Barometer Capital Management Inc. raised its position in Facebook, Inc. (NASDAQ:FB) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 84,750 shares of the social networking company’s stock after buying an additional 5,650 shares during the period. Facebook makes up 1.3% of Barometer Capital Management Inc.’s holdings, making the stock its 28th largest position. Barometer Capital Management Inc.’s holdings in Facebook were worth $12,796,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Facebook by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,126,937 shares of the social networking company’s stock worth $1,012,382,000 after buying an additional 349,947 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock worth $954,746,000 after buying an additional 71,206 shares during the period. Canada Pension Plan Investment Board boosted its stake in 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 during the period. Finally, Rhumbline Advisers boosted its stake in Facebook by 1.5% in the first quarter. Rhumbline Advisers now owns 3,741,605 shares of the social networking company’s stock worth $531,495,000 after buying an additional 54,953 shares during the period. 57.30% of the stock is currently owned by institutional investors.

Facebook, Inc. (NASDAQ:FB) traded up 0.30% during trading on Friday, reaching $172.48. The company’s stock had a trading volume of 7,144,115 shares. The company’s 50-day moving average is $167.63 and its 200-day moving average is $151.12. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The stock has a market cap of $500.92 billion, a PE ratio of 38.60 and a beta of 0.70.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $9.19 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. Equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on FB shares. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 target price on shares of Facebook in a research report on Friday, June 16th. Vetr lowered shares of Facebook from a “buy” rating to a “hold” rating and set a $156.06 target price for the company. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, May 4th. Finally, Argus reiterated a “buy” rating and issued a $176.00 target price on shares of Facebook in a research report on Monday, May 8th. 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 has an average rating of “Buy” and an average target price of $183.74.

In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $153.74, for a total transaction of $115,305.00. Following the sale, the vice president now directly owns 89,156 shares in the company, valued at $13,706,843.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction on Friday, July 28th. The stock was sold at an average price of $172.25, for a total value of $10,389,431.00. Following the sale, the director now owns 6,311 shares in the company, valued at $1,087,069.75. The disclosure for this sale can be found here. Insiders sold 12,405,594 shares of company stock valued at $2,014,792,849 in the last three months. Insiders own 19.08% of the company’s stock.

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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