William Blair Investment Management LLC boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,575,946 shares of the social networking company’s stock after buying an additional 18,972 shares during the period. William Blair Investment Management LLC owned approximately 0.05% of Facebook worth $237,936,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI increased its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares during the period. D. Scott Neal Inc. increased its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after purchasing an additional 34 shares during the period. Pacific Center for Financial Services increased its stake in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares during the period. Finally, Watermark Asset Management Inc. purchased a new stake in Facebook in the first quarter worth $141,000. Institutional investors and hedge funds own 57.27% of the company’s stock.

Shares of Facebook, Inc. (NASDAQ:FB) opened at $178.46 on Friday. The stock has a market capitalization of $521,011.41, a price-to-earnings ratio of 34.55, a P/E/G ratio of 1.15 and a beta of 0.67. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $182.90.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. analysts expect that Facebook, Inc. will post 5.81 earnings per share for the current year.

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A number of research firms have weighed in on FB. Robert W. Baird reiterated an “outperform” rating and issued a $185.00 target price (up previously from $163.00) on shares of Facebook in a research note on Thursday, July 27th. Mizuho reissued a “buy” rating on shares of Facebook in a research report on Monday, August 7th. MKM Partners reissued a “buy” rating and set a $200.00 price target (up previously from $180.00) on shares of Facebook in a research report on Monday, August 7th. Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Macquarie set a $205.00 price target on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $197.95.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $167.02, for a total transaction of $2,672,320.00. Following the sale, the insider now owns 219,332 shares in the company, valued at approximately $36,632,830.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jan Koum sold 2,953,492 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $170.17, for a total value of $502,595,733.64. The disclosure for this sale can be found here. Insiders sold a total of 8,218,261 shares of company stock worth $1,426,368,008 in the last quarter. Company insiders own 19.08% of the company’s stock.

Facebook 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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