Magee Thomson Investment Partners LLC increased its stake in Facebook, Inc. (NASDAQ:FB) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 76,000 shares of the social networking company’s stock after buying an additional 1,540 shares during the period. Facebook accounts for about 4.2% of Magee Thomson Investment Partners LLC’s holdings, making the stock its 9th largest position. Magee Thomson Investment Partners LLC’s holdings in Facebook were worth $10,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Bank & Trust acquired a new stake in Facebook during the fourth quarter valued at about $850,000. Exencial Wealth Advisors LLC raised its stake in Facebook by 0.9% in the fourth quarter. Exencial Wealth Advisors LLC now owns 48,737 shares of the social networking company’s stock valued at $5,607,000 after buying an additional 456 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Facebook during the fourth quarter valued at about $328,688,000. Arthur M. Cohen & Associates LLC acquired a new stake in Facebook during the fourth quarter valued at about $1,635,000. Finally, Wrapmanager Inc. raised its stake in Facebook by 0.9% in the fourth quarter. Wrapmanager Inc. now owns 5,946 shares of the social networking company’s stock valued at $684,000 after buying an additional 52 shares during the last quarter. Institutional investors own 57.66% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook, Inc. (NASDAQ FB) opened at 152.87 on Tuesday. The stock has a market capitalization of $443.04 billion, a PE ratio of 38.87 and a beta of 0.66. The company’s 50 day moving average is $150.77 and its 200-day moving average is $137.08. Facebook, Inc. has a 1-year low of $108.23 and a 1-year high of $155.59.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.16. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.83 billion. During the same period last year, the business earned $0.77 earnings per share. Facebook’s revenue was up 49.2% compared to the same quarter last year. Analysts forecast that Facebook, Inc. will post $4.85 earnings per share for the current fiscal year.

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Several analysts have issued reports on FB shares. Robert W. Baird restated an “outperform” rating on shares of Facebook in a research report on Tuesday, March 7th. Wells Fargo & Company restated an “overweight” rating on shares of Facebook in a research report on Wednesday, April 19th. J P Morgan Chase & Co upped their price target on shares of Facebook from $170.00 to $182.00 and gave the company an “overweight” rating in a research report on Thursday, May 4th. Aegis restated a “buy” rating on shares of Facebook in a research report on Monday, May 22nd. Finally, Instinet restated a “buy” rating on shares of Facebook in a research report on Saturday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and three have given a strong buy rating to the company. Facebook currently has an average rating of “Buy” and a consensus target price of $164.40.

In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $140.57, for a total transaction of $105,427.50. Following the completion of the transaction, the vice president now owns 83,580 shares of the company’s stock, valued at $11,748,840.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jan Koum sold 3,200,000 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $150.27, for a total transaction of $480,864,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,569,744 shares of company stock valued at $973,945,236. 19.08% of the stock is owned by company insiders.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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