Patriot Financial Group Insurance Agency LLC raised its stake in Facebook, Inc. (NASDAQ:FB) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,893 shares of the social networking company’s stock after buying an additional 226 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Facebook were worth $444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D. Scott Neal Inc. increased its holdings in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in 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 stake in 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. acquired a new stake in Facebook during the 1st quarter valued at $141,000. Finally, Vigilant Capital Management LLC raised its stake in 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. 57.44% of the stock is currently owned by institutional investors.

Shares of Facebook, Inc. (NASDAQ FB) opened at $182.78 on Monday. The stock has a market cap of $531,123.63, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.16 and a beta of 0.67. Facebook, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $183.15.

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

In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $166.85, for a total transaction of $125,137.50. Following the completion of the sale, the vice president now directly owns 96,268 shares in the company, valued at $16,062,315.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Wehner sold 15,470 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $179.05, for a total transaction of $2,769,903.50. Following the sale, the chief financial officer now owns 67,539 shares of the company’s stock, valued at $12,092,857.95. The disclosure for this sale can be found here. Insiders sold 5,652,146 shares of company stock valued at $999,797,448 over the last quarter. 17.23% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on FB shares. Cowen Inc reissued an “average” rating and set a $200.00 target price (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. MKM Partners reissued a “buy” rating and set a $200.00 target price (up from $180.00) on shares of Facebook in a research note on Monday, August 7th. Mizuho reissued a “buy” rating on shares of Facebook in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. set a $195.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird set a $185.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average price target of $197.95.

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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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