UMB Bank N A MO raised its stake in Facebook Inc. (NASDAQ:FB) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 151,674 shares of the social networking company’s stock after buying an additional 9,302 shares during the period. UMB Bank N A MO’s holdings in Facebook were worth $17,334,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stelac Advisory Services LLC purchased a new position in shares of Facebook during the first quarter worth $106,000. Kings Point Capital Management boosted its position in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock worth $136,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Facebook by 25.2% in the second quarter. Gradient Investments LLC now owns 1,365 shares of the social networking company’s stock worth $156,000 after buying an additional 275 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Facebook by 75.0% in the second quarter. Duncker Streett & Co. Inc. now owns 1,400 shares of the social networking company’s stock worth $160,000 after buying an additional 600 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in shares of Facebook by 3.0% in the second quarter. Carroll Financial Associates Inc. now owns 1,540 shares of the social networking company’s stock worth $175,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.19% during midday trading on Friday, reaching $128.99. 12,804,420 shares of the company’s stock traded hands. The firm has a market cap of $370.42 billion, a PE ratio of 61.66 and a beta of 0.77. Facebook Inc. has a 52-week low of $89.37 and a 52-week high of $131.98. The company has a 50 day moving average of $127.57 and a 200 day moving average of $119.71.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The firm earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 59.2% on a year-over-year basis. On average, equities analysts predict that Facebook Inc. will post $3.94 EPS for the current fiscal year.

A number of brokerages recently weighed in on FB. Cowen and Company reiterated a “buy” rating and issued a $145.00 target price on shares of Facebook in a report on Sunday, July 17th. MKM Partners restated a “buy” rating on shares of Facebook in a research note on Sunday, July 24th. Deutsche Bank AG restated a “buy” rating on shares of Facebook in a research note on Sunday, July 10th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $127.69 price objective on the stock in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. set a $170.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and an average target price of $149.99.

In related news, Director Jan Koum sold 1,434,530 shares of the stock in a transaction on Monday, July 11th. The shares were sold at an average price of $118.16, for a total transaction of $169,504,064.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 15,600 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $117.71, for a total transaction of $1,836,276.00. Following the transaction, the insider now directly owns 365,986 shares in the company, valued at $43,080,212.06. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.

Facebook Company Profile

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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