ClariVest Asset Management LLC increased its position in Facebook Inc. (NASDAQ:FB) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 728,749 shares of the social networking company’s stock after buying an additional 1,508 shares during the period. Facebook accounts for 2.5% of ClariVest Asset Management LLC’s holdings, making the stock its 2nd largest position. ClariVest Asset Management LLC’s holdings in Facebook were worth $83,282,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Stelac Advisory Services LLC acquired a new position in Facebook during the first quarter valued at $106,000. Bartlett & Co. LLC increased its position in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares during the last quarter. Kings Point Capital Management increased its position in Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC increased its position in Facebook by 25.2% in the second quarter. Gradient Investments LLC now owns 1,365 shares of the social networking company’s stock valued at $156,000 after buying an additional 275 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its position in Facebook by 75.0% in the second quarter. Duncker Streett & Co. Inc. now owns 1,400 shares of the social networking company’s stock valued at $160,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 56.63% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) traded down 0.27% during midday trading on Monday, hitting $127.54. 11,351,681 shares of the stock traded hands. The company has a 50-day moving average of $128.34 and a 200-day moving average of $120.39. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $131.98. The stock has a market cap of $366.25 billion, a PE ratio of 60.97 and a beta of 0.77.

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

Several equities analysts have recently weighed in on FB shares. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $136.45 target price for the company in a research note on Monday, September 12th. Societe Generale set a $80.00 price objective on shares of Facebook and gave the company a “sell” rating in a research report on Thursday, July 7th. Robert W. Baird upgraded shares of Facebook to a “buy” rating in a research report on Monday, July 18th. Citigroup Inc. raised their price objective on shares of Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, September 19th. Finally, Macquarie restated an “outperform” rating and issued a $155.00 price objective on shares of Facebook in a research report on Monday, October 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and an average price target of $150.30.

In other Facebook news, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $121.08, for a total value of $1,888,848.00. Following the completion of the sale, the insider now owns 388,392 shares of the company’s stock, valued at $47,026,503.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David B. Fischer sold 31,500 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $123.58, for a total value of $3,892,770.00. Following the completion of the sale, the vice president now directly owns 218,648 shares of the company’s stock, valued at approximately $27,020,519.84. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

About Facebook

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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