Insight Capital Research & Management Inc. grew its holdings in Facebook, Inc. (NASDAQ:FB) by 108.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,982 shares of the social networking company’s stock after purchasing an additional 15,598 shares during the period. Facebook comprises 2.7% of Insight Capital Research & Management Inc.’s portfolio, making the stock its 2nd largest position. Insight Capital Research & Management Inc.’s holdings in Facebook were worth $4,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FB. Arcadia Investment Management Corp MI increased its holdings in shares of Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after purchasing an additional 120 shares during the period. D. Scott Neal Inc. increased its holdings in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the period. Cohen Capital Management Inc. acquired a new position in shares of Facebook in the 1st quarter valued at about $121,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares during the period. Finally, Cable Hill Partners LLC increased its holdings in shares of Facebook by 9.5% in the 1st quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 79 shares during the period. Institutional investors own 57.30% of the company’s stock.

Facebook, Inc. (FB) traded up 0.03% on Friday, hitting $172.02. The company’s stock had a trading volume of 11,677,589 shares. 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 $499.58 billion, a PE ratio of 38.50 and a beta of 0.76. The firm has a 50 day moving average of $167.98 and a 200-day moving average of $151.39.

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

WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/03/insight-capital-research-management-inc-has-4-53-million-stake-in-facebook-inc-fb.html.

Several equities research analysts recently commented on FB shares. Instinet reissued a “buy” rating on shares of Facebook in a research note on Friday, June 2nd. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $157.52 price target for the company in a research note on Wednesday, May 31st. Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of Facebook in a research note on Monday, May 8th. Argus reissued a “buy” rating and issued a $176.00 price target on shares of Facebook in a research note on Monday, May 8th. Finally, Aegis reissued a “buy” rating on shares of Facebook in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $183.74.

In related news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $153.08, for a total transaction of $2,449,280.00. Following the completion of the sale, the insider now directly owns 206,428 shares of the company’s stock, valued at $31,599,998.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $153.74, for a total value of $115,305.00. Following the sale, the vice president now directly owns 89,156 shares of the company’s stock, valued at $13,706,843.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,109,977 shares of company stock valued at $2,135,308,136. Company insiders own 19.08% of the company’s stock.

Facebook Company Profile

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Stock Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related stocks with our FREE daily email newsletter.