Facebook, Inc. (FB) Position Boosted by LS Investment Advisors LLC

LS Investment Advisors LLC raised its stake in Facebook, Inc. (NASDAQ:FB) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,436 shares of the social networking company’s stock after buying an additional 1,183 shares during the period. LS Investment Advisors LLC’s holdings in Facebook were worth $7,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of 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 valued at $102,000 after buying an additional 120 shares during 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 valued at $110,000 after buying an additional 679 shares during the last quarter. Cohen Capital Management Inc. purchased a new position in shares of Facebook during the first quarter valued at approximately $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 valued at $129,000 after buying an additional 79 shares during 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 valued at $129,000 after buying an additional 88 shares during the last quarter. 57.40% of the stock is currently owned by institutional investors.

Shares of Facebook, Inc. (FB) opened at 170.00 on Thursday. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a market capitalization of $493.71 billion, a price-to-earnings ratio of 38.05 and a beta of 0.70. The stock has a 50 day moving average price of $163.00 and a 200-day moving average price of $148.40.

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

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Several analysts recently weighed in on FB shares. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price target on shares of Facebook in a report on Friday, June 16th. Vetr cut shares of Facebook from a “buy” rating to a “hold” rating and set a $156.06 price target on the stock. in a report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Tuesday, June 20th. Wedbush set a $185.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Thursday, May 4th. Finally, Instinet reiterated a “buy” rating and issued a $165.00 price target on shares of Facebook in a report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $183.47.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $148.54, for a total transaction of $111,405.00. Following the completion of the transaction, the vice president now owns 90,656 shares of the company’s stock, valued at $13,466,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 279,533 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $152.04, for a total value of $42,500,197.32. The disclosure for this sale can be found here. Insiders sold a total of 9,763,626 shares of company stock valued at $1,554,401,395 over the last ninety days. 19.08% of the stock is currently owned by company insiders.

About Facebook

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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