EP Wealth Advisors LLC boosted its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 1.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 158,211 shares of the social networking company’s stock after buying an additional 2,958 shares during the quarter. Facebook, Inc. Common Stock makes up about 2.4% of EP Wealth Advisors LLC’s holdings, making the stock its 5th biggest holding. EP Wealth Advisors LLC’s holdings in Facebook, Inc. Common Stock were worth $25,281,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Facebook, Inc. Common Stock by 2.0% in the 1st quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock worth $23,830,637,000 after purchasing an additional 2,966,437 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Facebook, Inc. Common Stock by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock worth $4,478,724,000 after acquiring an additional 1,010,306 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Facebook, Inc. Common Stock by 3.1% in the 4th quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock worth $2,669,014,000 after acquiring an additional 458,048 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Facebook, Inc. Common Stock by 0.5% in the 1st quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock worth $2,067,249,000 after acquiring an additional 58,561 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Facebook, Inc. Common Stock by 4.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock worth $2,221,204,000 after acquiring an additional 558,184 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Shares of FB stock opened at $177.64 on Friday. The stock has a market cap of $515.52 billion, a P/E ratio of 28.84, a PEG ratio of 1.14 and a beta of 0.40. Facebook, Inc. Common Stock has a one year low of $149.02 and a one year high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The company had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The business’s revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. equities analysts predict that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

Several research analysts recently issued reports on FB shares. Raymond James lowered shares of Facebook, Inc. Common Stock from a “strong-buy” rating to an “outperform” rating and set a $210.00 price target for the company. in a research note on Thursday, July 26th. MKM Partners decreased their price target on shares of Facebook, Inc. Common Stock to $230.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Stifel Nicolaus increased their price target on shares of Facebook, Inc. Common Stock from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $225.00 price target on shares of Facebook, Inc. Common Stock in a research note on Monday, August 20th. Finally, Monness Crespi & Hardt decreased their price target on shares of Facebook, Inc. Common Stock from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $209.46.

In other news, insider Christopher K. Cox sold 10,600 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $194.13, for a total transaction of $2,057,778.00. Following the sale, the insider now owns 123,482 shares of the company’s stock, valued at approximately $23,971,560.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $192.32, for a total transaction of $10,577,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,389,387 shares of company stock worth $2,396,046,430. Insiders own 17.23% of the company’s stock.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Further Reading: NASDAQ

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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