E&G Advisors LP boosted its position in shares of Facebook, Inc. (NASDAQ:FB) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,194 shares of the social networking company’s stock after purchasing an additional 300 shares during the period. E&G Advisors LP’s holdings in Facebook were worth $1,592,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Telos Capital Management Inc. grew its holdings in Facebook by 19.3% during the 2nd quarter. Telos Capital Management Inc. now owns 2,473 shares of the social networking company’s stock valued at $481,000 after purchasing an additional 400 shares during the last quarter. Northstar Group Inc. bought a new position in Facebook during the 2nd quarter valued at about $2,033,000. Pinnacle Financial Partners Inc. grew its holdings in Facebook by 6.0% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 21,110 shares of the social networking company’s stock valued at $4,103,000 after purchasing an additional 1,186 shares during the last quarter. Horan Capital Management bought a new position in Facebook during the 2nd quarter valued at about $28,302,000. Finally, GVO Asset Management Ltd grew its holdings in Facebook by 66.1% during the 2nd quarter. GVO Asset Management Ltd now owns 100,652 shares of the social networking company’s stock valued at $19,559,000 after purchasing an additional 40,052 shares during the last quarter. Institutional investors own 60.52% of the company’s stock.

FB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “$210.91” rating and issued a $242.00 target price on shares of Facebook in a research note on Monday, July 23rd. Barclays restated a “buy” rating and issued a $190.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Macquarie restated a “buy” rating and issued a $200.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $226.00 target price on the stock in a research note on Tuesday, June 26th. Finally, BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Facebook has an average rating of “Buy” and an average price target of $205.89.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $160.00, for a total value of $120,000.00. Following the completion of the transaction, the vice president now owns 92,394 shares of the company’s stock, valued at $14,783,040. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 240,000 shares of the firm’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $216.71, for a total transaction of $52,010,400.00. The disclosure for this sale can be found here. Insiders have sold 4,562,446 shares of company stock valued at $825,027,731 in the last three months. 17.23% of the stock is currently owned by corporate insiders.

NASDAQ:FB opened at $154.05 on Friday. Facebook, Inc. has a 52 week low of $149.02 and a 52 week high of $218.62. The company has a market cap of $463.12 billion, a P/E ratio of 25.01, a PEG ratio of 0.98 and a beta of 0.42.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook had a net margin of 39.31% and a return on equity of 28.16%. The firm had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. During the same period in the previous year, the company earned $1.32 EPS. The company’s revenue was up 41.9% on a year-over-year basis. As a group, equities analysts forecast that Facebook, Inc. will post 7.07 EPS for the current fiscal year.

About Facebook

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: Insider Trading

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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