Canandaigua National Bank & Trust Co. lifted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 11.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,654 shares of the social networking company’s stock after purchasing an additional 772 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Facebook were worth $1,156,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FB. Hartford Financial Management Inc. grew its holdings in Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares during the last quarter. Halbert Hargrove Russell LLC grew its holdings in Facebook by 0.5% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares during the last quarter. Wagner Bowman Management Corp grew its holdings in Facebook by 0.5% in the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after acquiring an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in Facebook by 2.1% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after acquiring an additional 30 shares during the last quarter. Finally, Keel Point LLC grew its holdings in Facebook by 1.5% in the 1st quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock worth $325,000 after acquiring an additional 34 shares during the last quarter. 57.44% of the stock is currently owned by institutional investors.

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Facebook, Inc. (NASDAQ FB) opened at $178.74 on Tuesday. The company has a market cap of $519,380.00, a PE ratio of 34.49, a PEG 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 posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. equities analysts forecast that Facebook, Inc. will post 5.86 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a report on Tuesday, November 7th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $215.00 price target on shares of Facebook in a report on Friday, November 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price target on shares of Facebook in a report on Friday, November 3rd. Canaccord Genuity raised their price target on shares of Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of Facebook from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $197.95.

In other Facebook news, Director Jan Koum sold 594,246 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $179.35, for a total transaction of $106,578,020.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $177.68, for a total transaction of $133,260.00. Following the transaction, the vice president now owns 87,341 shares in the company, valued at $15,518,748.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,729,944 shares of company stock worth $1,010,501,428. Company insiders own 17.23% of the company’s stock.

Facebook 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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