Alexandria Capital LLC grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,706 shares of the social networking company’s stock after buying an additional 65 shares during the quarter. Facebook comprises 1.5% of Alexandria Capital LLC’s holdings, making the stock its 18th biggest position. Alexandria Capital LLC’s holdings in Facebook were worth $5,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FB. Lodestar Investment Counsel LLC IL bought a new stake in shares of Facebook during the 1st quarter worth about $272,000. Financial Management Professionals Inc. raised its position in shares of Facebook by 7.2% during the 1st quarter. Financial Management Professionals Inc. now owns 1,491 shares of the social networking company’s stock worth $211,000 after buying an additional 100 shares in the last quarter. Vicus Capital raised its position in shares of Facebook by 89.2% during the 1st quarter. Vicus Capital now owns 6,091 shares of the social networking company’s stock worth $865,000 after buying an additional 2,872 shares in the last quarter. Telemus Capital LLC raised its position in shares of Facebook by 0.5% during the 1st quarter. Telemus Capital LLC now owns 47,960 shares of the social networking company’s stock worth $6,813,000 after buying an additional 244 shares in the last quarter. Finally, Benson Investment Management Company Inc. raised its position in shares of Facebook by 2.2% during the 1st quarter. Benson Investment Management Company Inc. now owns 18,945 shares of the social networking company’s stock worth $2,691,000 after buying an additional 415 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.

Facebook, Inc. (FB) opened at 170.87 on Friday. The company has a market cap of $496.24 billion, a price-to-earnings ratio of 38.24 and a beta of 0.76. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The stock has a 50 day moving average of $170.12 and a 200 day moving average of $154.54.

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

A number of analysts recently commented on the stock. Mizuho reiterated a “buy” rating and issued a $230.00 target price on shares of Facebook in a report on Wednesday, September 20th. Barclays PLC set a $200.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Friday, July 28th. FBN Securities reiterated an “outperform” rating and issued a $210.00 target price (up from $175.00) on shares of Facebook in a report on Sunday, July 30th. Morgan Stanley set a $190.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Atlantic Securities set a $200.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $184.95.

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In related news, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction that occurred 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 directly owns 6,311 shares in the company, valued at $1,087,069.75. 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 company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total value of $111,750.00. Following the completion of the sale, the vice president now owns 86,156 shares in the company, valued at $12,837,244. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,667,406 shares of company stock worth $2,078,665,122. Company 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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