Asset Management One Co. Ltd. increased its stake in Facebook, Inc. Common Stock (NASDAQ:FB) by 1.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,807,299 shares of the social networking company’s stock after purchasing an additional 41,316 shares during the quarter. Facebook, Inc. Common Stock comprises about 1.4% of Asset Management One Co. Ltd.’s holdings, making the stock its 6th largest position. Asset Management One Co. Ltd.’s holdings in Facebook, Inc. Common Stock were worth $608,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FB. Dowling & Yahnke LLC lifted its holdings in Facebook, Inc. Common Stock by 0.6% during the 4th quarter. Dowling & Yahnke LLC now owns 43,370 shares of the social networking company’s stock worth $7,653,000 after buying an additional 270 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Facebook, Inc. Common Stock by 8.5% during the 4th quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock worth $640,000 after buying an additional 284 shares during the last quarter. Harvest Group Wealth Management LLC lifted its holdings in Facebook, Inc. Common Stock by 2.4% during the 1st quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock worth $1,986,000 after buying an additional 286 shares during the last quarter. Risk Paradigm Group LLC lifted its holdings in Facebook, Inc. Common Stock by 81.4% during the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock worth $116,000 after buying an additional 294 shares during the last quarter. Finally, Security National Trust Co. lifted its holdings in Facebook, Inc. Common Stock by 2.3% during the 1st quarter. Security National Trust Co. now owns 13,327 shares of the social networking company’s stock worth $2,129,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Shares of FB stock opened at $173.80 on Friday. Facebook, Inc. Common Stock has a 1 year low of $149.02 and a 1 year high of $218.62. The firm has a market cap of $523.66 billion, a PE ratio of 28.30, a PEG ratio of 1.15 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The firm had revenue of $13.23 billion for the quarter, compared to analyst estimates of $13.35 billion. During the same quarter last year, the business posted $1.32 earnings per share. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. sell-side analysts predict that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

Several analysts recently issued reports on the company. Bank of America reissued a “buy” rating and issued a $205.00 price target on shares of Facebook, Inc. Common Stock in a report on Tuesday, August 7th. MKM Partners cut their price target on Facebook, Inc. Common Stock to $230.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Zacks Investment Research downgraded Facebook, Inc. Common Stock from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 31st. JMP Securities cut their price target on Facebook, Inc. Common Stock from $235.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Finally, ValuEngine downgraded Facebook, Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $209.46.

In related news, insider Christopher K. Cox sold 10,600 shares of Facebook, Inc. Common Stock stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $184.83, for a total value of $1,959,198.00. Following the transaction, the insider now directly owns 137,482 shares in the company, valued at approximately $25,410,798.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Wehner sold 4,761 shares of Facebook, Inc. Common Stock stock in a transaction on Monday, May 21st. The stock was sold at an average price of $184.90, for a total value of $880,308.90. Following the completion of the transaction, the chief financial officer now owns 77,279 shares in the company, valued at $14,288,887.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,271,334 shares of company stock worth $2,576,976,314. 16.25% of the stock is owned by insiders.

About Facebook, Inc. Common Stock

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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