Facebook, Inc. (FB) Stake Held by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. maintained its position in shares of Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,935 shares of the social networking company’s stock at the close of the 2nd quarter. Lee Danner & Bass Inc.’s holdings in Facebook were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI boosted its stake in shares of Facebook by 20.0% in the first 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 period. D. Scott Neal Inc. boosted its stake 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 acquiring an additional 679 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of Facebook by 4.4% in the second 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 period. Pacific Center for Financial Services boosted its stake in shares of Facebook by 10.7% in the first 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 period. Finally, Crow Point Partners LLC bought a new position in shares of Facebook in the second quarter worth about $142,000. 57.26% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook, Inc. (FB) opened at 172.74 on Thursday. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The stock has a market cap of $501.67 billion, a price-to-earnings ratio of 38.66 and a beta of 0.70. The firm has a 50-day moving average price of $170.28 and a 200-day moving average price of $157.97.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter last year, the business earned $0.97 earnings per share. Facebook’s revenue was up 44.8% compared to the same quarter last year. Equities analysts expect that Facebook, Inc. will post $5.34 EPS for the current fiscal year.

A number of equities analysts recently commented on FB shares. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reissued a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research note on Wednesday. Finally, Macquarie set a $175.00 price target on Facebook and gave the company a “buy” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $185.38.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, October 9th. The shares were sold at an average price of $172.89, for a total value of $2,766,240.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jan Koum sold 3,600,000 shares of Facebook stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total transaction of $576,216,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,475,570 shares of company stock worth $2,051,829,311. 19.08% of the stock is owned by company 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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