Advisors Asset Management Inc. increased its stake in Facebook Inc. (NASDAQ:FB) by 7.3% during the third quarter, Holdings Channel reports. The firm owned 269,786 shares of the social networking company’s stock after buying an additional 18,459 shares during the period. Facebook makes up 0.6% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 11th largest position. Advisors Asset Management Inc.’s holdings in Facebook were worth $34,605,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BP PLC increased its position in Facebook by 6.3% in the second quarter. BP PLC now owns 269,000 shares of the social networking company’s stock valued at $30,741,000 after buying an additional 16,000 shares during the period. Shelton Capital Management increased its position in Facebook by 1.8% in the second quarter. Shelton Capital Management now owns 225,224 shares of the social networking company’s stock valued at $25,739,000 after buying an additional 4,031 shares during the period. Factory Mutual Insurance Co. increased its position in Facebook by 3.1% in the second quarter. Factory Mutual Insurance Co. now owns 837,000 shares of the social networking company’s stock valued at $95,652,000 after buying an additional 25,000 shares during the period. Dorsey Wright & Associates increased its position in Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock valued at $6,162,000 after buying an additional 2,275 shares during the period. Finally, Strs Ohio increased its position in Facebook by 3.8% in the second quarter. Strs Ohio now owns 2,367,459 shares of the social networking company’s stock valued at $270,553,000 after buying an additional 86,207 shares during the period. Institutional investors and hedge funds own 56.19% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) traded down 0.740% during midday trading on Wednesday, hitting $119.975. 6,723,727 shares of the company were exchanged. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a 50 day moving average of $125.02 and a 200-day moving average of $122.59. The stock has a market capitalization of $345.79 billion, a price-to-earnings ratio of 46.251 and a beta of 0.76.

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

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Several equities analysts recently commented on FB shares. Piper Jaffray Cos. restated an “overweight” rating and set a $185.00 target price on shares of Facebook in a research report on Wednesday, October 5th. Nomura reiterated a “buy” rating and issued a $155.00 price objective on shares of Facebook in a research report on Tuesday, October 18th. Mizuho reiterated a “buy” rating and issued a $150.00 price objective on shares of Facebook in a research report on Tuesday, October 4th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $162.00 price objective on shares of Facebook in a research report on Thursday, November 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $160.00 price objective on shares of Facebook in a research report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $150.70.

In related news, VP David B. Fischer sold 35,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $130.32, for a total transaction of $4,561,200.00. Following the transaction, the vice president now owns 204,686 shares in the company, valued at $26,674,679.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $127.26, for a total transaction of $95,445.00. Following the transaction, the vice president now owns 86,890 shares in the company, valued at approximately $11,057,621.40. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.

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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