Hanson & Doremus Investment Management lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 541 shares of the social networking company’s stock after buying an additional 75 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Facebook were worth $104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in Facebook by 13,908.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Facebook by 16.8% in the 1st quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock worth $1,464,134,000 after buying an additional 1,266,152 shares during the period. Flossbach Von Storch AG grew its position in shares of Facebook by 49.5% in the 4th quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after buying an additional 1,370,767 shares during the period. Sanders Capital LLC grew its position in shares of Facebook by 132.5% in the 4th quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after buying an additional 2,031,500 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Facebook by 10.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 3,100,000 shares of the social networking company’s stock worth $406,379,000 after buying an additional 300,000 shares during the period. Institutional investors own 61.84% of the company’s stock.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $195.13, for a total transaction of $10,732,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $194.78, for a total transaction of $146,085.00. Following the sale, the vice president now owns 99,372 shares in the company, valued at approximately $19,355,678.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,480 shares of company stock worth $56,660,885. 14.53% of the stock is owned by company insiders.

A number of analysts have recently weighed in on the stock. KeyCorp downgraded shares of Masco from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Bank of America set a $224.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Friday, July 19th. Canaccord Genuity increased their price objective on shares of Marathon Gold from C$1.80 to C$2.00 in a research report on Thursday. DZ Bank reissued a “neutral” rating on shares of Deutsche Boerse in a research report on Tuesday, April 30th. Finally, Deutsche Bank reissued a “buy” rating on shares of Continental in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $219.67.

NASDAQ FB opened at $198.59 on Monday. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66. The company has a market cap of $570.18 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.14 and a beta of 0.97. The business’s 50 day moving average price is $192.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter last year, the business earned $1.74 EPS. The firm’s revenue was up 27.6% compared to the same quarter last year. Sell-side analysts predict that Facebook, Inc. will post 8.13 earnings per share for the current fiscal year.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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