Lenox Wealth Management Inc. lifted its stake in Facebook, Inc. (NASDAQ:FB) by 24.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,598 shares of the social networking company’s stock after buying an additional 310 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Facebook were worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FB. Boltwood Capital Management increased its holdings in shares of Facebook by 1.0% during the 2nd quarter. Boltwood Capital Management now owns 6,758 shares of the social networking company’s stock worth $1,304,000 after buying an additional 65 shares during the last quarter. Park National Corp OH raised its holdings in shares of Facebook by 0.7% during the 2nd quarter. Park National Corp OH now owns 202,943 shares of the social networking company’s stock valued at $39,168,000 after purchasing an additional 1,427 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Facebook by 2.1% during the 2nd quarter. Private Trust Co. NA now owns 19,146 shares of the social networking company’s stock valued at $3,695,000 after purchasing an additional 387 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Facebook by 19.8% during the 2nd quarter. Baystate Wealth Management LLC now owns 4,432 shares of the social networking company’s stock valued at $855,000 after purchasing an additional 734 shares in the last quarter. Finally, Private Asset Management Inc. bought a new position in shares of Facebook during the 2nd quarter valued at $212,000. Hedge funds and other institutional investors own 63.17% of the company’s stock.

In related news, CAO Susan J.S. Taylor sold 1,134 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total value of $210,300.30. Following the sale, the chief accounting officer now directly owns 1,037 shares in the company, valued at approximately $192,311.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 237,823 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $182.75, for a total value of $43,462,153.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,681,364 shares of company stock worth $867,172,511. 14.53% of the stock is currently owned by corporate insiders.

FB has been the topic of several recent analyst reports. ValuEngine downgraded shares of Facebook from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Bank of America set a $224.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Friday, July 19th. DZ Bank reiterated a “buy” rating on shares of Facebook in a report on Thursday, October 31st. BidaskClub upgraded shares of Facebook from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $205.00 target price (up previously from $180.00) on shares of Facebook in a report on Monday, October 28th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $228.33.

Shares of NASDAQ FB traded up $0.42 during trading on Friday, reaching $190.84. The company had a trading volume of 10,760,700 shares, compared to its average volume of 16,776,678. The stock 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. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The business’s 50 day moving average price is $185.37 and its 200-day moving average price is $187.27.

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

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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