Capital World Investors Buys A Little More Facebook Inc (FB) Stock In The Last Quarter


Facebook Inc (NASDAQ:FB).

Capital World Investors says it bought 672,742 shares in the previous quarter increasing its stake in Facebook Inc (FB) by 1.2%. Its investment stood at $9,823,403,000 an increase of $1,245,056,000 as of the end of the quarter.

Here are some institutional investors who have increased or decreased their stake in (FB). As of the end of the quarter Tiaa Cref Investment Management LLC had disposed of 102,876 shares trimming its stake by 0.6%. The value of the investment in (FB) increased from $2,429,058,000 to $2,731,482,000 a change of 12.5% quarter to quarter. As of quarter end Henderson Group Plc had bought a total of 8,496,896 shares growing its holdings by 274.1%. The value in dollars went from $440,317,000 to $1,981,271,000 a change of $1,540,954,000 for the reporting period.

As of the end of the quarter Schwab Charles Investment Management Inc had acquired a total of 281,470 shares growing its position 3.8%. The value of the company’s investment in Facebook Inc went from $1,128,745,000 to $1,325,540,000 increasing 17.4% since the last quarter.

On November 3 SunTrust Banks kept the stock rating at “Buy” with a current price target of $215.00. November 3 investment analysts at Piper Jaffray Companies held the company rating at “Buy” targeting a price of $200.00.

November 2 investment analysts at Wedbush held the stock rating at “Outperform” projecting a price of $230.00. Robert W. Baird released research on FB stating a rating of “Buy” and price target of $200.00.

Canaccord Genuity raised the price target on November 2 changing the price objective from $190.00 to $200.00 and issued a “Buy” rating. Equity analyst Jefferies Group LLC raised the price target on November 2 boosting the projection from $0.00 to $225.00 and issued a “Buy” recommendation.

The company is trading up since yesterday’s close of 177.95. The company currently has a P/E ratio of 33.42 and market cap is 522.38B. As of the latest earnings report the EPS was $5.38 with 2.38B shares currently outstanding.

Traders are a little more bullish on Facebook Inc as shown by the motion in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -5.82%. Short interest decreased from 21,805,852 to 20,536,454 over that timeframe. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares is 0.01% as of October 13.