40.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 106,176 shares of the social networking company’s stock worth $15,082,000 after buying an additional 30,546 shares during the period. Institutional investors own 57.60% of the company’s stock.

Facebook, Inc. (NASDAQ FB) traded up 0.41% during mid-day trading on Friday, hitting $168.08. The stock had a trading volume of 13,791,153 shares. The company’s 50 day moving average price is $161.50 and its 200 day moving average price is $147.44. The firm has a market cap of $488.14 billion, a PE ratio of 37.62 and a beta of 0.70. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Analysts anticipate that Facebook, Inc. will post $5.33 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/12/weiss-multi-strategy-advisers-llc-acquires-new-position-in-facebook-inc-fb.html.

FB has been the subject of a number of recent analyst reports. Barclays PLC reiterated a “neutral” rating on shares of Facebook in a research report on Friday, April 14th. Aegis increased their target price on shares of Facebook from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 target price on shares of Facebook in a research report on Monday, April 17th. Credit Suisse Group increased their target price on shares of Facebook from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, April 17th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $150.00 target price on shares of Facebook in a research report on Monday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $182.00.

In related news, Director Jan Koum sold 3,600,000 shares of Facebook stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total transaction of $576,216,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,221,076 shares of company stock worth $1,613,683,519. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

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