Dixon Hubard Feinour & Brown Inc. VA lowered its stake in shares of Facebook Inc (NASDAQ:FB) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 54,875 shares of the social networking company’s stock after selling 2,020 shares during the quarter. Facebook accounts for 2.7% of Dixon Hubard Feinour & Brown Inc. VA’s investment portfolio, making the stock its 4th largest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Facebook were worth $9,376,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Palisade Capital Management LLC NJ lifted its stake in shares of Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after purchasing an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after purchasing an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after purchasing an additional 11,940 shares during the last quarter. Finally, Birinyi Associates Inc. lifted its stake in shares of Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after purchasing an additional 3,200 shares during the last quarter. 57.80% of the stock is currently owned by institutional investors.

FB has been the topic of several research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $210.00 price objective on shares of Facebook in a report on Thursday, February 1st. KeyCorp reiterated an “overweight” rating and issued a $245.00 price objective (up previously from $220.00) on shares of Facebook in a report on Thursday, February 1st. Barclays boosted their price objective on Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $240.00 price objective (up previously from $232.00) on shares of Facebook in a report on Thursday, February 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $260.00 price objective (up previously from $230.00) on shares of Facebook in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average target price of $214.59.

Facebook Inc (FB) opened at $180.18 on Thursday. The stock has a market capitalization of $538,475.31, a PE ratio of 33.43, a PEG ratio of 0.97 and a beta of 0.59. Facebook Inc has a 1 year low of $132.44 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. research analysts predict that Facebook Inc will post 7.22 EPS for the current year.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $177.68, for a total value of $133,260.00. Following the completion of the sale, the vice president now directly owns 87,341 shares of the company’s stock, valued at approximately $15,518,748.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $179.63, for a total value of $2,874,080.00. Following the completion of the sale, the insider now directly owns 56,622 shares of the company’s stock, valued at $10,171,009.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,548,013 shares of company stock valued at $278,500,923. Insiders own 17.23% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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