Abner Herrman & Brock LLC boosted its position in shares of Facebook, Inc. (NASDAQ:FB) by 12.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,770 shares of the social networking company’s stock after purchasing an additional 3,402 shares during the period. Abner Herrman & Brock LLC’s holdings in Facebook were worth $4,495,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ledyard National Bank increased its position in shares of Facebook by 6.7% during the second quarter. Ledyard National Bank now owns 34,203 shares of the social networking company’s stock valued at $5,164,000 after acquiring an additional 2,150 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Facebook by 517.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 386,211 shares of the social networking company’s stock valued at $58,310,000 after purchasing an additional 323,648 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Facebook by 21.6% in the second quarter. Meeder Asset Management Inc. now owns 52,081 shares of the social networking company’s stock valued at $7,864,000 after purchasing an additional 9,236 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Facebook by 7.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,502 shares of the social networking company’s stock valued at $227,000 after purchasing an additional 106 shares in the last quarter. Finally, St. Johns Investment Management Company LLC grew its holdings in shares of Facebook by 6.0% in the second quarter. St. Johns Investment Management Company LLC now owns 10,225 shares of the social networking company’s stock valued at $1,544,000 after purchasing an additional 580 shares in the last quarter. 57.26% of the stock is currently owned by institutional investors.

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A number of research analysts recently weighed in on the stock. Barclays PLC restated an “overweight” rating and issued a $168.00 price objective (up previously from $160.00) on shares of Facebook in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $192.00 price objective (up previously from $175.00) on shares of Facebook in a report on Thursday, July 27th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective for the company in a report on Monday, September 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Tuesday, July 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $195.00 price target (up previously from $190.00) on shares of Facebook in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average target price of $185.38.

In other news, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction on Friday, July 28th. The stock was sold at an average price of $172.25, for a total value of $10,389,431.00. Following the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,087,069.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 248,984 shares of Facebook stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $170.69, for a total value of $42,499,078.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,393,963 shares of company stock valued at $1,563,744,456. 19.08% of the stock is currently owned by insiders.

Shares of Facebook, Inc. (FB) traded up 0.69% on Friday, hitting $173.74. The stock had a trading volume of 13,658,307 shares. The company has a market cap of $504.58 billion, a PE ratio of 38.89 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 stock’s 50-day moving average price is $170.57 and its 200 day moving average price is $158.31.

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, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, analysts predict that Facebook, Inc. will post $5.34 EPS for the current year.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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