Arcadia Investment Management Corp MI raised its holdings in shares of Facebook Inc (NASDAQ:FB) by 37.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,820 shares of the social networking company’s stock after acquiring an additional 4,275 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Facebook were worth $2,703,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. State Street Corp increased its holdings in shares of Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the last quarter. Capital World Investors increased its holdings in shares of Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. Pivotal Research reaffirmed a “sell” rating and issued a $140.00 target price on shares of Facebook in a report on Wednesday, September 6th. Wells Fargo & Company reiterated an “outperform” rating and issued a $215.00 price target (up previously from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $195.00 price target on shares of Facebook in a research report on Friday, October 13th. Wedbush reiterated an “outperform” rating and issued a $230.00 price target (up previously from $225.00) on shares of Facebook in a research report on Thursday, November 2nd. Finally, Macquarie set a $205.00 price target on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. 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 assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $200.81.

In other news, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the sale, the director now owns 6,311 shares of the company’s stock, valued at $1,129,037.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $170.10, for a total transaction of $127,575.00. Following the sale, the vice president now directly owns 92,191 shares of the company’s stock, valued at approximately $15,681,689.10. The disclosure for this sale can be found here. Insiders have sold 4,802,989 shares of company stock valued at $858,525,203 in the last ninety days. Insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $177.89 on Thursday. Facebook Inc has a 12-month low of $114.77 and a 12-month high of $184.25. The stock has a market capitalization of $521,621.59, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

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

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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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