Nicholas Hoffman & Company LLC. raised its holdings in shares of Facebook Inc (NASDAQ:FB) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,992 shares of the social networking company’s stock after acquiring an additional 167 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Facebook were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FB. D. Scott Neal Inc. raised its position in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares during the period. Pacific Center for Financial Services raised its position in shares of Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 88 shares during the period. Watermark Asset Management Inc. bought a new stake in shares of Facebook during the 1st quarter valued at $141,000. Finally, Vigilant Capital Management LLC raised its position in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 57.86% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total transaction of $128,700.00. Following the completion of the transaction, the vice president now directly owns 84,246 shares of the company’s stock, valued at approximately $14,456,613.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 247,452 shares of Facebook stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $171.75, for a total transaction of $42,499,881.00. The disclosure for this sale can be found here. Insiders sold a total of 4,932,625 shares of company stock valued at $879,469,497 over the last three months. Corporate insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ:FB) opened at $179.00 on Friday. Facebook Inc has a 52 week low of $114.77 and a 52 week high of $184.25. The company has a market cap of $511,596.56, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the company posted $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.

Several analysts have recently commented on FB shares. Goldman Sachs Group set a $205.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC raised their price objective on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 price objective on the stock in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company. Facebook currently has an average rating of “Buy” and an average price target of $200.73.

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About Facebook

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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