Buckingham Asset Management LLC increased its stake in Facebook, Inc. (NASDAQ:FB) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,663 shares of the social networking company’s stock after purchasing an additional 3,668 shares during the period. Facebook accounts for 7.3% of Buckingham Asset Management LLC’s portfolio, making the stock its largest position. Buckingham Asset Management LLC’s holdings in Facebook were worth $30,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares in the last quarter. Pacific Center for Financial Services raised its stake in Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in Facebook during the 1st quarter valued at $141,000. Finally, Vigilant Capital Management LLC raised its stake in Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares in the last quarter. 57.44% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on FB shares. Cowen Inc reaffirmed an “average” rating and set a $200.00 target price (up previously from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Wedbush reaffirmed a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Aegis reaffirmed a “buy” rating and set a $200.00 target price (up previously from $185.00) on shares of Facebook in a research note on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and set a $190.00 target price (up previously from $180.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, UBS Group AG reaffirmed a “buy” rating and set a $190.00 target price (up previously from $168.00) on shares of Facebook in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $197.95.

In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the transaction, the vice president now owns 92,591 shares in the company, valued at $15,204,368.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction on Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. Insiders sold a total of 5,906,671 shares of company stock worth $1,042,295,487 over the last 90 days. Insiders own 17.23% of the company’s stock.

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Facebook, Inc. (NASDAQ:FB) opened at $180.87 on Friday. The stock has a market capitalization of $525,573.50, a price-to-earnings ratio of 34.85, a P/E/G ratio of 1.15 and a beta of 0.67. Facebook, Inc. has a 1-year low of $114.00 and a 1-year high of $182.90.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. research analysts forecast that Facebook, Inc. will post 5.86 EPS for the current year.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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