Signature Estate & Investment Advisors LLC increased its position in Facebook, Inc. (NASDAQ:FB) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,275 shares of the social networking company’s stock after buying an additional 4,532 shares during the period. Facebook accounts for approximately 2.1% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 11th largest position. Signature Estate & Investment Advisors LLC’s holdings in Facebook were worth $16,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Facebook by 29.0% in the first quarter. Russell Investments Group Ltd. now owns 3,643,713 shares of the social networking company’s stock worth $517,583,000 after buying an additional 818,374 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock worth $582,441,000 after buying an additional 620,686 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Facebook by 47.0% in the first quarter. DnB Asset Management AS now owns 1,433,217 shares of the social networking company’s stock worth $203,588,000 after buying an additional 458,000 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Facebook by 20.5% in the first quarter. Bank of Montreal Can now owns 2,219,970 shares of the social networking company’s stock worth $315,345,000 after buying an additional 377,731 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its stake in shares of Facebook by 165.1% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 606,238 shares of the social networking company’s stock worth $86,116,000 after buying an additional 377,547 shares in the last quarter. Institutional investors own 57.40% of the company’s stock.

Shares of Facebook, Inc. (NASDAQ FB) traded down 0.85% during trading on Friday, hitting $166.32. The stock had a trading volume of 12,614,477 shares. The company has a market cap of $483.03 billion, a PE ratio of 37.22 and a beta of 0.70. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The stock’s 50 day moving average is $166.02 and its 200-day moving average is $150.10.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the prior year, the business posted $0.97 earnings per share. Facebook’s revenue for the quarter was up 44.8% compared to the same quarter last year. Analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current year.

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A number of analysts recently issued reports on FB shares. Wedbush set a $185.00 price target on Facebook and gave the stock a “buy” rating in a research report on Thursday, May 4th. Morgan Stanley restated a “buy” rating and issued a $175.00 price target on shares of Facebook in a research report on Thursday, May 4th. Nomura set a $165.00 price target on Facebook and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. raised their price target on Facebook from $170.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, JMP Securities reiterated an “outperform” rating and issued a $195.00 target price (up previously from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $183.74.

In related news, VP David B. Fischer sold 16,298 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $168.88, for a total value of $2,752,406.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan Koum sold 3,600,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total transaction of $576,216,000.00. The disclosure for this sale can be found here. Insiders sold 12,430,602 shares of company stock worth $2,014,783,719 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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