Checchi Capital Advisers LLC boosted its stake in Facebook, Inc. (NASDAQ:FB) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,354 shares of the social networking company’s stock after buying an additional 1,693 shares during the period. Facebook makes up approximately 0.3% of Checchi Capital Advisers LLC’s portfolio, making the stock its 27th largest position. Checchi Capital Advisers LLC’s holdings in Facebook were worth $2,607,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Financial Group raised its position in Facebook by 16.4% in the first quarter. Beacon Financial Group now owns 6,701 shares of the social networking company’s stock valued at $954,000 after buying an additional 944 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Facebook during the first quarter valued at approximately $814,000. Pensionfund DSM Netherlands purchased a new position in Facebook during the first quarter valued at approximately $11,364,000. Lau Associates LLC raised its position in Facebook by 8.0% in the first quarter. Lau Associates LLC now owns 9,450 shares of the social networking company’s stock valued at $1,342,000 after buying an additional 700 shares in the last quarter. Finally, Park National Corp OH raised its position in Facebook by 5.3% in the first quarter. Park National Corp OH now owns 4,589 shares of the social networking company’s stock valued at $652,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 57.30% of the company’s stock.

Shares of Facebook, Inc. (FB) traded up 0.29% during mid-day trading on Wednesday, hitting $168.54. The stock had a trading volume of 2,890,976 shares. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The company has a market capitalization of $489.47 billion, a P/E ratio of 37.72 and a beta of 0.70. The stock’s 50-day moving average price is $166.02 and its 200 day moving average price is $150.10.

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

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A number of equities analysts recently issued reports on FB shares. Jefferies Group LLC reiterated a “buy” rating and issued a $192.00 target price (up previously from $175.00) on shares of Facebook in a research report on Tuesday, May 2nd. Deutsche Bank AG increased their target price on shares of Facebook from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 target price on shares of Facebook in a research report on Tuesday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $170.00 target price on shares of Facebook in a research report on Wednesday, May 3rd. Finally, Nomura set a $165.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $183.74.

In related news, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $172.25, for a total value of $10,389,431.00. Following the sale, the director now owns 6,311 shares in the company, valued at approximately $1,087,069.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Koum sold 3,600,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,405,594 shares of company stock worth $2,014,792,849 in the last quarter. Company insiders own 19.08% of the company’s stock.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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