Dumont & Blake Investment Advisors LLC purchased a new position in Facebook, Inc. (NASDAQ:FB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,440 shares of the social networking company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI increased its position in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the period. Cohen Capital Management Inc. bought a new position in Facebook during the first quarter valued at approximately $121,000. Cable Hill Partners LLC increased its position in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares during the period. Viking Fund Management LLC bought a new position in Facebook during the first quarter valued at approximately $142,000. Finally, State of Alaska Department of Revenue bought a new position in Facebook during the first quarter valued at approximately $180,000. Institutional investors and hedge funds own 57.30% of the company’s stock.

Shares of Facebook, Inc. (FB) traded up 0.64% during trading on Thursday, reaching $171.01. The company had a trading volume of 6,137,410 shares. The firm has a 50-day moving average price of $166.02 and a 200-day moving average price of $150.10. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a market capitalization of $496.65 billion, a P/E ratio of 38.27 and a beta of 0.70.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 44.8% compared to the same quarter last year. On average, analysts predict that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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Several equities analysts have recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 target price on shares of Facebook in a report on Saturday, June 3rd. Barclays PLC reissued an “overweight” rating and issued a $168.00 target price (up previously from $160.00) on shares of Facebook in a report on Wednesday, July 12th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $159.91 target price on the stock in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and issued a $192.00 target price (up previously from $175.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Pacific Crest reissued an “overweight” rating and issued a $155.00 target price on shares of Facebook in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $183.74.

In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $166.85, for a total value of $125,137.50. Following the sale, the vice president now directly owns 96,268 shares in the company, valued at approximately $16,062,315.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $149.93, for a total value of $2,398,880.00. Following the completion of the sale, the insider now owns 184,965 shares in the company, valued at $27,731,802.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,405,594 shares of company stock valued at $2,014,792,849. Insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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