Alerus Financial NA lowered its holdings in shares of Facebook Inc (NASDAQ:FB) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,601 shares of the social networking company’s stock after selling 90 shares during the period. Facebook makes up 1.4% of Alerus Financial NA’s holdings, making the stock its 17th largest position. Alerus Financial NA’s holdings in Facebook were worth $9,301,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FB. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the period. Farmers & Merchants Investments Inc. increased its position in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares during the period. Pacific Center for Financial Services increased its position in shares of Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 88 shares during the period. Watermark Asset Management Inc. acquired a new position in shares of Facebook during the 1st quarter valued at $141,000. Finally, Vigilant Capital Management LLC increased its position in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the period. 58.17% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP David B. Fischer sold 16,621 shares of Facebook stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,195,772 shares of company stock valued at $924,706,968. Insiders own 17.23% of the company’s stock.

FB has been the topic of several research analyst reports. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. UBS set a $208.00 target price on Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Deutsche Bank restated a “buy” rating on shares of Facebook in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $199.18.

Facebook Inc (NASDAQ FB) opened at $175.10 on Friday. Facebook Inc has a twelve month low of $114.30 and a twelve month high of $184.25. The firm has a market capitalization of $514,851.06, a price-to-earnings ratio of 34.14, a PEG ratio of 1.13 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The business 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%. Facebook’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. sell-side analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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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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