Schaper Benz & Wise Investment Counsel Inc. WI Has $2.72 Million Position in Facebook Inc (NASDAQ:FB)

Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Facebook Inc (NASDAQ:FB) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,990 shares of the social networking company’s stock after acquiring an additional 3,370 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Facebook were worth $2,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FB. Arcadia Investment Management Corp MI raised its stake in Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the last quarter. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% in the 2nd 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 during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Facebook by 4.4% in the 2nd 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 during the last quarter. Pacific Center for Financial Services raised its stake in Facebook by 10.7% in the 1st 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 during the last quarter. Finally, Crow Point Partners LLC purchased a new position in Facebook in the 2nd quarter worth $142,000. 57.86% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on FB. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $202.00 target price for the company in a research note on Tuesday, November 7th. Aegis raised their target price on Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada increased their price target on Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays increased their price target on 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 increased their price target on Facebook to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and a consensus target price of $199.18.

Facebook Inc (NASDAQ FB) traded down $3.63 on Monday, reaching $171.47. 24,435,570 shares of the company’s stock were exchanged, compared to its average volume of 16,918,066. Facebook Inc has a twelve month low of $114.77 and a twelve month high of $184.25. The stock has a market cap of $498,260.00, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the company posted $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. equities research analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other news, VP David B. Fischer sold 16,621 shares of Facebook stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total transaction of $3,050,119.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $171.59, for a total transaction of $128,692.50. Following the sale, the vice president now directly owns 94,841 shares in the company, valued at approximately $16,273,767.19. The disclosure for this sale can be found here. Insiders sold a total of 5,195,772 shares of company stock worth $924,706,968 over the last three months. Corporate insiders own 17.23% of the company’s stock.

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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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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