Rossmore Private Capital grew its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 55.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,266 shares of the social networking company’s stock after buying an additional 6,506 shares during the period. Facebook makes up 1.1% of Rossmore Private Capital’s investment portfolio, making the stock its 25th largest holding. Rossmore Private Capital’s holdings in Facebook were worth $3,047,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Retirement Network raised its stake in Facebook by 1.4% during the first quarter. Retirement Network now owns 3,519 shares of the social networking company’s stock valued at $587,000 after buying an additional 48 shares during the last quarter. Northstar Group Inc. raised its stake in Facebook by 0.3% during the fourth quarter. Northstar Group Inc. now owns 15,059 shares of the social networking company’s stock valued at $3,092,000 after buying an additional 50 shares during the last quarter. Navellier & Associates Inc raised its stake in Facebook by 2.5% during the fourth quarter. Navellier & Associates Inc now owns 2,050 shares of the social networking company’s stock valued at $421,000 after buying an additional 50 shares during the last quarter. InterOcean Capital LLC raised its stake in Facebook by 0.8% during the fourth quarter. InterOcean Capital LLC now owns 6,688 shares of the social networking company’s stock valued at $1,373,000 after buying an additional 50 shares during the last quarter. Finally, Investors Research Corp raised its stake in Facebook by 6.9% during the first quarter. Investors Research Corp now owns 770 shares of the social networking company’s stock valued at $128,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

In other news, CRO David B. Fischer sold 11,142 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $192.00, for a total value of $2,139,264.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jennifer Newstead sold 194 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total value of $40,241.42. Following the completion of the sale, the vice president now owns 406 shares in the company, valued at $84,216.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,353 shares of company stock worth $7,519,349. Company insiders own 14.14% of the company’s stock.

Several research analysts have recently weighed in on FB shares. Mizuho boosted their price target on Facebook from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Deutsche Bank cut Facebook to a “buy” rating and decreased their price target for the stock from $280.00 to $200.00 in a research note on Tuesday, April 21st. Royal Bank of Canada boosted their price target on Facebook from $238.00 to $271.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Evercore ISI restated a “buy” rating and issued a $280.00 price target on shares of Facebook in a research note on Thursday, January 30th. Finally, MKM Partners upped their price objective on Facebook from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $240.30.

FB stock traded up $4.07 during midday trading on Friday, reaching $210.88. 19,383,154 shares of the company traded hands, compared to its average volume of 21,934,779. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $224.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. The business has a 50 day moving average of $182.40 and a 200-day moving average of $194.99. The firm has a market capitalization of $600.82 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.45 and a beta of 1.16.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.25 billion. During the same quarter last year, the company earned $1.89 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Research analysts anticipate that Facebook, Inc. will post 7.25 earnings per share for the current year.

Facebook 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.

Read More: Stocks at 52 Week High

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.