Private Wealth Partners LLC increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,780 shares of the social networking company’s stock after buying an additional 4,689 shares during the quarter. Facebook comprises approximately 2.4% of Private Wealth Partners LLC’s investment portfolio, making the stock its 12th biggest position. Private Wealth Partners LLC’s holdings in Facebook were worth $14,337,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Budros Ruhlin & Roe Inc. increased its position in Facebook by 12.7% during the first quarter. Budros Ruhlin & Roe Inc. now owns 6,479 shares of the social networking company’s stock worth $1,035,000 after purchasing an additional 732 shares during the last quarter. Jones Financial Companies Lllp increased its position in Facebook by 6.4% during the first quarter. Jones Financial Companies Lllp now owns 62,019 shares of the social networking company’s stock worth $9,910,000 after purchasing an additional 3,748 shares during the last quarter. Bristol John W & Co. Inc. NY increased its position in Facebook by 72.2% during the first quarter. Bristol John W & Co. Inc. NY now owns 480,985 shares of the social networking company’s stock worth $76,857,000 after purchasing an additional 201,599 shares during the last quarter. Axel Capital Management LLC acquired a new stake in Facebook during the first quarter worth about $10,386,000. Finally, State of Tennessee Treasury Department increased its position in Facebook by 1.2% during the first quarter. State of Tennessee Treasury Department now owns 1,821,256 shares of the social networking company’s stock worth $291,019,000 after purchasing an additional 21,136 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Facebook stock opened at $144.50 on Thursday. Facebook, Inc. has a 52-week low of $126.85 and a 52-week high of $218.62. The company has a market capitalization of $412.74 billion, a P/E ratio of 23.46, a PEG ratio of 0.90 and a beta of 0.57.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The company had revenue of $13.73 billion during the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. As a group, equities research analysts forecast that Facebook, Inc. will post 7.37 EPS for the current fiscal year.

In other Facebook news, insider Susan J.S. Taylor sold 2,112 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $139.60, for a total transaction of $294,835.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $160.03, for a total transaction of $120,022.50. Following the sale, the vice president now directly owns 95,394 shares in the company, valued at approximately $15,265,901.82. The disclosure for this sale can be found here. Insiders sold 481,380 shares of company stock valued at $71,623,483 in the last quarter. 16.25% of the stock is owned by insiders.

Several brokerages have weighed in on FB. JPMorgan Chase & Co. increased their target price on shares of Facebook from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 18th. Wells Fargo & Co reaffirmed a “buy” rating and set a $220.00 target price on shares of Facebook in a research note on Thursday, August 23rd. Moffett Nathanson reaffirmed a “neutral” rating and set a $175.00 target price on shares of Facebook in a research note on Tuesday, September 4th. BidaskClub raised shares of Facebook from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, Aegis increased their target price on shares of Facebook from $206.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $191.80.

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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.

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