13F: Westfield Capital Management Company LP Raised Its Position in Facebook INC (FB) by $11.14 Million

13F: Westfield Capital Management Company LP Raised Its Position in Facebook INC (FB) by $11.14 Million

Westfield Capital Management Company Lp increased its stake in Facebook Inc (FB) by 5.3% based on its latest 2016Q3 regulatory filing with the SEC. Westfield Capital Management Company Lp bought 86,998 shares as the company’s stock rose 12.33% with the market. The institutional investor held 1.73M shares of the technology company at the end of 2016Q3, valued at $221.62 million, up from 1.64 million at the end of the previous reported quarter. Westfield Capital Management Company Lp who had been investing in Facebook Inc for a number of months, seems to be bullish on the $362.72B market cap company. The stock decreased 0.44% or $0.55 during the last trading session, hitting $124.35. About 846 shares traded hands. Facebook Inc (NASDAQ:FB) has risen 5.60% since June 7, 2016 and is uptrending. It has underperformed by 1.83% the S&P500.

Westfield Capital Management Company Lp, which manages about $17.38 billion and $12.39 billion US Long portfolio, decreased its stake in Mastercard Incorporated (NYSE:MA) by 354,009 shares to 737,739 shares, valued at $75.08 million in 2016Q3, according to the filing. It also reduced its holding in Ariad Pharmaceuticals Inc (NASDAQ:ARIA) by 4.57M shares in the quarter, leaving it with 6.00M shares, and cut its stake in Assurant Inc (NYSE:AIZ).

Westfield Capital Management Company Lp is a Massachusetts-based institutional investor with more than $17.38 billion AUM in October, 2014. Taken from Westfield Capital Management Company latest Adv, the fund reported to have 61 full and part-time employees. Among which 16 performing investment advisory and research functions. The institutional investor had more than 1200 clients.

Insitutional Activity: The institutional sentiment increased to 1.4 in Q3 2016. Its up 0.17, from 1.23 in 2016Q2. The ratio increased, as 58 funds sold all FB shares owned while 488 reduced positions. 126 funds bought stakes while 640 increased positions. They now own 1.58 billion shares or 0.47% less from 1.59 billion shares in 2016Q2. Kemnay Advisory holds 150,883 shares or 13.36% of its portfolio. Usca Ria Lc has 0.67% invested in the company for 31,442 shares. Peloton Wealth Strategists, a Indiana-based fund reported 4,350 shares. Artisan Ltd Partnership holds 0.83% or 3.27M shares in its portfolio. Holland Mngmt has invested 2.11% of its portfolio in Facebook Inc (NASDAQ:FB). Oppenheimer Communication last reported 1.32% of its portfolio in the stock. Lbmc Invest Ltd Liability Co holds 1,630 shares or 0.04% of its portfolio. Moreover, Fiduciary Tru has 0.07% invested in Facebook Inc (NASDAQ:FB) for 15,382 shares. Beaumont Ptnrs Limited Liability Corp owns 4,703 shares or 0.1% of their US portfolio. Davenport Com Ltd Limited Liability Company accumulated 40,273 shares or 0% of the stock. Tudor Invest Corp Et Al reported 270,118 shares or 0.81% of all its holdings. Wafra Inv Advisory Grp Inc holds 2.85% of its portfolio in Facebook Inc (NASDAQ:FB) for 298,372 shares. Clearbridge Invests Ltd Company, a New York-based fund reported 5.87 million shares. Glenmede Co Na has 0.43% invested in the company for 620,733 shares. The Hong Kong-based Point72 Asia (Hong Kong) has invested 0.08% in Facebook Inc (NASDAQ:FB).

Insider Transactions: Since July 14, 2016, the stock had 0 insider buys, and 98 selling transactions for $2.99 billion net activity. Shares for $13.04M were sold by Sandberg Sheryl. Wehner David M. sold $2.85M worth of stock. On Thursday, September 15 the insider Cox Christopher K sold $762,602. FISCHER DAVID B. sold $4.56M worth of stock. Koum Jan had sold 931,222 shares worth $120.42M. Schroepfer Michael Todd sold $6.02M worth of stock. Zuckerberg Mark had sold 735,977 shares worth $95.00 million on Thursday, September 22.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Fool.com which released: “Facebook, Inc.’s Profits Will Likely Exceed $10 Billion in 2017” on January 10, 2017, also Nasdaq.com with their article: “Mid-Roll Video Ads Could Be Coming to Facebook, Inc.” published on January 10, 2017, Fool.com published: “Facebook, Inc. Earnings: Mark Your Calendar” on January 08, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Valuewalk.com and their article: “Facebook Inc (FB) Stock Still Analysts’ Top Pick For 2017 Amid Continuing Growth” published on January 10, 2017 as well as Bloomberg.com‘s news article titled: “Facebook’s Virtual Reality Foray Derided as ‘Fanciful Story'” with publication date: January 09, 2017.

According to Zacks Investment Research, “Facebook Inc. operates a social networking website worldwide. The Company’s products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.”

Facebook Inc (NASDAQ:FB) Ratings Coverage

Out of 45 analysts covering Facebook (NASDAQ:FB), 42 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 93% are positive. $175 is the highest target while $88 is the lowest. The $144.17 average target is 15.94% above today’s ($124.35) stock price. Facebook has been the topic of 115 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, November 3, the company rating was maintained by JMP Securities. Wells Fargo maintained the stock with “Outperform” rating in Thursday, November 3 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 28. Canaccord Genuity maintained Facebook Inc (NASDAQ:FB) rating on Thursday, November 5. Canaccord Genuity has “Buy” rating and $135 price target. As per Thursday, April 28, the company rating was maintained by Credit Suisse. Goldman Sachs maintained Facebook Inc (NASDAQ:FB) on Thursday, July 30 with “Buy” rating. The rating was maintained by Mizuho on Thursday, November 3 with “Buy”. Bank of America maintained the stock with “Buy” rating in Sunday, August 16 report. As per Thursday, April 28, the company rating was maintained by JMP Securities. The rating was maintained by Suntrust Robinson with “Buy” on Thursday, April 28.

FB Company Profile

Facebook, Inc., incorporated on July 29, 2004, manufactures products that enable people to connect and share through mobile devices and personal computers. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. The Company’s subsidiaries include Andale, Inc., Edge Network Services Limited, Facebook Ireland Holdings Limited, Facebook Ireland Limited, Facebook Operations, LLC, Instagram, LLC, Oculus VR, LLC, Parse, LLC, Pinnacle Sweden AB, Siculus, LLC, Vitesse, LLC and WhatsApp Inc.

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