Vision Capital Management Inc. reduced its position in Facebook Inc (NASDAQ:FB) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,046 shares of the social networking company’s stock after selling 225 shares during the quarter. Vision Capital Management Inc.’s holdings in Facebook were worth $3,781,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hartford Financial Management Inc. increased its position in shares of Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC increased its position in shares of Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares during the period. Halbert Hargrove Russell LLC increased its position in shares of Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares during the period. Wagner Bowman Management Corp increased its position in shares of Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after acquiring an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC increased its position in shares of Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after acquiring an additional 30 shares during the period. 57.86% of the stock is currently owned by institutional investors.

Shares of Facebook Inc (NASDAQ FB) opened at $180.14 on Friday. Facebook Inc has a one year low of $114.77 and a one year high of $184.25. The company has a market cap of $502,210.81, a price-to-earnings ratio of 33.30, a PEG ratio of 1.10 and a beta of 0.69.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. research analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

In related news, insider Michael Todd Schroepfer sold 38,055 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $172.60, for a total transaction of $6,568,293.00. Following the completion of the transaction, the insider now owns 533,937 shares of the company’s stock, valued at $92,157,526.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jan Koum sold 2,600,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. Insiders have sold 4,932,625 shares of company stock valued at $879,469,497 over the last quarter. Insiders own 17.23% of the company’s stock.

A number of equities analysts have recently issued reports on FB shares. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a research note on Tuesday, November 7th. Vetr downgraded shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective on the stock. in a research note on Thursday. Aegis increased their price objective on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada increased their price objective on shares of Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Barclays increased their price objective on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $200.73.

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About Facebook

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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