Augustine Asset Management Inc. continued to hold its stake in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the social networking company’s stock at the end of the second quarter. Augustine Asset Management Inc.’s holdings in Facebook were worth $301,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI boosted its position in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. boosted its position in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the period. Cohen Capital Management Inc. purchased a new position in shares of Facebook during the first quarter worth approximately $121,000. Cable Hill Partners LLC boosted its position in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. Finally, Pacific Center for Financial Services boosted its position in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 88 shares during the period. 57.60% of the stock is owned by hedge funds and other institutional investors.

Facebook, Inc. (FB) traded up 1.3420% during trading on Monday, hitting $171.8963. 6,883,574 shares of the stock were exchanged. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a market cap of $499.22 billion, a PE ratio of 38.4728 and a beta of 0.70. The firm’s 50-day moving average is $157.40 and its 200 day moving average is $145.43.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. Analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

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FB has been the subject of several recent research reports. UBS AG reiterated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research note on Wednesday, April 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $192.00 price objective (up previously from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Piper Jaffray Companies lifted their price objective on Facebook to $195.00 and gave the company a “positive” rating in a research note on Thursday, July 27th. Robert W. Baird set a $185.00 price objective on Facebook and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $170.00 price objective (up previously from $150.00) on shares of Facebook in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and four have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $180.91.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $151.49, for a total transaction of $113,617.50. Following the sale, the vice president now owns 79,080 shares of the company’s stock, valued at approximately $11,979,829.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,205,032 shares of company stock worth $1,610,153,882. Corporate insiders own 19.08% of the company’s stock.

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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