Martin Investment Management LLC raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 1.5% during the 2nd quarter, Holdings Channel reports. The fund owned 32,990 shares of the social networking company’s stock after purchasing an additional 498 shares during the period. Facebook makes up approximately 3.1% of Martin Investment Management LLC’s portfolio, making the stock its 9th largest holding. Martin Investment Management LLC’s holdings in Facebook were worth $7,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in FB. Strategic Wealth Management Group LLC boosted its position in Facebook by 0.5% during the second quarter. Strategic Wealth Management Group LLC now owns 9,152 shares of the social networking company’s stock valued at $2,078,000 after purchasing an additional 43 shares during the last quarter. Genesee Capital Advisors LLC lifted its position in shares of Facebook by 1.6% in the second quarter. Genesee Capital Advisors LLC now owns 2,787 shares of the social networking company’s stock worth $632,000 after buying an additional 44 shares during the last quarter. Parisi Gray Wealth Management lifted its position in shares of Facebook by 0.5% in the second quarter. Parisi Gray Wealth Management now owns 9,175 shares of the social networking company’s stock worth $2,087,000 after buying an additional 44 shares during the last quarter. Retirement Network lifted its position in shares of Facebook by 1.4% in the first quarter. Retirement Network now owns 3,519 shares of the social networking company’s stock worth $587,000 after buying an additional 48 shares during the last quarter. Finally, Sun Life Financial INC lifted its position in shares of Facebook by 3.4% in the first quarter. Sun Life Financial INC now owns 1,465 shares of the social networking company’s stock worth $244,000 after buying an additional 48 shares during the last quarter. 65.12% of the stock is currently owned by hedge funds and other institutional investors.

FB stock opened at $253.67 on Friday. The firm has a market cap of $668.11 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.68 and a beta of 1.19. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $255.85. The business’s 50 day moving average is $235.27 and its 200-day moving average is $207.59.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.36. Facebook had a return on equity of 23.49% and a net margin of 31.29%. The firm had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. Sell-side analysts forecast that Facebook, Inc. will post 7.36 EPS for the current year.

A number of brokerages have weighed in on FB. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $300.00 price target (up previously from $290.00) on shares of Facebook in a research report on Friday. Monness Crespi & Hardt boosted their price target on Facebook from $230.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their price target on Facebook from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Pivotal Research lifted their price objective on Facebook from $225.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Mizuho lifted their price objective on Facebook from $245.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $273.37.

In other news, VP Jennifer Newstead sold 194 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total value of $40,241.42. Following the transaction, the vice president now owns 406 shares of the company’s stock, valued at approximately $84,216.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David M. Wehner sold 8,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $209.90, for a total value of $1,679,200.00. Following the completion of the transaction, the chief financial officer now directly owns 24,484 shares in the company, valued at approximately $5,139,191.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,591 shares of company stock worth $14,894,825. Company insiders own 14.14% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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