Lakeview Capital Partners LLC Has $1.21 Million Stake in Facebook Inc (FB)

Lakeview Capital Partners LLC reduced its position in shares of Facebook Inc (NASDAQ:FB) by 10.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,088 shares of the social networking company’s stock after selling 795 shares during the period. Facebook makes up approximately 1.0% of Lakeview Capital Partners LLC’s portfolio, making the stock its 23rd largest position. Lakeview Capital Partners LLC’s holdings in Facebook were worth $1,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. grew its position in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. State Street Corp grew its position in shares of Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after purchasing an additional 1,536,158 shares during the last quarter. Capital World Investors grew its position in shares of Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on FB shares. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Needham & Company LLC upped their price objective on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Canaccord Genuity upped their price objective on shares of Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, forty-two have given a buy rating and four have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $202.71.

Facebook Inc (NASDAQ:FB) opened at $187.84 on Thursday. The firm has a market capitalization of $545,830.00, a P/E ratio of 34.91, a PEG ratio of 1.06 and a beta of 0.68. Facebook Inc has a 12-month low of $124.06 and a 12-month high of $188.90.

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

In related news, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total value of $132,172.50. Following the completion of the sale, the vice president now owns 82,096 shares in the company, valued at $14,467,778.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,144,182 shares of company stock valued at $745,583,697. 17.23% of the stock is currently owned by company insiders.

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About Facebook

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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