Lincoln National Corp raised its holdings in shares of Facebook Inc (NASDAQ:FB) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,768 shares of the social networking company’s stock after purchasing an additional 2,502 shares during the quarter. Lincoln National Corp’s holdings in Facebook were worth $2,865,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FB. D. Scott Neal Inc. lifted its holdings in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook in the second quarter worth about $138,000. Vigilant Capital Management LLC lifted its holdings in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares in the last quarter. Odey Holdings AG lifted its holdings in shares of Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after buying an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Facebook in the second quarter worth about $165,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $175.29, for a total transaction of $131,467.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The disclosure for this sale can be found here. Insiders have sold 4,182,199 shares of company stock valued at $752,724,430 over the last 90 days. Corporate insiders own 17.23% of the company’s stock.
Several research analysts recently weighed in on FB shares. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research report on Wednesday. UBS Group set a $208.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Deutsche Bank restated a “buy” rating on shares of Facebook in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $202.85.
Shares of Facebook Inc (NASDAQ FB) opened at $187.77 on Friday. The company has a market capitalization of $545,620.00, a price-to-earnings ratio of 34.90, a P/E/G ratio of 1.06 and a beta of 0.68. Facebook Inc has a 52 week low of $124.80 and a 52 week high of $188.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.
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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.
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