Naples Global Advisors LLC maintained its stake in shares of Facebook Inc. (NASDAQ:FB) during the third quarter, Holdings Channel reports. The firm owned 10,743 shares of the social networking company’s stock at the end of the third quarter. Naples Global Advisors LLC’s holdings in Facebook were worth $1,378,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bartlett & Co. LLC increased its stake in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock worth $128,000 after buying an additional 91 shares in the last quarter. Balentine LLC increased its stake in Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock worth $139,000 after buying an additional 1,015 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased 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 in the last quarter. West Oak Capital LLC increased its stake in Facebook by 53.3% in the third quarter. West Oak Capital LLC now owns 1,150 shares of the social networking company’s stock worth $148,000 after buying an additional 400 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in Facebook by 25.2% in the second quarter. Gradient Investments LLC now owns 1,365 shares of the social networking company’s stock worth $156,000 after buying an additional 275 shares in the last quarter. 56.19% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) traded down 2.03% on Wednesday, hitting $118.42. The company has a market capitalization of $341.31 billion, a P/E ratio of 45.65 and a beta of 0.76. The stock’s 50 day moving average price is $125.02 and its 200-day moving average price is $122.59. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.12. The company earned $7 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. Facebook’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Analysts predict that Facebook Inc. will post $4.09 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the stock. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $127.69 target price for the company in a research report on Wednesday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Facebook in a research report on Thursday, November 3rd. BTIG Research restated a “neutral” rating on shares of Facebook in a research report on Tuesday, October 18th. Cantor Fitzgerald restated a “buy” rating and issued a $160.00 target price on shares of Facebook in a research report on Monday, October 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $155.00 target price on shares of Facebook in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-four have issued a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $150.70.

In other news, COO Sheryl Sandberg sold 327,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $129.52, for a total value of $42,353,040.00. Following the completion of the sale, the chief operating officer now directly owns 4,590,248 shares in the company, valued at $594,528,920.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 741,797 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $128.07, for a total value of $95,001,941.79. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

About Facebook

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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