Royal London Asset Management Ltd. increased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,161,368 shares of the social networking company’s stock after acquiring an additional 3,953 shares during the period. Facebook makes up approximately 2.1% of Royal London Asset Management Ltd.’s portfolio, making the stock its 4th biggest holding. Royal London Asset Management Ltd.’s holdings in Facebook were worth $224,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Viridian Ria LLC lifted its position in shares of Facebook by 1.2% during the fourth quarter. Viridian Ria LLC now owns 10,136 shares of the social networking company’s stock valued at $1,328,000 after buying an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its position in shares of Facebook by 5.8% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 2,144 shares of the social networking company’s stock valued at $281,000 after buying an additional 118 shares during the last quarter. Pioneer Trust Bank N A OR lifted its position in shares of Facebook by 7.1% during the fourth quarter. Pioneer Trust Bank N A OR now owns 15,330 shares of the social networking company’s stock valued at $2,010,000 after buying an additional 1,010 shares during the last quarter. Suffolk Capital Management LLC purchased a new stake in shares of Facebook during the fourth quarter valued at about $3,046,000. Finally, Suncoast Equity Management lifted its position in shares of Facebook by 0.4% during the fourth quarter. Suncoast Equity Management now owns 141,960 shares of the social networking company’s stock valued at $18,610,000 after buying an additional 572 shares during the last quarter. Institutional investors own 62.11% of the company’s stock.

Several analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Pivotal Research reissued a “buy” rating and set a $225.00 price target (up from $220.00) on shares of Facebook in a research report on Thursday, July 25th. MKM Partners reissued a “buy” rating and set a $245.00 price target (up from $190.00) on shares of Facebook in a research report on Friday, August 2nd. BidaskClub lowered shares of Facebook from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank increased their price target on shares of Facebook from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $220.92.

In other news, insider Susan J.S. Taylor sold 1,472 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $181.89, for a total transaction of $267,742.08. Following the sale, the insider now owns 569 shares of the company’s stock, valued at approximately $103,495.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 125,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $184.50, for a total transaction of $23,173,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 675,183 shares of company stock worth $126,091,951. 14.53% of the stock is owned by corporate insiders.

NASDAQ:FB traded down $5.30 during midday trading on Wednesday, hitting $183.15. The company’s stock had a trading volume of 3,875,888 shares, compared to its average volume of 18,096,547. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The company’s 50 day simple moving average is $195.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The company has a market capitalization of $535.93 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.10 and a beta of 0.99.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter in the prior year, the company earned $1.74 EPS. Facebook’s quarterly revenue was up 27.6% on a year-over-year basis. On average, sell-side analysts anticipate that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

About Facebook

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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