AIMZ Investment Advisors LLC boosted its stake in shares of Facebook Inc (NASDAQ:FB) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,255 shares of the social networking company’s stock after buying an additional 590 shares during the quarter. Facebook accounts for 1.5% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 21st biggest position. AIMZ Investment Advisors LLC’s holdings in Facebook were worth $1,923,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FB. Palisade Capital Management LLC NJ raised its position in Facebook by 2.4% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares during the last quarter. ING Groep NV raised its position in Facebook by 6.9% during the 2nd quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after purchasing an additional 37,822 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Facebook by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after purchasing an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Facebook by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after purchasing an additional 907 shares during the last quarter. Finally, Birinyi Associates Inc. raised its position in Facebook by 11.7% during the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Facebook Inc (NASDAQ:FB) opened at $179.37 on Friday. Facebook Inc has a 52-week low of $126.78 and a 52-week high of $188.90. The firm has a market capitalization of $521,210.00, a P/E ratio of 33.34, a P/E/G ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current year.

In other Facebook news, VP David B. Fischer sold 4,699 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,182,199 shares of company stock worth $752,724,430. Company insiders own 17.23% of the company’s stock.

A number of research analysts have commented on the company. SunTrust Banks upped their price target on Facebook to $240.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus lowered Facebook from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley set a $215.00 price target on Facebook and gave the company a “buy” rating in a research report on Friday. Vetr lowered Facebook from a “strong-buy” rating to a “buy” rating and set a $210.22 price target for the company. in a research report on Thursday. Finally, UBS Group set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average price target of $203.72.

TRADEMARK VIOLATION WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/aimz-investment-advisors-llc-has-1-92-million-position-in-facebook-inc-fb/1805273.html.

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.