Balter Liquid Alternatives LLC bought a new position in Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,463 shares of the social networking company’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ariel Capital Advisors LLC raised its holdings in shares of Facebook by 14.2% during the first quarter. Ariel Capital Advisors LLC now owns 24,242 shares of the social networking company’s stock worth $3,444,000 after acquiring an additional 3,015 shares during the period. Canal Capital Management LLC raised its holdings in shares of Facebook by 82.2% during the first quarter. Canal Capital Management LLC now owns 5,400 shares of the social networking company’s stock worth $767,000 after acquiring an additional 2,437 shares during the period. Advisor Partners LLC raised its holdings in shares of Facebook by 9.9% during the first quarter. Advisor Partners LLC now owns 34,616 shares of the social networking company’s stock worth $4,917,000 after acquiring an additional 3,122 shares during the period. Wright Investors Service Inc. raised its holdings in shares of Facebook by 33.5% during the first quarter. Wright Investors Service Inc. now owns 21,130 shares of the social networking company’s stock worth $3,002,000 after acquiring an additional 5,300 shares during the period. Finally, SPC Financial Inc. raised its holdings in shares of Facebook by 12.6% during the first quarter. SPC Financial Inc. now owns 4,820 shares of the social networking company’s stock worth $685,000 after acquiring an additional 540 shares during the period. Institutional investors own 57.44% of the company’s stock.

In related news, insider Michael Todd Schroepfer sold 38,055 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $172.60, for a total value of $6,568,293.00. Following the sale, the insider now directly owns 533,937 shares of the company’s stock, valued at $92,157,526.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the completion of the sale, the insider now directly owns 194,666 shares in the company, valued at $33,313,192.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,729,944 shares of company stock worth $1,010,501,428. Insiders own 17.23% of the company’s stock.

A number of equities research analysts recently commented on FB shares. Cowen and Company restated an “average” rating and set a $200.00 price objective (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Wedbush reaffirmed a “buy” rating on shares of Facebook in a research report on Thursday, July 27th. UBS AG reaffirmed a “buy” rating and issued a $190.00 target price (up previously from $168.00) on shares of Facebook in a research report on Thursday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $190.00 target price (up previously from $175.00) on shares of Facebook in a research report on Thursday, July 27th. They noted that the move was a valuation call. Finally, Macquarie set a $175.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average target price of $197.95.

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Facebook, Inc. (NASDAQ:FB) opened at $178.74 on Tuesday. The firm has a market cap of $519,380.00, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a 1 year low of $114.00 and a 1 year high of $182.90.

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

About Facebook

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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