Lincoln National Corp Buys 2,502 Shares of Facebook Inc (NASDAQ:FB)

Lincoln National Corp raised its holdings in shares of Facebook Inc (NASDAQ:FB) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,768 shares of the social networking company’s stock after buying 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 SEC filing.

Several other institutional investors have also added to or reduced their stakes in FB. Vanguard Group Inc. boosted its position in shares of Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the last quarter. BlackRock Inc. lifted its position in 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 buying an additional 4,032,727 shares during the last quarter. Capital World Investors lifted its position in 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 buying an additional 833,810 shares during the last quarter. Northern Trust Corp lifted its position in 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 buying an additional 114,694 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after buying an additional 1,219,412 shares during the last quarter. 57.81% of the stock is owned by institutional investors and hedge funds.

Facebook Inc (FB) traded down $2.81 during mid-day trading on Friday, hitting $190.28. 26,680,000 shares of the company were exchanged, compared to its average volume of 21,250,000. Facebook Inc has a 12-month low of $130.30 and a 12-month high of $195.32. The stock has a market capitalization of $544,870.00, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 1.06 and a beta of 0.58.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts predict that Facebook Inc will post 6.81 earnings per share for the current year.

A number of research analysts have commented on FB shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays upped their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC upped their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Wedbush set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $214.57.

In other news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $176.85, for a total transaction of $2,829,600.00. Following the transaction, the insider now directly owns 48,407 shares in the company, valued at $8,560,777.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total transaction of $135,262.50. Following the transaction, the vice president now owns 88,091 shares in the company, valued at $15,887,211.85. The disclosure for this sale can be found here. Insiders sold 1,564,837 shares of company stock worth $281,533,757 over the last quarter. 17.23% of the stock is currently owned by insiders.

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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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