Facebook, Inc. (FB) Stake Boosted by IFC Holdings Incorporated FL

IFC Holdings Incorporated FL lifted its stake in Facebook, Inc. (NASDAQ:FB) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,129 shares of the social networking company’s stock after purchasing an additional 3,122 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Facebook were worth $4,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hartford Financial Management Inc. raised its position in Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares during the last quarter. Enterprise Financial Services Corp raised its position in Facebook by 1.0% in the 1st quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after buying an additional 21 shares during the last quarter. Wagner Bowman Management Corp raised its position in Facebook by 0.5% in the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its position in Facebook by 2.1% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares during the last quarter. Finally, Keel Point LLC raised its position in Facebook by 1.5% in the 1st quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock worth $325,000 after buying an additional 34 shares during the last quarter. 57.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook, Inc. (FB) opened at 177.88 on Monday. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $178.21. The stock has a market cap of $516.60 billion, a P/E ratio of 39.81 and a beta of 0.70. The company has a 50 day moving average price of $171.57 and a 200 day moving average price of $160.60.

In other Facebook news, VP David B. Fischer sold 50,533 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $169.95, for a total value of $8,588,083.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total value of $123,157.50. Following the completion of the transaction, the vice president now directly owns 92,591 shares in the company, valued at $15,204,368.11. The disclosure for this sale can be found here. Insiders sold 5,706,683 shares of company stock worth $973,058,572 in the last quarter. 19.08% of the stock is owned by insiders.

A number of equities analysts have weighed in on the company. Cowen and Company reissued an “outperform” rating and issued a $195.00 target price on shares of Facebook in a research report on Thursday, August 10th. Citigroup Inc. reissued a “buy” rating and issued a $200.00 target price on shares of Facebook in a research report on Wednesday, September 27th. FBN Securities reissued an “outperform” rating and issued a $120.00 target price on shares of Facebook in a research report on Wednesday, September 27th. Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $185.00 target price (up previously from $163.00) on shares of Facebook in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and a consensus target price of $185.89.

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Facebook Company Profile

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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