Gulf International Bank Uk LTD Increased Facebook INC (NASDAQ:FB) by $4.96 Million as Shares Rose


Gulf International Bank Uk Ltd increased its stake in Facebook Inc (NASDAQ:FB) by 6.82% based on its latest 2016Q2 regulatory filing with the SEC. Gulf International Bank Uk Ltd bought 43,520 shares as the company’s stock rose 11.62% with the market. The institutional investor held 681,562 shares of the technology company at the end of 2016Q2, valued at $77.77M, up from 638,042 at the end of the previous reported quarter. Gulf International Bank Uk Ltd who had been investing in Facebook Inc for a number of months, seems to be bullish on the $369.87 billion market cap company. The stock is up 0.10% or $0.13 after the positive news, hitting $127.34 per share. About 17.97 million shares traded hands or 5.77% up from the average. Facebook Inc (NASDAQ:FB) has risen 29.01% since February 8, 2016 and is uptrending. It has outperformed by 12.52% the S&P500.

The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.06, from 1.29 in 2016Q1. The ratio dived, as 73 funds sold all FB shares owned while 523 reduced positions. 118 funds bought stakes while 614 increased positions. They now own 1.59 billion shares or 3.98% less from 1.65 billion shares in 2016Q1.

Greenbrier Partners Capital Management Llc holds 18.22% of its portfolio in FB for 580,000 shares. Fox Point Capital Management Llc owns 62,500 shares or 16.96% of their US portfolio. Moreover, Sylebra Hk Co Ltd has 16.76% invested in the company for 1.56 million shares. The California-based Capital Planning Advisors Llc has invested 15.42% in the stock. Kemnay Advisory Services Inc., a New York-based fund reported 148,466 shares.

Out of 36 analysts covering Facebook (NASDAQ:FB), 34 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 94% are positive. Facebook has been the topic of 66 analyst reports since October 1, 2015 according to StockzIntelligence Inc. M Partners maintained the stock on May 13 with “Buy” rating.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $369.87 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 60.94 P/E ratio. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

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