Miracle Mile Advisors LLC lifted its position in Facebook, Inc. (NASDAQ:FB) by 14.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,656 shares of the social networking company’s stock after acquiring an additional 212 shares during the period. Miracle Mile Advisors LLC’s holdings in Facebook were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. increased its position in shares of Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the period. Halbert Hargrove Russell LLC grew its position in Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after purchasing an additional 19 shares during the period. Enterprise Financial Services Corp grew its position in Facebook by 1.0% during the 1st quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after purchasing an additional 21 shares during the period. Wagner Bowman Management Corp grew its position in Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after purchasing an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC grew its position in Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after purchasing an additional 30 shares during the period. 57.35% of the stock is currently owned by hedge funds and other institutional investors.

FB has been the topic of several analyst reports. Cowen and Company reaffirmed an “average” rating and set a $200.00 price target (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Deutsche Bank AG increased their price target on Facebook from $185.00 to $189.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 price target on Facebook and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target (up from $165.00) on shares of Facebook in a research report on Wednesday, July 19th. Finally, Macquarie set a $175.00 price target on Facebook and gave the stock a “buy” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $197.95.

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In other news, CEO Mark Zuckerberg sold 248,984 shares of Facebook stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $170.69, for a total transaction of $42,499,078.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total transaction of $135,262.50. Following the sale, the vice president now directly owns 88,091 shares of the company’s stock, valued at $15,887,211.85. The disclosure for this sale can be found here. Insiders sold a total of 8,093,636 shares of company stock valued at $1,405,118,200 in the last quarter. 19.08% of the stock is owned by insiders.

Shares of Facebook, Inc. (NASDAQ FB) opened at $178.46 on Monday. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $182.90. The firm has a market cap of $518,570.00, a P/E ratio of 34.38, a P/E/G ratio of 1.14 and a beta of 0.67.

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

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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