Gerber Kawasaki Wealth & Investment Management lessened its stake in Facebook Inc (NASDAQ:FB) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,319 shares of the social networking company’s stock after selling 1,684 shares during the quarter. Facebook makes up 5.3% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its biggest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Facebook were worth $13,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its holdings in Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after purchasing an additional 2,523,918 shares during the last quarter. State Street Corp lifted its holdings in Facebook by 1.7% during the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after purchasing an additional 1,536,158 shares during the last quarter. Jennison Associates LLC lifted its holdings in Facebook by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after purchasing an additional 1,219,412 shares during the last quarter. Karp Capital Management Corp lifted its holdings in Facebook by 6,222.5% during the 1st quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after purchasing an additional 882,228 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Facebook by 18.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,858,950 shares of the social networking company’s stock valued at $733,604,000 after purchasing an additional 758,700 shares during the last quarter. 57.86% of the stock is owned by institutional investors.

In related news, CEO Mark Zuckerberg sold 247,147 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $171.96, for a total transaction of $42,499,398.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Koum sold 2,600,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,195,022 shares of company stock valued at $924,578,276. Corporate insiders own 17.23% of the company’s stock.

Several equities research analysts have issued reports on FB shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price target on Facebook and gave the company a “buy” rating in a report on Friday, October 20th. Barclays raised their price target on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Friday, September 1st. Finally, Needham & Company LLC raised 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. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $199.18.

Facebook Inc (NASDAQ:FB) opened at $171.47 on Tuesday. 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 $498,260.00, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69.

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

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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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