Oregon Public Employees Retirement Fund Buys 1,355 Shares of Facebook Inc (FB)

Oregon Public Employees Retirement Fund increased its stake in Facebook Inc (NASDAQ:FB) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,359 shares of the social networking company’s stock after buying an additional 1,355 shares during the period. Facebook accounts for about 0.7% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 22nd largest holding. Oregon Public Employees Retirement Fund’s holdings in Facebook were worth $42,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FB. Palisade Capital Management LLC NJ lifted its position in Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after acquiring an additional 602 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after acquiring an additional 349,182 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after acquiring an additional 907 shares in the last quarter. Birinyi Associates Inc. lifted its position in Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after acquiring an additional 11,940 shares in the last quarter. Institutional investors own 57.75% of the company’s stock.

Several research firms recently issued reports on FB. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research report on Wednesday, January 10th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $215.00 price objective (up from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Facebook in a research report on Friday, October 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective (up from $225.00) on shares of Facebook in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $203.72.

Facebook Inc (FB) opened at $178.39 on Wednesday. Facebook Inc has a twelve month low of $126.78 and a twelve month high of $188.90. The company has a market capitalization of $518,370.00, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the firm earned $1.09 EPS. Facebook’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities analysts predict that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total value of $2,803,200.00. Following the completion of the sale, the insider now owns 172,871 shares in the company, valued at approximately $30,286,999.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the sale, the insider now owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. Insiders sold a total of 4,181,449 shares of company stock valued at $752,592,962 in the last quarter. 17.23% of the stock is currently owned by company insiders.

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About Facebook

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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