Tiaa Fsb increased its holdings in shares of Facebook Inc (NASDAQ:FB) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,277 shares of the social networking company’s stock after buying an additional 11,381 shares during the quarter. Tiaa Fsb’s holdings in Facebook were worth $19,527,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Hartford Financial Management Inc. raised its position in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after purchasing an additional 16 shares during the last quarter. Regal Investment Advisors LLC raised 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 last quarter. Halbert Hargrove Russell LLC raised 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 last quarter. Wagner Bowman Management Corp raised 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 last quarter. Finally, Dumont & Blake Investment Advisors LLC raised 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 last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $170.10, for a total transaction of $127,575.00. Following the completion of the transaction, the vice president now directly owns 92,191 shares in the company, valued at $15,681,689.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,818,239 shares of company stock valued at $861,251,645. 17.23% of the stock is owned by company insiders.

Facebook Inc (NASDAQ:FB) opened at $177.62 on Thursday. The firm has a market capitalization of $516,130.00, a price-to-earnings ratio of 33.01, a PEG ratio of 1.13 and a beta of 0.69. Facebook Inc has a 52-week low of $114.77 and a 52-week high of $184.25.

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

FB has been the subject of a number of analyst reports. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Barclays raised their price objective on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and set a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Finally, Needham & Company LLC raised their price objective on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $200.81.

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Facebook Company Profile

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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