Smith Chas P & Associates PA Cpas lifted its position in Facebook, Inc. (NASDAQ:FB) by 0.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,994 shares of the social networking company’s stock after purchasing an additional 2 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Facebook were worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its holdings in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares during the period. Halbert Hargrove Russell LLC lifted its holdings in Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares during the period. Enterprise Financial Services Corp lifted its holdings in Facebook by 1.0% during the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after buying an additional 21 shares during the period. Wagner Bowman Management Corp lifted its holdings in Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC lifted its holdings in Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 57.35% of the company’s stock.

In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $171.15, for a total transaction of $128,362.50. Following the transaction, the vice president now directly owns 90,087 shares in the company, valued at $15,418,390.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $167.02, for a total transaction of $2,672,320.00. Following the transaction, the insider now owns 219,332 shares in the company, valued at $36,632,830.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,093,636 shares of company stock valued at $1,405,118,200. 19.08% of the stock is owned by corporate insiders.

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Shares of Facebook, Inc. (FB) opened at $178.46 on Monday. The stock has a market cap of $518,570.00, a price-to-earnings ratio of 34.38, a PEG ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a 1 year low of $113.55 and a 1 year high of $182.90.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. analysts predict that Facebook, Inc. will post 5.81 EPS for the current year.

FB has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on Facebook and gave the company a “buy” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. increased their price objective on Facebook from $170.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Morgan Stanley set a $200.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. JMP Securities reissued an “outperform” rating and issued a $195.00 target price (up from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Wedbush set a $225.00 target price on Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $197.95.

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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