Bokf Na increased its stake in Facebook, Inc. (NASDAQ:FB) by 13.2% during the 1st quarter, HoldingsChannel reports. The firm owned 130,103 shares of the social networking company’s stock after buying an additional 15,166 shares during the period. Bokf Na’s holdings in Facebook were worth $21,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of FB. Glovista Investments LLC purchased a new stake in Facebook during the 1st quarter valued at $557,000. Cornerstone Wealth Management LLC grew its holdings in shares of Facebook by 9.7% in the first quarter. Cornerstone Wealth Management LLC now owns 12,053 shares of the social networking company’s stock worth $2,010,000 after acquiring an additional 1,062 shares during the period. Pictet Asset Management Ltd. grew its holdings in shares of Facebook by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 1,899,108 shares of the social networking company’s stock worth $316,771,000 after acquiring an additional 8,228 shares during the period. Summit X LLC increased its position in Facebook by 6.7% during the first quarter. Summit X LLC now owns 19,310 shares of the social networking company’s stock valued at $3,246,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Edgewood Management LLC lifted its holdings in Facebook by 12.7% in the first quarter. Edgewood Management LLC now owns 8,975,079 shares of the social networking company’s stock valued at $1,497,043,000 after acquiring an additional 1,010,960 shares during the period. 65.14% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FB traded down $2.14 during trading hours on Wednesday, reaching $230.58. The stock had a trading volume of 11,944,790 shares, compared to its average volume of 23,909,596. The stock has a market capitalization of $663.04 billion, a PE ratio of 31.47, a PEG ratio of 1.68 and a beta of 1.17. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $240.90. The company has a 50 day moving average price of $204.73 and a two-hundred day moving average price of $198.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. During the same period last year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts predict that Facebook, Inc. will post 7.27 EPS for the current year.

In other news, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total value of $266,951.05. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares in the company, valued at approximately $703,008.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO David B. Fischer sold 13,103 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $225.21, for a total value of $2,950,926.63. The disclosure for this sale can be found here. Insiders sold a total of 68,591 shares of company stock valued at $14,817,278 over the last three months. Corporate insiders own 14.14% of the company’s stock.

Several research firms have recently commented on FB. Wedbush reaffirmed an “outperform” rating and set a $250.00 price target on shares of Facebook in a research report on Thursday, April 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $230.00 target price (up from $185.00) on shares of Facebook in a report on Thursday, April 30th. MKM Partners increased their price target on shares of Facebook from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Goldman Sachs Group boosted their price objective on shares of Facebook from $170.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Citigroup upped their price objective on Facebook from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and an average price target of $242.74.

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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