BKS Advisors LLC boosted its position in shares of Facebook Inc. (NASDAQ:FB) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,443 shares of the social networking company’s stock after buying an additional 133 shares during the period. Facebook comprises approximately 3.0% of BKS Advisors LLC’s holdings, making the stock its largest position. BKS Advisors LLC’s holdings in Facebook were worth $5,879,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FB. Commerce Bank increased its stake in Facebook by 25.2% in the second quarter. Commerce Bank now owns 362,752 shares of the social networking company’s stock worth $41,455,000 after buying an additional 73,124 shares in the last quarter. Icon Advisers Inc. Co. increased its stake in Facebook by 7.5% in the second quarter. Icon Advisers Inc. Co. now owns 122,250 shares of the social networking company’s stock worth $13,971,000 after buying an additional 8,550 shares in the last quarter. Brave Asset Management Inc increased its stake in Facebook by 5.1% in the second quarter. Brave Asset Management Inc now owns 7,563 shares of the social networking company’s stock worth $864,000 after buying an additional 368 shares in the last quarter. Nationwide Fund Advisors increased its stake in Facebook by 2.9% in the second quarter. Nationwide Fund Advisors now owns 1,945,109 shares of the social networking company’s stock worth $222,287,000 after buying an additional 53,957 shares in the last quarter. Finally, Bowling Portfolio Management LLC increased its stake in Facebook by 4.1% in the second quarter. Bowling Portfolio Management LLC now owns 25,016 shares of the social networking company’s stock worth $2,859,000 after buying an additional 994 shares in the last quarter. Institutional investors and hedge funds own 56.89% of the company’s stock.

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.20% on Tuesday, hitting $128.91. The stock had a trading volume of 8,110,398 shares. The stock has a 50 day moving average price of $125.81 and a 200-day moving average price of $117.89. Facebook Inc. has a 12-month low of $85.72 and a 12-month high of $131.98. The company has a market cap of $370.19 billion, a price-to-earnings ratio of 61.62 and a beta of 0.76.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.15. The company earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. Facebook’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. On average, equities analysts expect that Facebook Inc. will post $3.94 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. Citigroup Inc. boosted their price target on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley downgraded Facebook from an “in-line” rating to an “underweight” rating in a research note on Monday, September 12th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $136.45 price target for the company in a research note on Monday, September 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $170.00 price objective on shares of Facebook in a research report on Friday, September 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Facebook in a research report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $149.45.

In other news, Director Jan Koum sold 566,668 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $127.19, for a total value of $72,074,502.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $109.68, for a total value of $1,711,008.00. Following the completion of the sale, the insider now directly owns 391,186 shares of the company’s stock, valued at $42,905,280.48. The disclosure for this sale can be found here. Company insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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