Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Facebook, Inc. (NASDAQ:FB) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,785 shares of the social networking company’s stock after purchasing an additional 508 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Facebook were worth $6,016,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in Facebook during the second quarter worth about $205,000. Green Square Asset Management LLC lifted its position in Facebook by 288.0% during the second quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock worth $2,738,000 after purchasing an additional 10,531 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX lifted its position in Facebook by 1.7% during the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock worth $2,362,000 after purchasing an additional 206 shares during the period. Eastern Bank lifted its position in Facebook by 16.4% during the second quarter. Eastern Bank now owns 99,117 shares of the social networking company’s stock worth $19,130,000 after purchasing an additional 13,934 shares during the period. Finally, Fayez Sarofim & Co lifted its position in Facebook by 1.0% during the second quarter. Fayez Sarofim & Co now owns 3,190,182 shares of the social networking company’s stock worth $615,707,000 after purchasing an additional 32,734 shares during the period. Hedge funds and other institutional investors own 63.17% of the company’s stock.

In other news, CRO David B. Fischer sold 12,267 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $184.12, for a total transaction of $2,258,600.04. Following the completion of the sale, the executive now directly owns 48,970 shares of the company’s stock, valued at approximately $9,016,356.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 7,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $181.95, for a total value of $1,364,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,681,364 shares of company stock valued at $867,172,511. Insiders own 14.53% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $270.00 price objective (up previously from $260.00) on shares of Facebook in a research report on Thursday, October 31st. MKM Partners reaffirmed a “buy” rating and set a $245.00 price objective (up previously from $190.00) on shares of Facebook in a research report on Friday, August 2nd. UBS Group cut their price objective on shares of Facebook from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. KeyCorp upped their price objective on shares of Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Aegis reissued a “buy” rating on shares of Facebook in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $228.33.

NASDAQ:FB traded up $0.42 during trading hours on Friday, hitting $190.84. 10,760,700 shares of the company traded hands, compared to its average volume of 16,776,678. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $185.35 and its 200-day simple moving average is $187.21. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The company has a market cap of $554.39 billion, a PE ratio of 25.21, a PEG ratio of 1.10 and a beta of 1.05.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The business had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period last year, the business earned $1.76 EPS. The business’s revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts expect that Facebook, Inc. will post 8.57 EPS for the current year.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

Further Reading: Net Income

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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