Osterweis Capital Management Inc. raised its stake in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 262.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,025 shares of the social networking company’s stock after purchasing an additional 98,510 shares during the period. Osterweis Capital Management Inc.’s holdings in Facebook, Inc. Common Stock were worth $21,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Old Mutual Global Investors UK Ltd. raised its position in Facebook, Inc. Common Stock by 292.6% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,120,772 shares of the social networking company’s stock valued at $338,878,000 after purchasing an additional 1,580,549 shares during the period. Westfield Capital Management Co. LP raised its position in Facebook, Inc. Common Stock by 10.3% during the first quarter. Westfield Capital Management Co. LP now owns 1,638,805 shares of the social networking company’s stock valued at $261,865,000 after purchasing an additional 153,237 shares during the period. Signition LP purchased a new stake in Facebook, Inc. Common Stock during the first quarter valued at approximately $218,000. Roundview Capital LLC raised its holdings in shares of Facebook, Inc. Common Stock by 25.4% in the first quarter. Roundview Capital LLC now owns 18,561 shares of the social networking company’s stock worth $2,966,000 after buying an additional 3,755 shares during the period. Finally, Strategic Global Advisors LLC raised its holdings in shares of Facebook, Inc. Common Stock by 35.8% in the first quarter. Strategic Global Advisors LLC now owns 17,422 shares of the social networking company’s stock worth $2,784,000 after buying an additional 4,589 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

In other news, insider Christopher K. Cox sold 10,600 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $184.83, for a total transaction of $1,959,198.00. Following the completion of the sale, the insider now owns 137,482 shares in the company, valued at approximately $25,410,798.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 677,000 shares of the stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $184.43, for a total value of $124,859,110.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,029,573 shares of company stock worth $2,532,412,165 in the last ninety days. Insiders own 16.25% of the company’s stock.

Shares of NASDAQ FB opened at $173.80 on Monday. The firm has a market cap of $523.66 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.15 and a beta of 0.40. Facebook, Inc. Common Stock has a 12-month low of $149.02 and a 12-month high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.01). The company had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The firm’s revenue was up 41.9% compared to the same quarter last year. During the same period last year, the business posted $1.32 EPS. equities research analysts forecast that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Facebook, Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Nomura assumed coverage on Facebook, Inc. Common Stock in a report on Tuesday, July 10th. They issued a “buy” rating and a $228.00 price target on the stock. Piper Jaffray Companies increased their price target on Facebook, Inc. Common Stock to $250.00 and gave the stock an “in-line” rating in a report on Friday, July 20th. UBS Group downgraded Facebook, Inc. Common Stock from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $212.00 to $180.00 in a report on Thursday, July 26th. Finally, Raymond James cut Facebook, Inc. Common Stock from a “strong-buy” rating to an “outperform” rating and set a $210.00 price objective on the stock. in a research note on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Facebook, Inc. Common Stock has an average rating of “Buy” and a consensus target price of $209.46.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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