Bedel Financial Consulting Inc. increased its position in shares of Facebook, Inc. (NASDAQ:FB) by 1.9% in the first quarter, Holdings Channel reports. The institutional investor owned 3,066 shares of the social networking company’s stock after buying an additional 57 shares during the period. Bedel Financial Consulting Inc.’s holdings in Facebook were worth $511,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FB. Cornerstone Wealth Group LLC boosted its position in Facebook by 3.0% during the first quarter. Cornerstone Wealth Group LLC now owns 1,864 shares of the social networking company’s stock valued at $311,000 after purchasing an additional 54 shares during the last quarter. National Asset Management Inc. boosted its position in Facebook by 24.2% during the first quarter. National Asset Management Inc. now owns 76,790 shares of the social networking company’s stock valued at $12,812,000 after purchasing an additional 14,950 shares during the last quarter. Gamble Jones Investment Counsel boosted its position in Facebook by 0.8% during the first quarter. Gamble Jones Investment Counsel now owns 18,159 shares of the social networking company’s stock valued at $3,029,000 after purchasing an additional 141 shares during the last quarter. Mcdaniel Terry & Co. boosted its position in Facebook by 10.7% during the first quarter. Mcdaniel Terry & Co. now owns 2,016 shares of the social networking company’s stock valued at $336,000 after purchasing an additional 195 shares during the last quarter. Finally, Toroso Investments LLC boosted its position in Facebook by 37.8% during the first quarter. Toroso Investments LLC now owns 15,531 shares of the social networking company’s stock valued at $2,591,000 after purchasing an additional 4,262 shares during the last quarter. Institutional investors and hedge funds own 65.13% of the company’s stock.

Facebook stock traded up $1.92 during mid-day trading on Friday, reaching $233.31. 13,536,487 shares of the company were exchanged, compared to its average volume of 25,035,788. The company has a fifty day simple moving average of $189.06 and a 200-day simple moving average of $195.81. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $237.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The firm has a market cap of $659.25 billion, a PE ratio of 31.71, a PEG ratio of 1.57 and a beta of 1.16.

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

In other news, CAO Susan J.S. Taylor sold 1,449 shares of Facebook stock in a transaction on Monday, February 24th. The stock was sold at an average price of $201.80, for a total value of $292,408.20. Following the transaction, the chief accounting officer now owns 2,113 shares in the company, valued at approximately $426,403.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO David B. Fischer sold 22,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $205.29, for a total value of $4,516,380.00. Following the sale, the executive now directly owns 57,503 shares in the company, valued at approximately $11,804,790.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,199 shares of company stock worth $13,967,456. Corporate insiders own 14.14% of the company’s stock.

Several research analysts recently commented on FB shares. Needham & Company LLC reissued a “hold” rating on shares of Facebook in a research report on Thursday, April 30th. Tigress Financial reissued a “buy” rating on shares of Facebook in a research report on Monday, March 30th. Argus raised their price objective on Facebook from $220.00 to $240.00 in a research report on Monday, May 4th. Raymond James raised their price objective on Facebook from $215.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Facebook in a research report on Tuesday. Two 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. Facebook currently has an average rating of “Buy” and an average target price of $240.98.

Facebook Company 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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