NGAM Advisors L.P. increased its position in shares of Facebook, Inc. (NASDAQ:FB) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,112,568 shares of the social networking company’s stock after buying an additional 32,392 shares during the period. Facebook accounts for approximately 1.8% of NGAM Advisors L.P.’s investment portfolio, making the stock its 2nd biggest position. NGAM Advisors L.P.’s holdings in Facebook were worth $167,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Enterprise Financial Services Corp increased its holdings in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after purchasing an additional 21 shares during the last quarter. Wagner Bowman Management Corp boosted its position in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after acquiring an additional 25 shares during the period. Keel Point LLC boosted its position in shares of Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after acquiring an additional 34 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares during the period. Finally, Somerset Group LLC boosted its position in shares of Facebook by 0.9% in the first quarter. Somerset Group LLC now owns 3,900 shares of the social networking company’s stock valued at $554,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 57.26% of the company’s stock.

Facebook, Inc. (NASDAQ FB) opened at 172.23 on Friday. The firm has a 50-day moving average price of $169.94 and a 200-day moving average price of $157.13. The stock has a market capitalization of $500.19 billion, a PE ratio of 38.55 and a beta of 0.70. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Equities research analysts predict that Facebook, Inc. will post $5.34 EPS for the current fiscal year.

A number of brokerages have recently issued reports on FB. Wells Fargo & Company set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price objective on shares of Facebook in a research report on Thursday. KeyCorp reaffirmed a “buy” rating and set a $200.00 price objective on shares of Facebook in a research report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $195.00 price objective (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $220.00 price objective (up previously from $215.00) on shares of Facebook in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $185.38.

In other news, insider Michael Todd Schroepfer sold 37,914 shares of Facebook stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $154.43, for a total value of $5,855,059.02. Following the transaction, the insider now directly owns 856,491 shares in the company, valued at approximately $132,267,905.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $153.36, for a total value of $115,020.00. Following the completion of the transaction, the vice president now owns 85,406 shares in the company, valued at $13,097,864.16. The disclosure for this sale can be found here. Insiders have sold a total of 12,900,933 shares of company stock worth $2,118,781,506 over the last 90 days. 19.08% of the stock is currently owned by company insiders.

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Facebook 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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