Cedar Capital LLC lowered its stake in shares of Facebook Inc (NASDAQ:FB) by 20.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the social networking company’s stock after selling 895 shares during the period. Cedar Capital LLC’s holdings in Facebook were worth $528,000 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 company. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares in the last quarter. Pacific Center for Financial Services increased its position in shares of Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Facebook during the first quarter worth about $141,000. Finally, Vigilant Capital Management LLC increased its position in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 58.17% of the company’s stock.

In related news, CEO Mark Zuckerberg sold 232,138 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.08, for a total transaction of $42,499,825.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the sale, the insider now owns 194,666 shares in the company, valued at $33,313,192.58. The disclosure for this sale can be found here. Insiders have sold a total of 5,195,772 shares of company stock worth $924,706,968 over the last 90 days. 17.23% of the stock is currently owned by corporate insiders.

Shares of Facebook Inc (NASDAQ:FB) opened at $175.10 on Friday. The company has a market cap of $514,851.06, a P/E ratio of 34.14, a P/E/G ratio of 1.13 and a beta of 0.69. Facebook Inc has a 52 week low of $114.30 and a 52 week high of $184.25.

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 Zacks’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. analysts forecast that Facebook Inc will post 5.86 EPS for the current year.

Several research firms have recently commented on FB. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 target price for the company in a research report on Tuesday, November 7th. Aegis upped their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada upped their price objective on shares of Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays upped their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group upped their price objective on shares of Facebook to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $199.18.

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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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