First Republic Investment Management INC Increases Holding in Facebook INC (FB)

July 14, 2018 - By Kristen Paramore

Facebook, Inc. (NASDAQ:FB) LogoInvestors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It worsened, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Brown Mgmt Ltd Liability Com has 0.03% invested in Facebook, Inc. (NASDAQ:FB) for 15,445 shares. Oak Associates Oh holds 253,578 shares. Minnesota-based Ameriprise Financial has invested 1.28% in Facebook, Inc. (NASDAQ:FB). South State Corp invested in 4,590 shares or 0.08% of the stock. Atlas Browninc has invested 0.13% in Facebook, Inc. (NASDAQ:FB). Vigilant Cap Management Ltd Liability Company accumulated 1,993 shares or 0.05% of the stock. Telos Capital accumulated 2,073 shares. Peak6 LP owns 106,618 shares. Jennison Associates Limited Liability Com owns 13.79M shares or 2.19% of their US portfolio. Arcadia Inv Mi has invested 1.13% in Facebook, Inc. (NASDAQ:FB). Novare Cap Mngmt Limited Liability Company owns 43,746 shares. 1,746 were accumulated by Financial Advisory Gp. Coldstream Capital Mgmt accumulated 6,366 shares. 3G Capital Prns Lp reported 183,338 shares. Great West Life Assurance Company Can holds 0.79% in Facebook, Inc. (NASDAQ:FB) or 2.05M shares.

Since January 26, 2018, it had 0 buys, and 83 selling transactions for $3.90 billion activity. On Thursday, March 15 Sandberg Sheryl sold $10.07M worth of Facebook, Inc. (NASDAQ:FB) or 55,000 shares. 38,043 shares were sold by Schroepfer Michael Todd, worth $6.78M on Tuesday, May 8. Stretch Colin had sold 750 shares worth $136,875. On Thursday, May 24 the insider FISCHER DAVID B. sold $3.36M. 1.26 million shares were sold by Koum Jan, worth $231.84 million on Monday, May 14. On Wednesday, June 20 Wehner David M. sold $2.00 million worth of Facebook, Inc. (NASDAQ:FB) or 10,000 shares.

First Republic Investment Management Inc increased its stake in Facebook Inc (FB) by 3.15% based on its latest 2018Q1 regulatory filing with the SEC. First Republic Investment Management Inc bought 38,713 shares as the company’s stock declined 0.01% with the market. The hedge fund held 1.27M shares of the technology company at the end of 2018Q1, valued at $202.26 million, up from 1.23M at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $600.12 billion market cap company. The stock increased 0.19% or $0.4 during the last trading session, reaching $207.32. About 11.40 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since July 14, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

First Republic Investment Management Inc, which manages about $25.99B and $12.66 billion US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 45,745 shares to 1.38 million shares, valued at $102.64 million in 2018Q1, according to the filing. It also reduced its holding in Whirlpool Corp (NYSE:WHR) by 39,609 shares in the quarter, leaving it with 76,178 shares, and cut its stake in New York Cmnty Bancorp Inc (NYSE:NYCB).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Schaeffersresearch.com which released: “3 Major Price Targets For Facebook Stock” on July 13, 2018, also Benzinga.com with their article: “Nomura Bullish on Alphabet, Facebook, Spotify: ‘Still Some Room For Growth'” published on July 11, 2018, Seekingalpha.com published: “How Facebook Stacks Up Against Google” on July 14, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Microsoft urges regulation of facial recognition” published on July 13, 2018 as well as Seekingalpha.com‘s news article titled: “Can Facebook Gain 35%?” with publication date: July 11, 2018.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 31 analysts covering Facebook Inc (NASDAQ:FB), 28 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Facebook Inc has $275 highest and $168 lowest target. $225.66’s average target is 8.85% above currents $207.32 stock price. Facebook Inc had 58 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital on Thursday, April 26 with “Overweight”. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Monday, April 9 by KeyBanc Capital Markets. Deutsche Bank maintained the shares of FB in report on Wednesday, June 6 with “Buy” rating. As per Thursday, April 26, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating given on Thursday, April 26 by Stifel Nicolaus. As per Monday, April 16, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Thursday, April 26 by Oppenheimer. The firm has “Buy” rating given on Thursday, January 25 by GBH Insights. The firm has “Overweight” rating given on Thursday, April 26 by Morgan Stanley. Jefferies maintained Facebook, Inc. (NASDAQ:FB) on Sunday, April 8 with “Buy” rating.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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