Legal & General Group Plc lifted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,382,771 shares of the social networking company’s stock after buying an additional 602,162 shares during the quarter. Facebook makes up approximately 1.3% of Legal & General Group Plc’s portfolio, making the stock its 7th biggest position. Legal & General Group Plc owned 0.36% of Facebook worth $1,567,582,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mutual of America Capital Management LLC grew its position in shares of 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 in the last quarter. Palisade Capital Management LLC NJ grew its position in shares of 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 in the last quarter. ING Groep NV grew its position in shares of 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 in the last quarter. Grand Jean Capital Management Inc. grew its position in shares of 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 in the last quarter. Finally, Segment Wealth Management LLC grew its position in shares of 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 in the last quarter. 57.27% of the stock is owned by institutional investors and hedge funds.

In other news, 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 directly owns 88,841 shares in the company, valued at $16,005,594.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 248,984 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were 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. Insiders sold 8,306,683 shares of company stock worth $1,441,300,245 in the last three months. 19.08% of the stock is owned by corporate insiders.

Several research firms recently weighed in on FB. Goldman Sachs Group, Inc. (The) set a $205.00 target price on Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. boosted their target price on 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 target price on Facebook and gave the stock a “buy” rating in a research note on Thursday. JMP Securities restated an “outperform” rating and set a $195.00 target price (up previously from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 target price for the company in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $196.91.

Shares of Facebook, Inc. (FB) opened at $178.92 on Friday. The firm has a market capitalization of $519,618.75, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. Facebook, Inc. has a twelve month low of $113.55 and a twelve month high of $182.90.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ 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 23.64% and a net margin of 41.69%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. research analysts anticipate that Facebook, Inc. will post 5.75 earnings per share for the current fiscal year.

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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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