First American Trust FSB bought a new stake in Facebook, Inc. Common Stock (NASDAQ:FB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,060 shares of the social networking company’s stock, valued at approximately $7,784,000. Facebook, Inc. Common Stock makes up 1.8% of First American Trust FSB’s holdings, making the stock its 12th largest position.

A number of other institutional investors also recently modified their holdings of FB. Marble Arch Investments LP raised its stake in shares of Facebook, Inc. Common Stock by 40.8% during the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock valued at $72,209,000 after acquiring an additional 130,900 shares during the last quarter. Knott David M bought a new position in shares of Facebook, Inc. Common Stock during the first quarter valued at $3,196,000. Natixis raised its stake in shares of Facebook, Inc. Common Stock by 420.1% during the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock valued at $126,232,000 after acquiring an additional 638,106 shares during the last quarter. Immersion Capital LLP bought a new position in shares of Facebook, Inc. Common Stock during the first quarter valued at $65,194,000. Finally, Lee Financial Co raised its stake in shares of Facebook, Inc. Common Stock by 25.0% during the first quarter. Lee Financial Co now owns 5,562 shares of the social networking company’s stock valued at $888,000 after acquiring an additional 1,112 shares during the last quarter. Hedge funds and other institutional investors own 60.42% of the company’s stock.

FB has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed a “$210.91” rating and set a $242.00 price target on shares of Facebook, Inc. Common Stock in a research note on Monday, July 23rd. Barclays reissued a “buy” rating and set a $190.00 target price on shares of Facebook, Inc. Common Stock in a research note on Wednesday, June 27th. Macquarie reissued a “buy” rating and set a $200.00 target price on shares of Facebook, Inc. Common Stock in a research note on Wednesday, June 27th. Zacks Investment Research raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating and set a $226.00 target price for the company in a research note on Tuesday, June 26th. Finally, BidaskClub raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Facebook, Inc. Common Stock has a consensus rating of “Buy” and a consensus target price of $207.96.

In other news, CEO Mark Zuckerberg sold 240,000 shares of Facebook, Inc. Common Stock stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $201.74, for a total transaction of $48,417,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $195.53, for a total transaction of $10,754,150.00. The disclosure for this sale can be found here. Insiders have sold 10,300,078 shares of company stock valued at $1,991,797,235 over the last quarter. Corporate insiders own 16.25% of the company’s stock.

FB opened at $162.00 on Thursday. Facebook, Inc. Common Stock has a 1-year low of $149.02 and a 1-year high of $218.62. The firm has a market capitalization of $473.63 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 1.04 and a beta of 0.49.

Facebook, Inc. Common Stock (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.01). The company had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period last year, the firm posted $1.32 earnings per share. equities research analysts predict that Facebook, Inc. Common Stock will post 7.08 EPS for the current year.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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