Amarillo National Bank boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 14.7% during the third quarter, Holdings Channel reports. The institutional investor owned 9,158 shares of the social networking company’s stock after buying an additional 1,173 shares during the period. Facebook comprises 0.5% of Amarillo National Bank’s investment portfolio, making the stock its 29th largest position. Amarillo National Bank’s holdings in Facebook were worth $1,175,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BP PLC raised its stake in shares of Facebook by 6.3% in the second quarter. BP PLC now owns 269,000 shares of the social networking company’s stock valued at $30,741,000 after buying an additional 16,000 shares during the period. Shelton Capital Management increased its stake in Facebook by 1.8% in the second quarter. Shelton Capital Management now owns 225,224 shares of the social networking company’s stock valued at $25,739,000 after buying an additional 4,031 shares in the last quarter. First Quadrant L P CA increased its stake in Facebook by 1.4% in the third quarter. First Quadrant L P CA now owns 241,642 shares of the social networking company’s stock valued at $30,995,000 after buying an additional 3,430 shares in the last quarter. Dorsey Wright & Associates increased its stake in Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock valued at $6,162,000 after buying an additional 2,275 shares in the last quarter. Finally, Strs Ohio increased its stake in Facebook by 3.8% in the second quarter. Strs Ohio now owns 2,367,459 shares of the social networking company’s stock valued at $270,553,000 after buying an additional 86,207 shares in the last quarter. 56.17% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook, Inc. (NASDAQ:FB) opened at 128.34 on Friday. The stock has a market capitalization of $369.90 billion, a PE ratio of 49.48 and a beta of 0.66. The stock’s 50 day moving average price is $118.78 and its 200 day moving average price is $122.79. Facebook, Inc. has a one year low of $89.37 and a one year high of $133.50.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.97 by $0.12. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. Facebook’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Equities research analysts predict that Facebook, Inc. will post $4.10 EPS for the current fiscal year.

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FB has been the topic of several recent research reports. Jefferies Group reiterated a “buy” rating and set a $170.00 target price on shares of Facebook in a research report on Thursday, November 3rd. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $129.91 target price on the stock in a research report on Monday, January 2nd. Axiom Securities lifted their target price on shares of Facebook from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $162.00 target price on shares of Facebook in a research report on Thursday, December 29th. Finally, Citigroup Inc. lifted their target price on shares of Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-three have assigned a buy rating and four have given a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus price target of $149.50.

In other news, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $115.83, for a total value of $1,806,948.00. Following the transaction, the insider now owns 379,068 shares in the company, valued at $43,907,446.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Todd Schroepfer sold 37,994 shares of the firm’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $124.79, for a total value of $4,741,271.26. Following the completion of the transaction, the insider now owns 434,081 shares in the company, valued at approximately $54,168,967.99. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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