Facebook, Inc. (FB) Stake Increased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC increased its position in Facebook, Inc. (NASDAQ:FB) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 244,894 shares of the social networking company’s stock after buying an additional 1,427 shares during the period. Douglas Lane & Associates LLC’s holdings in Facebook were worth $36,974,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI increased its position in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares in the last quarter. D. Scott Neal Inc. increased its position 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 worth $110,000 after buying an additional 679 shares in the last quarter. Cohen Capital Management Inc. acquired a new position in shares of Facebook during the first quarter worth $121,000. Cable Hill Partners LLC increased its position in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares in the last quarter. Finally, Pacific Center for Financial Services increased its position in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 88 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors.

Facebook, Inc. (FB) traded down 2.2293% during trading on Thursday, reaching $167.3639. The company’s stock had a trading volume of 10,935,737 shares. The stock has a market cap of $486.06 billion, a P/E ratio of 37.4584 and a beta of 0.70. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The firm’s 50-day moving average is $160.69 and its 200-day moving average is $147.01.

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

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A number of brokerages have recently weighed in on FB. UBS AG reiterated a “buy” rating and set a $165.00 price target on shares of Facebook in a report on Wednesday, April 19th. Robert W. Baird set a $185.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company reiterated an “outperform” rating and set a $195.00 price target (up previously from $180.00) on shares of Facebook in a report on Thursday, July 27th. JMP Securities set a $195.00 target price on Facebook and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, MKM Partners restated a “buy” rating and issued a $200.00 target price (up previously from $180.00) on shares of Facebook in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and a consensus target price of $182.00.

In other Facebook news, Director Jan Koum sold 3,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total transaction of $576,216,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total transaction of $30,236.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,183,113 shares of company stock valued at $1,607,154,643. 19.08% of the stock is owned by company insiders.

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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