BB&T Securities LLC lifted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 49.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,572 shares of the social networking company’s stock after buying an additional 53,589 shares during the period. BB&T Securities LLC’s holdings in Facebook were worth $24,545,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI lifted its holdings in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after acquiring an additional 120 shares during the period. D. Scott Neal Inc. lifted its holdings in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services lifted its holdings in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares during the period. Finally, Watermark Asset Management Inc. bought a new position in Facebook in the first quarter valued at about $141,000. 57.27% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Canaccord Genuity increased their target price on Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Macquarie set a $205.00 target price on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $230.00 target price (down previously from $235.00) on shares of Facebook in a report on Thursday, November 2nd. Robert W. Baird set a $200.00 target price on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Jefferies Group LLC increased their target price on Facebook to $225.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average price target of $197.95.

Facebook, Inc. (NASDAQ FB) opened at $179.30 on Friday. Facebook, Inc. has a fifty-two week low of $113.55 and a fifty-two week high of $182.90. The company has a market capitalization of $521,477.44, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The business’s revenue was up 47.3% compared to the same quarter last year. research analysts anticipate that Facebook, Inc. will post 5.81 earnings per share for the current fiscal year.

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In related news, insider Michael Todd Schroepfer sold 38,055 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $172.60, for a total value of $6,568,293.00. Following the completion of the transaction, the insider now directly owns 533,937 shares in the company, valued at $92,157,526.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 248,984 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $170.69, for a total value of $42,499,078.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,218,261 shares of company stock valued at $1,426,368,008. 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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