Facebook Inc (FB) is Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s 4th Largest Position
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Facebook Inc (NASDAQ:FB) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 407,213 shares of the social networking company’s stock after purchasing an additional 4,475 shares during the period. Facebook accounts for approximately 1.6% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its 4th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Facebook were worth $69,580,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Seatown Holdings Pte. Ltd. lifted its position in shares of Facebook by 18.7% during the 3rd quarter. Seatown Holdings Pte. Ltd. now owns 254,351 shares of the social networking company’s stock valued at $43,461,000 after acquiring an additional 40,000 shares during the period. BT Investment Management Ltd lifted its position in shares of Facebook by 1.5% during the 3rd quarter. BT Investment Management Ltd now owns 809,263 shares of the social networking company’s stock valued at $138,211,000 after acquiring an additional 12,273 shares during the period. Lincoln National Corp lifted its position in shares of Facebook by 17.5% during the 3rd quarter. Lincoln National Corp now owns 16,768 shares of the social networking company’s stock valued at $2,865,000 after acquiring an additional 2,502 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of Facebook during the 3rd quarter valued at $405,000. Finally, First Merchants Corp lifted its position in shares of Facebook by 74.7% during the 3rd quarter. First Merchants Corp now owns 7,050 shares of the social networking company’s stock valued at $1,204,000 after acquiring an additional 3,015 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.
A number of research firms recently issued reports on FB. Credit Suisse Group reiterated an “outperform” rating and set a $232.00 target price (up previously from $230.00) on shares of Facebook in a research report on Monday. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price target for the company in a research note on Monday, September 25th. Morgan Stanley restated an “overweight” rating and set a $195.00 price target (up previously from $190.00) on shares of Facebook in a research note on Monday, October 2nd. Wells Fargo & Co set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Atlantic Securities set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $202.85.
In related news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $175.29, for a total transaction of $131,467.50. The disclosure for this sale can be found here. Insiders sold a total of 4,182,199 shares of company stock worth $752,724,430 over the last three months. 17.23% of the stock is owned by insiders.
Shares of Facebook Inc (NASDAQ FB) opened at $187.77 on Friday. Facebook Inc has a one year low of $124.80 and a one year high of $188.90. The stock has a market cap of $545,620.00, a price-to-earnings ratio of 34.90, a PEG ratio of 1.06 and a beta of 0.68.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. equities analysts expect that Facebook Inc will post 5.86 earnings per share for the current 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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