Tocqueville Asset Management L.P. raised its position in Facebook Inc. (NASDAQ:FB) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,065 shares of the social networking company’s stock after buying an additional 1,025 shares during the period. Facebook comprises approximately 1.2% of Tocqueville Asset Management L.P.’s holdings, making the stock its 11th largest position. Tocqueville Asset Management L.P.’s holdings in Facebook were worth $103,009,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FB. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock valued at $116,000 after buying an additional 96 shares in the last quarter. Orinda Asset Management LLC bought a new position in shares of Facebook during the third quarter valued at about $126,000. Bartlett & Co. LLC increased its position in shares of 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 period. Balentine LLC increased its position in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 56.19% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) opened at 120.87 on Wednesday. The stock has a 50 day moving average price of $125.02 and a 200-day moving average price of $122.59. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a market capitalization of $348.37 billion, a P/E ratio of 46.60 and a beta of 0.76.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. The company earned $7 billion during the quarter, compared to analyst estimates of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. Facebook’s revenue was up 55.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. Equities research analysts expect that Facebook Inc. will post $4.09 EPS for the current year.

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Several brokerages recently issued reports on FB. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $185.00 price objective on shares of Facebook in a research report on Wednesday, October 5th. Nomura reiterated a “buy” rating and issued a $155.00 price objective on shares of Facebook in a research report on Tuesday, October 18th. Mizuho reaffirmed a “buy” rating and set a $150.00 price target on shares of Facebook in a research report on Tuesday, October 4th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $162.00 price target on shares of Facebook in a research report on Thursday, November 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 price target on shares of Facebook in a research report on Wednesday, October 12th. One equities research 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $150.70.

In related news, Director Jan Koum sold 237,699 shares of the company’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $120.45, for a total value of $28,630,844.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David B. Fischer sold 35,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $130.32, for a total value of $4,561,200.00. Following the completion of the transaction, the vice president now directly owns 204,686 shares in the company, valued at $26,674,679.52. The disclosure for this sale can be found here. Company 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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