Meridian Management Co. grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,786 shares of the social networking company’s stock after purchasing an additional 185 shares during the quarter. Facebook makes up about 1.5% of Meridian Management Co.’s holdings, making the stock its 16th biggest position. Meridian Management Co.’s holdings in Facebook were worth $3,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FB. SOL Capital Management CO grew its position in Facebook by 48.2% in the fourth quarter. SOL Capital Management CO now owns 2,245 shares of the social networking company’s stock worth $294,000 after acquiring an additional 730 shares in the last quarter. Meritage Portfolio Management grew its position in Facebook by 113.2% in the fourth quarter. Meritage Portfolio Management now owns 61,142 shares of the social networking company’s stock worth $8,016,000 after acquiring an additional 32,462 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Facebook by 10.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 3,100,000 shares of the social networking company’s stock worth $406,379,000 after acquiring an additional 300,000 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in Facebook by 3.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 52,996 shares of the social networking company’s stock worth $6,947,000 after acquiring an additional 2,002 shares in the last quarter. Finally, Tandem Investment Advisors Inc. purchased a new position in Facebook in the fourth quarter worth $229,000. 62.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FB traded up $0.81 during trading on Wednesday, reaching $184.62. 4,913,187 shares of the stock traded hands, compared to its average volume of 17,668,508. The stock has a 50-day moving average of $194.28 and a two-hundred day moving average of $180.70. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The stock has a market cap of $524.09 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. Sell-side analysts expect that Facebook, Inc. will post 7.96 earnings per share for the current year.

In related news, CEO Mark Zuckerberg sold 125,600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $184.50, for a total transaction of $23,173,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO David B. Fischer sold 11,572 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $180.28, for a total transaction of $2,086,200.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,088,886 shares of company stock worth $202,031,242. 14.53% of the stock is owned by insiders.

Several analysts have weighed in on FB shares. Cowen reissued an “outperform” rating and issued a $225.00 price target (up from $195.00) on shares of Facebook in a research note on Thursday, April 25th. Argus boosted their price target on shares of Facebook from $206.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. JMP Securities boosted their price target on shares of Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price target on shares of Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Moffett Nathanson raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $220.92.

About Facebook

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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