Edmond DE Rothschild Holding S.A. raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 40.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,176 shares of the social networking company’s stock after buying an additional 30,546 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Facebook were worth $15,082,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. First Financial Corp IN boosted its stake in Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock worth $346,000 after buying an additional 11 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after buying an additional 21 shares in the last quarter. Cordasco Financial Network boosted its stake in Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock worth $288,000 after buying an additional 29 shares in the last quarter. Donald L. Hagan LLC boosted its stake in Facebook by 0.8% in the first quarter. Donald L. Hagan LLC now owns 4,240 shares of the social networking company’s stock worth $602,000 after buying an additional 35 shares in the last quarter. Finally, Somerset Group LLC boosted its stake in Facebook by 0.9% in the first quarter. Somerset Group LLC now owns 3,900 shares of the social networking company’s stock worth $554,000 after buying an additional 35 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Facebook, Inc. (NASDAQ FB) traded up 0.50% during trading on Friday, reaching $168.23. 4,930,807 shares of the company traded hands. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The firm’s 50 day moving average price is $161.08 and its 200 day moving average price is $147.16. The firm has a market capitalization of $488.57 billion, a price-to-earnings ratio of 37.65 and a beta of 0.70.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the company posted $0.97 EPS. Facebook’s revenue was up 44.8% on a year-over-year basis. Equities research analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current year.

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A number of analysts recently commented on FB shares. Wells Fargo & Company restated an “overweight” rating on shares of Facebook in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $200.00 price objective (up previously from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Wedbush restated a “buy” rating on shares of Facebook in a research report on Thursday, July 27th. Finally, Macquarie set a $175.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $182.00.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $150.10, for a total transaction of $112,575.00. Following the completion of the sale, the vice president now directly owns 86,761 shares in the company, valued at approximately $13,022,826.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Todd Schroepfer sold 37,963 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $171.98, for a total transaction of $6,528,876.74. Following the sale, the insider now owns 882,427 shares of the company’s stock, valued at $151,759,795.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519. 19.08% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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