Capital Investment Advisory Services LLC grew its position in Facebook Inc (NASDAQ:FB) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,771 shares of the social networking company’s stock after buying an additional 421 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Facebook were worth $303,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. D. Scott Neal Inc. increased its position in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Facebook during the 2nd quarter worth about $138,000. Vigilant Capital Management LLC increased its position in Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after purchasing an additional 150 shares in the last quarter. Odey Holdings AG increased its position in Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in Facebook during the 2nd quarter worth about $165,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

In related news, VP David B. Fischer sold 4,699 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total value of $132,172.50. Following the transaction, the vice president now directly owns 82,096 shares in the company, valued at $14,467,778.08. The disclosure for this sale can be found here. Insiders have sold a total of 4,144,182 shares of company stock worth $745,583,697 over the last three months. 17.23% of the stock is currently owned by corporate insiders.

FB has been the subject of a number of recent research reports. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Barclays lifted their price objective on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC lifted their price target on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush set a $225.00 price target on Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, forty-two have issued a buy rating and four have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $202.71.

Facebook Inc (NASDAQ:FB) opened at $187.84 on Thursday. The firm has a market capitalization of $545,830.00, a PE ratio of 34.91, a PEG ratio of 1.06 and a beta of 0.68. Facebook Inc has a 52 week low of $124.06 and a 52 week high of $188.90.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. research analysts predict that Facebook Inc will post 5.86 EPS for the current year.

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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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