Viking Fund Management LLC increased its position in shares of Facebook Inc (NASDAQ:FB) by 100.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,000 shares of the social networking company’s stock after buying an additional 1,000 shares during the period. Viking Fund Management LLC’s holdings in Facebook were worth $302,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. First Financial Corp IN increased 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 increased 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 increased 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 increased 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 increased 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. Institutional investors and hedge funds own 57.60% of the company’s stock.

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

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 24.25% and a net margin of 41.78%. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue was up 44.8% compared to the same quarter last year. Equities research analysts predict that Facebook Inc will post $5.33 EPS for the current year.

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Several equities analysts have weighed in on FB shares. UBS AG restated a “buy” rating and set a $165.00 target price on shares of Facebook in a report on Wednesday, April 19th. Robert W. Baird restated an “outperform” rating and set a $163.00 target price on shares of Facebook in a report on Thursday, May 4th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $154.73 target price for the company in a report on Wednesday, May 17th. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Mizuho restated a “buy” rating on shares of Facebook in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $182.00.

In other news, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $144.67, for a total transaction of $30,236.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $171.88, for a total value of $128,910.00. Following the transaction, the vice president now owns 82,406 shares in the company, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,221,076 shares of company stock worth $1,613,683,519. Company insiders own 19.08% of the company’s stock.

About Facebook

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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