ARGI Investment Services LLC decreased its position in Facebook Inc (NASDAQ:FB) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,339 shares of the social networking company’s stock after selling 224 shares during the period. ARGI Investment Services LLC’s holdings in Facebook were worth $1,108,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Harbour Capital Advisors LLC grew its position in shares of Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after acquiring an additional 2,523,918 shares during the period. State Street Corp grew its position in shares of Facebook by 1.7% during the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after acquiring an additional 1,536,158 shares during the period. Jennison Associates LLC grew its position in shares of Facebook by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after acquiring an additional 1,219,412 shares during the period. Karp Capital Management Corp grew its position in shares of Facebook by 6,222.5% during the 1st quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after acquiring an additional 882,228 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Facebook by 18.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,858,950 shares of the social networking company’s stock valued at $733,604,000 after acquiring an additional 758,700 shares during the period. Hedge funds and other institutional investors own 58.17% of the company’s stock.

FB has been the subject of a number of research reports. Cowen reissued an “average” rating and set a $200.00 target price (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. MKM Partners reissued a “buy” rating and set a $200.00 target price (up from $180.00) on shares of Facebook in a research report on Monday, August 7th. Mizuho reissued a “buy” rating on shares of Facebook in a research report on Monday, August 7th. Oppenheimer set a $195.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird set a $185.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average target price of $198.31.

In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $171.59, for a total transaction of $128,692.50. Following the sale, the vice president now owns 94,841 shares in the company, valued at approximately $16,273,767.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,195,772 shares of company stock worth $924,706,968. Corporate insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ:FB) opened at $175.13 on Thursday. Facebook Inc has a fifty-two week low of $114.00 and a fifty-two week high of $184.25. The company has a market cap of $530,077.50, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. equities analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.

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Facebook 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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