Prospera Financial Services Inc reduced its position in shares of Facebook, Inc. (NASDAQ:FB) by 18.1% during the second quarter, Holdings Channel reports. The firm owned 11,765 shares of the social networking company’s stock after selling 2,594 shares during the period. Prospera Financial Services Inc’s holdings in Facebook were worth $1,764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FB. Ancora Advisors LLC increased its stake in shares of Facebook by 119.2% in the fourth quarter. Ancora Advisors LLC now owns 9,410 shares of the social networking company’s stock worth $1,083,000 after buying an additional 5,117 shares in the last quarter. Paulson & CO. Inc. bought a new stake in shares of Facebook during the fourth quarter worth $20,824,000. Scge Management L.P. bought a new stake in shares of Facebook during the fourth quarter worth $34,515,000. Banco Santander S.A. bought a new stake in shares of Facebook during the fourth quarter worth $3,059,000. Finally, Guggenheim Capital LLC increased its stake in shares of Facebook by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,461,770 shares of the social networking company’s stock worth $168,175,000 after buying an additional 31,573 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Shares of Facebook, Inc. (NASDAQ:FB) traded up 0.5643% during mid-day trading on Friday, hitting $168.3447. The stock had a trading volume of 8,363,818 shares. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The firm has a 50 day moving average of $161.08 and a 200-day moving average of $147.16. The stock has a market cap of $488.91 billion, a P/E ratio of 37.6779 and a beta of 0.70.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Equities research analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on FB shares. UBS AG reaffirmed a “buy” rating and issued a $165.00 target price on shares of Facebook in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $175.00 target price on shares of Facebook in a research note on Wednesday, April 19th. Aegis raised their target price on shares of Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Instinet reaffirmed a “buy” rating and issued a $165.00 target price on shares of Facebook in a research note on Saturday, April 22nd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of Facebook in a research note on Monday, April 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $182.00.

In other Facebook news, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $144.67, for a total transaction of $30,236.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $148.03, for a total value of $2,368,480.00. Following the transaction, the insider now directly owns 221,328 shares in the company, valued at approximately $32,763,183.84. The disclosure for this sale can be found here. Insiders sold 10,221,076 shares of company stock worth $1,613,683,519 over the last ninety days. Corporate insiders own 19.08% of the company’s stock.

Facebook Company 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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