Bender Robert & Associates lowered its position in Facebook, Inc. (NASDAQ:FB) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,343 shares of the social networking company’s stock after selling 5 shares during the period. Facebook accounts for 5.2% of Bender Robert & Associates’ portfolio, making the stock its 6th largest holding. Bender Robert & Associates’ holdings in Facebook were worth $8,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Hartford Financial Management Inc. grew its holdings in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after purchasing an additional 16 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in Facebook by 1.0% during the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after purchasing an additional 21 shares during the last quarter. Wagner Bowman Management Corp grew its holdings in Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after purchasing an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after purchasing an additional 30 shares during the last quarter. Finally, Keel Point LLC grew its holdings in Facebook by 1.5% during the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 57.27% of the company’s stock.

In related news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $169.95, for a total transaction of $2,719,200.00. Following the completion of the sale, the insider now directly owns 180,871 shares in the company, valued at approximately $30,739,026.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $180.16, for a total value of $135,120.00. Following the sale, the vice president now owns 88,841 shares of the company’s stock, valued at $16,005,594.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,306,683 shares of company stock worth $1,441,300,245. 19.08% of the stock is currently owned by insiders.

Several brokerages have commented on FB. Canaccord Genuity increased their price target on Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer Holdings, Inc. raised their price objective on shares of Facebook from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank AG restated a “buy” rating on shares of Facebook in a research note on Thursday. Finally, UBS AG set a $208.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $195.93.

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Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 24.45% and a net margin of 41.69%. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS.

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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