Aviva PLC Raises Stock Holdings in Facebook, Inc. (NASDAQ:FB)

Aviva PLC increased its position in Facebook, Inc. (NASDAQ:FB) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,173,679 shares of the social networking company’s stock after acquiring an additional 37,701 shares during the period. Facebook makes up about 1.5% of Aviva PLC’s portfolio, making the stock its 11th biggest holding. Aviva PLC’s holdings in Facebook were worth $240,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FB. KCS Wealth Advisory grew its position in shares of Facebook by 0.6% during the 4th quarter. KCS Wealth Advisory now owns 7,384 shares of the social networking company’s stock valued at $1,516,000 after acquiring an additional 46 shares during the period. Strategic Blueprint LLC grew its position in shares of Facebook by 3.8% during the 4th quarter. Strategic Blueprint LLC now owns 1,346 shares of the social networking company’s stock valued at $276,000 after acquiring an additional 49 shares during the period. Northstar Group Inc. grew its position in shares of Facebook by 0.3% during the 4th quarter. Northstar Group Inc. now owns 15,059 shares of the social networking company’s stock valued at $3,092,000 after acquiring an additional 50 shares during the period. Burke & Herbert Bank & Trust Co. grew its position in shares of Facebook by 1.5% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 3,730 shares of the social networking company’s stock valued at $766,000 after acquiring an additional 55 shares during the period. Finally, Lester Murray Antman dba SimplyRich grew its position in shares of Facebook by 1.3% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 4,424 shares of the social networking company’s stock valued at $783,000 after acquiring an additional 57 shares during the period. Institutional investors own 64.03% of the company’s stock.

A number of equities research analysts have recently commented on the company. SunTrust Banks restated a “buy” rating and set a $265.00 target price (up from $250.00) on shares of Facebook in a research report on Wednesday, January 29th. KeyCorp lowered their price objective on Facebook from $263.00 to $248.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group lowered their price objective on Facebook from $250.00 to $246.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Co set a $260.00 price objective on Facebook and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on Facebook from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $245.48.

Shares of Facebook stock opened at $214.58 on Friday. The stock has a market cap of $611.65 billion, a P/E ratio of 33.32, a P/E/G ratio of 1.30 and a beta of 1.05. The stock’s 50 day simple moving average is $214.45 and its 200-day simple moving average is $196.47. Facebook, Inc. has a 1-year low of $159.28 and a 1-year high of $224.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.40 and a quick ratio of 4.40.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.03. The business had revenue of $21.08 billion for the quarter, compared to analysts’ expectations of $20.90 billion. Facebook had a return on equity of 19.97% and a net margin of 26.15%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. As a group, research analysts expect that Facebook, Inc. will post 9.31 EPS for the current fiscal year.

In other news, VP Jennifer Newstead sold 260 shares of Facebook stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $200.01, for a total transaction of $52,002.60. Following the sale, the vice president now owns 2,866 shares of the company’s stock, valued at approximately $573,228.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Thiel sold 53,602 shares of Facebook stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $210.56, for a total transaction of $11,286,437.12. Following the sale, the director now directly owns 9,948 shares in the company, valued at approximately $2,094,650.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,235 shares of company stock worth $14,478,859. Corporate insiders own 14.53% of the company’s stock.

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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