Vigilant Capital Management LLC lifted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 991 shares of the social networking company’s stock after acquiring an additional 150 shares during the period. Vigilant Capital Management LLC’s holdings in Facebook were worth $150,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Eqis Capital Management Inc. increased its position in shares of Facebook by 17.3% during the second quarter. Eqis Capital Management Inc. now owns 15,296 shares of the social networking company’s stock worth $2,309,000 after acquiring an additional 2,251 shares in the last quarter. Abner Herrman & Brock LLC increased its position in shares of Facebook by 12.9% during the second quarter. Abner Herrman & Brock LLC now owns 29,770 shares of the social networking company’s stock worth $4,495,000 after acquiring an additional 3,402 shares in the last quarter. Ledyard National Bank increased its position in shares of Facebook by 6.7% during the second quarter. Ledyard National Bank now owns 34,203 shares of the social networking company’s stock worth $5,164,000 after acquiring an additional 2,150 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Facebook by 517.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 386,211 shares of the social networking company’s stock worth $58,310,000 after acquiring an additional 323,648 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Facebook by 21.6% during the second quarter. Meeder Asset Management Inc. now owns 52,081 shares of the social networking company’s stock worth $7,864,000 after acquiring an additional 9,236 shares in the last quarter. 57.26% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Vigilant Capital Management LLC Acquires 150 Shares of Facebook, Inc. (FB)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/06/vigilant-capital-management-llc-acquires-150-shares-of-facebook-inc-fb.html.

In related news, Director Peter Thiel sold 60,316 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $172.25, for a total value of $10,389,431.00. Following the completion of the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,087,069.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Todd Schroepfer sold 37,914 shares of the stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $154.43, for a total transaction of $5,855,059.02. Following the completion of the transaction, the insider now directly owns 856,491 shares of the company’s stock, valued at $132,267,905.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,900,933 shares of company stock valued at $2,118,781,506. Insiders own 19.08% of the company’s stock.

Facebook, Inc. (NASDAQ FB) traded up 0.25% during mid-day trading on Friday, reaching $171.67. 8,949,371 shares of the company’s stock were exchanged. The firm has a market capitalization of $498.56 billion, a P/E ratio of 38.42 and a beta of 0.70. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The company’s 50-day moving average is $169.79 and its 200 day moving average is $156.90.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Equities analysts predict that Facebook, Inc. will post $5.34 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on FB shares. Canaccord Genuity reissued a “buy” rating and set a $175.00 target price on shares of Facebook in a research report on Friday, June 16th. Cantor Fitzgerald set a $180.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Robert W. Baird reissued a “buy” rating and set a $185.00 target price on shares of Facebook in a research report on Friday, September 1st. Moffett Nathanson reissued a “buy” rating on shares of Facebook in a research report on Friday, June 9th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $170.00 target price (up from $150.00) on shares of Facebook in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $185.38.

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)

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.