Cadence Capital Management LLC lowered its position in Facebook, Inc. (NASDAQ:FB) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,521 shares of the social networking company’s stock after selling 660 shares during the quarter. Cadence Capital Management LLC’s holdings in Facebook were worth $5,967,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its holdings in Facebook by 20.0% during 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 in the last quarter. D. Scott Neal Inc. raised its holdings in Facebook by 1,358.0% during 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 in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Facebook by 4.4% during 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 in the last quarter. Pacific Center for Financial Services raised its holdings in Facebook by 10.7% during 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 in the last quarter. Finally, Crow Point Partners LLC acquired a new stake in Facebook during the second quarter worth approximately $142,000. Institutional investors own 57.35% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total value of $135,262.50. Following the completion of the transaction, the vice president now owns 88,091 shares in the company, valued at approximately $15,887,211.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $180.27, for a total value of $2,884,320.00. Following the completion of the transaction, the insider now owns 49,816 shares of the company’s stock, valued at approximately $8,980,330.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,843,902 shares of company stock worth $1,362,490,758. 19.08% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on FB. Cowen and Company reaffirmed an “average” rating and issued a $200.00 target price (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Deutsche Bank AG lifted their target price on shares of Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of Facebook in a report on Wednesday, July 19th. Finally, Macquarie set a $175.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Monday, July 24th. 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 company. The company has an average rating of “Buy” and an average target price of $197.95.

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Facebook, Inc. (NASDAQ:FB) opened at $178.77 on Tuesday. The company has a market capitalization of $518,570.53, a price-to-earnings ratio of 34.38, a PEG ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a fifty-two week low of $113.55 and a fifty-two week high of $182.90.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. research analysts anticipate that Facebook, Inc. will post 5.81 EPS for the current fiscal year.

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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