Cypress Capital Management LLC WY held its position in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,300 shares of the social networking company’s stock at the end of the second quarter. Cypress Capital Management LLC WY’s holdings in Facebook were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Financial Corp IN boosted its position in shares of Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock worth $346,000 after buying an additional 11 shares in the last quarter. Enterprise Financial Services Corp boosted its position in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after buying an additional 21 shares in the last quarter. Cordasco Financial Network boosted its position in shares of Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock worth $288,000 after buying an additional 29 shares in the last quarter. Keel Point LLC boosted its position in shares of Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock worth $325,000 after buying an additional 34 shares in the last quarter. Finally, Donald L. Hagan LLC boosted its position in shares of Facebook by 0.8% in the first quarter. Donald L. Hagan LLC now owns 4,240 shares of the social networking company’s stock worth $602,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Facebook, Inc. (NASDAQ FB) traded up 0.41% during trading on Friday, reaching $168.08. 13,791,153 shares of the company’s stock traded hands. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The firm has a market cap of $488.14 billion, a PE ratio of 37.62 and a beta of 0.70. The firm has a 50 day moving average price of $161.50 and a 200-day moving average price of $147.44.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was up 44.8% compared to the same quarter last year. On average, analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

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A number of brokerages have commented on FB. Cowen and Company restated an “outperform” rating and set a $195.00 price objective on shares of Facebook in a research note on Thursday. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday. Pivotal Research cut Facebook from a “hold” rating to a “sell” rating in a research note on Tuesday. MKM Partners restated a “buy” rating and set a $200.00 price objective (up previously from $180.00) on shares of Facebook in a research note on Monday, August 7th. Finally, Mizuho restated a “buy” rating on shares of Facebook in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $182.00.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $148.03, for a total value of $2,368,480.00. Following the sale, the insider now directly owns 221,328 shares in the company, valued at approximately $32,763,183.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $150.10, for a total transaction of $112,575.00. Following the completion of the sale, the vice president now owns 86,761 shares in the company, valued at $13,022,826.10. The disclosure for this sale can be found here. Insiders sold a total of 10,221,076 shares of company stock worth $1,613,683,519 over the last quarter. Company 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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