Lbmc Investment Advisors LLC increased its holdings in Facebook, Inc. (NASDAQ:FB) by 31.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,904 shares of the social networking company’s stock after purchasing an additional 451 shares during the period. Lbmc Investment Advisors LLC’s holdings in Facebook were worth $287,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FB. Mutual of America Capital Management LLC grew its stake in Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after buying an additional 6,740 shares during the last quarter. Palisade Capital Management LLC NJ grew its stake in Facebook by 2.4% during the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after buying an additional 602 shares during the last quarter. ING Groep NV grew its stake in Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after buying an additional 37,822 shares during the last quarter. Grand Jean Capital Management Inc. grew its stake in Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after buying an additional 15,910 shares during the last quarter. Finally, Segment Wealth Management LLC grew its stake in Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after buying an additional 4,485 shares during the last quarter. 57.44% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on FB shares. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. upped their price objective on shares of Facebook from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. 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, November 2nd. JMP Securities reaffirmed an “outperform” rating and set a $195.00 price objective (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Facebook has an average rating of “Buy” and a consensus price target of $197.95.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the transaction, the vice president now directly owns 92,591 shares in the company, valued at approximately $15,204,368.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 254,525 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $166.97, for a total transaction of $42,498,039.25. The disclosure for this sale can be found here. Insiders sold a total of 5,906,671 shares of company stock valued at $1,042,295,487 over the last 90 days. Corporate insiders own 17.23% of the company’s stock.

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Facebook, Inc. (NASDAQ:FB) opened at $180.87 on Thursday. The company has a market cap of $528,450.25, a P/E ratio of 35.04, a PEG ratio of 1.16 and a beta of 0.67. Facebook, Inc. has a 12-month low of $114.00 and a 12-month high of $182.90.

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

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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