Massachusetts Financial Services Co. MA Raises Stock Holdings in Facebook, Inc. (NASDAQ:FB)

Massachusetts Financial Services Co. MA increased its position in Facebook, Inc. (NASDAQ:FB) by 0.2% in the third quarter, HoldingsChannel.com reports. The fund owned 8,697,358 shares of the social networking company’s stock after buying an additional 20,440 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Facebook were worth $1,548,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FB. Vanguard Group Inc. grew its position in Facebook by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock worth $34,871,738,000 after purchasing an additional 3,465,756 shares during the period. BlackRock Inc. grew its position in Facebook by 2.8% during the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock worth $29,270,846,000 after purchasing an additional 4,114,043 shares during the period. Invesco Ltd. grew its position in Facebook by 36.5% during the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after purchasing an additional 9,368,684 shares during the period. Northern Trust Corp grew its position in Facebook by 1.7% during the 2nd quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock worth $5,518,644,000 after purchasing an additional 470,411 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Facebook by 5,336.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after purchasing an additional 22,082,561 shares during the period. Institutional investors own 63.17% of the company’s stock.

FB stock traded down $1.23 during trading on Monday, hitting $189.61. The stock had a trading volume of 8,631,209 shares, compared to its average volume of 16,739,332. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The stock has a market capitalization of $554.39 billion, a P/E ratio of 25.05, a PEG ratio of 1.10 and a beta of 1.05. The company’s 50-day moving average price is $185.37 and its two-hundred day moving average price is $187.27.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The company had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the previous year, the firm posted $1.76 EPS. Facebook’s revenue was up 28.6% compared to the same quarter last year. As a group, sell-side analysts expect that Facebook, Inc. will post 8.57 EPS for the current fiscal year.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $181.62, for a total value of $9,989,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 237,823 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $182.75, for a total transaction of $43,462,153.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,555,764 shares of company stock worth $843,798,351. 14.53% of the stock is currently owned by insiders.

Several brokerages have weighed in on FB. ValuEngine downgraded Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BMO Capital Markets cut their price target on Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on Facebook from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Pivotal Research reaffirmed 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. Finally, Stifel Nicolaus restated a “hold” rating and set a $205.00 target price (up from $180.00) on shares of Facebook in a research report on Monday, October 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $228.33.

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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