Rikoon Group LLC maintained its stake in shares of Facebook Inc (NASDAQ:FB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,809 shares of the social networking company’s stock at the end of the second quarter. Rikoon Group LLC’s holdings in Facebook were worth $877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Blue Fin Capital Inc. increased its position in Facebook by 1.7% during the first quarter. Blue Fin Capital Inc. now owns 25,044 shares of the social networking company’s stock worth $3,557,000 after acquiring an additional 411 shares during the period. Winch Advisory Services LLC increased its position in Facebook by 11.9% during the first quarter. Winch Advisory Services LLC now owns 21,079 shares of the social networking company’s stock worth $2,994,000 after acquiring an additional 2,239 shares during the period. C WorldWide Group Holding A S increased its position in Facebook by 8.0% during the first quarter. C WorldWide Group Holding A S now owns 2,888,006 shares of the social networking company’s stock worth $410,242,000 after acquiring an additional 213,758 shares during the period. Webster Bank N. A. increased its position in Facebook by 3.8% during the first quarter. Webster Bank N. A. now owns 28,076 shares of the social networking company’s stock worth $3,988,000 after acquiring an additional 1,038 shares during the period. Finally, Eads & Heald Investment Counsel increased its position in Facebook by 8.6% during the first quarter. Eads & Heald Investment Counsel now owns 16,452 shares of the social networking company’s stock worth $2,337,000 after acquiring an additional 1,309 shares during the period. 57.86% of the stock is currently owned by institutional investors.

Shares of Facebook Inc (NASDAQ FB) opened at $178.30 on Thursday. Facebook Inc has a one year low of $114.77 and a one year high of $184.25. The firm has a market cap of $520,255.88, a P/E ratio of 34.50, a PEG ratio of 1.14 and a beta of 0.69.

Facebook (NASDAQ:FB) last posted 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. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the company posted $1.09 EPS. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. equities research analysts forecast that Facebook Inc will post 5.86 EPS for the current year.

In related news, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,027,649 shares of company stock worth $896,849,901. 17.23% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a research report on Tuesday, November 7th. Vetr lowered shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price target on the stock. in a research report on Thursday, December 7th. Aegis raised their price target on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada raised their price target on shares of Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barclays raised their price target on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Two 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’s stock. The stock presently has an average rating of “Buy” and an average price target of $200.75.

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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)

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