First Capital Advisors Group LLC. acquired a new stake in Facebook Inc (NASDAQ:FB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,373 shares of the social networking company’s stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Merchants Corp grew its stake in Facebook by 74.7% during the 3rd quarter. First Merchants Corp now owns 7,050 shares of the social networking company’s stock worth $1,204,000 after purchasing an additional 3,015 shares in the last quarter. Beaumont Financial Partners LLC grew its stake in Facebook by 68.0% during the 3rd quarter. Beaumont Financial Partners LLC now owns 59,522 shares of the social networking company’s stock worth $10,171,000 after purchasing an additional 24,091 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in Facebook by 31.2% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,771 shares of the social networking company’s stock worth $303,000 after purchasing an additional 421 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Facebook by 1.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 3,363,077 shares of the social networking company’s stock worth $574,649,000 after purchasing an additional 43,350 shares in the last quarter. Finally, Morse Asset Management Inc grew its stake in Facebook by 0.9% during the 3rd quarter. Morse Asset Management Inc now owns 87,755 shares of the social networking company’s stock worth $14,995,000 after purchasing an additional 805 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Facebook Inc (NASDAQ:FB) opened at $187.77 on Friday. Facebook Inc has a 52 week low of $124.80 and a 52 week high of $188.90. The firm has a market capitalization of $545,620.00, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.

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, topping analysts’ consensus estimates of $1.28 by $0.31. The company 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%. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the transaction, the vice president now directly owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The disclosure for this sale can be found here. Insiders sold a total of 4,182,199 shares of company stock worth $752,724,430 over the last ninety days. Corporate insiders own 17.23% of the company’s stock.

Several research analysts have recently issued reports on the company. Vetr cut Facebook from a “strong-buy” rating to a “buy” rating and set a $210.22 price objective for the company. in a research report on Thursday. UBS Group set a $215.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Pivotal Research reaffirmed a “sell” rating and set a $147.00 price objective on shares of Facebook in a research report on Monday. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $230.00 price objective (up from $215.00) on shares of Facebook in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average target price of $202.85.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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