Pegasus Partners Ltd. raised its position in Facebook Inc. (NASDAQ:FB) by 6.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,886 shares of the social networking company’s stock after buying an additional 220 shares during the period. Pegasus Partners Ltd.’s holdings in Facebook were worth $444,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FB. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock worth $140,000 after buying an additional 18 shares during the period. Roberts Glore & Co. Inc. IL raised its stake in shares of Facebook by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,044 shares of the social networking company’s stock valued at $234,000 after buying an additional 25 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of Facebook by 2.2% in the second quarter. Tortoise Investment Management LLC now owns 1,402 shares of the social networking company’s stock valued at $160,000 after buying an additional 30 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Facebook by 0.3% in the second quarter. Brighton Jones LLC now owns 14,266 shares of the social networking company’s stock valued at $1,630,000 after buying an additional 39 shares during the last quarter. Finally, Courier Capital Corp raised its stake in shares of Facebook by 1.2% in the second quarter. Courier Capital Corp now owns 3,269 shares of the social networking company’s stock valued at $374,000 after buying an additional 40 shares during the last quarter. 56.61% of the stock is owned by institutional investors.

Shares of Facebook Inc. (NASDAQ:FB) traded down 1.2996% on Friday, hitting $128.3895. 20,893,684 shares of the company traded hands. The company has a market capitalization of $368.69 billion, a PE ratio of 61.3717 and a beta of 0.76. Facebook Inc. has a 12 month low of $85.72 and a 12 month high of $131.98. The stock’s 50-day moving average price is $126.35 and its 200-day moving average price is $118.21.

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

Several brokerages recently commented on FB. JPMorgan Chase & Co. restated an “overweight” rating and set a $170.00 target price on shares of Facebook in a research report on Friday, September 9th. Loop Capital began coverage on Facebook in a research report on Thursday. They set a “buy” rating and a $165.00 target price on the stock. They noted that the move was a valuation call. Credit Agricole SA restated a “buy” rating on shares of Facebook in a research report on Friday. Robert W. Baird restated an “outperform” rating and set a $155.00 target price on shares of Facebook in a research report on Tuesday, September 6th. Finally, Vetr lowered Facebook from a “buy” rating to a “hold” rating and set a $134.63 target price on the stock. in a research report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, forty-four have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $149.75.

In other Facebook news, insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $109.68, for a total transaction of $1,711,008.00. Following the completion of the transaction, the insider now owns 391,186 shares in the company, valued at approximately $42,905,280.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan Koum sold 966,668 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $129.26, for a total transaction of $124,951,505.68. 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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