Haverford Trust Co. boosted its position in Facebook Inc (NASDAQ:FB) by 43.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,592 shares of the social networking company’s stock after acquiring an additional 1,086 shares during the period. Haverford Trust Co.’s holdings in Facebook were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FB. Hartford Financial Management Inc. grew its stake in shares of Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after buying an additional 16 shares during the period. Regal Investment Advisors LLC grew its stake in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after buying an additional 18 shares during the period. Halbert Hargrove Russell LLC grew its stake in shares of Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after buying an additional 19 shares during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after acquiring an additional 30 shares in the last quarter. Finally, Aspen Investment Management Inc lifted its holdings in shares of Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares in the last quarter. 57.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook Inc (FB) opened at $176.11 on Friday. The stock has a market cap of $511,741.88, a PE ratio of 28.64, a PEG ratio of 0.92 and a beta of 0.59. Facebook Inc has a 12 month low of $132.55 and a 12 month high of $195.32.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. research analysts forecast that Facebook Inc will post 7.22 earnings per share for the current year.

In related news, Director Peter Thiel sold 160,805 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the sale, the director now owns 6,311 shares of the company’s stock, valued at approximately $1,129,037.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jan Koum sold 594,246 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $179.35, for a total transaction of $106,578,020.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,548,013 shares of company stock worth $278,500,923. Company insiders own 17.23% of the company’s stock.

FB has been the topic of several recent research reports. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Friday, October 20th. Barclays lifted their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Atlantic Securities set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average target price of $214.59.

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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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