Fund Managers Continue to Back Facebook

While some investors were busy disposing of their stakes in Facebook after the Cambridge Analytica scandal, others took the opportunity to top up their exposure

David Brenchley 6 June, 2018 | 12:31PM
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Facebook app on smartphone, Facebook share price, Cambridge Analytica, stock market

The Cambridge Analytica scandal that rocked Facebook (FB) back in March raised some big questions about the firm. For investors, of course, the pertinent one was whether the social media behemoth’s winning run of share price gains has run its course.

Facebook’s share price, which had gains 53% in 2017 alone, reached a new record high of $195 at the beginning of February. Just eight weeks later, it had sunk to a nine-month low of $151.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Brown Advisory Global Leaders C GBP Acc17.36 GBP0.00Rating
Carmignac Pf Patrimoine F GBP Acc136.91 GBP-0.29Rating
Facebook Inc A328.69 USD0.00Rating
Polar Capital Technology Ord2,558.65 GBP1.61Rating
Rathbone Global Opportunities I Acc395.78 GBP-0.27Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk