Mitsubishi UFJ Asset Management UK Ltd. Acquires 4,800 Shares of Facebook Inc (FB)
Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Facebook Inc (NASDAQ:FB) by 23.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,000 shares of the social networking company’s stock after purchasing an additional 4,800 shares during the period. Facebook makes up approximately 3.2% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 7th largest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Facebook were worth $4,411,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Country Trust Bank raised its holdings in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after acquiring an additional 479 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook in the 3rd quarter valued at approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook in the 2nd quarter valued at approximately $138,000. Stelac Advisory Services LLC acquired a new position in Facebook in the 3rd quarter valued at approximately $152,000. Finally, Liberty Capital Management Inc. acquired a new position in Facebook in the 4th quarter valued at approximately $157,000. 58.45% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $232.00 price target (up previously from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus lowered Facebook from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Barclays upped their price objective on Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $213.54.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating 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 return on equity of 26.49% and a net margin of 39.16%. equities analysts forecast that Facebook Inc will post 7.28 EPS for the current year.
In other Facebook news, CEO Mark Zuckerberg sold 220,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total value of $39,025,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the transaction, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The disclosure for this sale can be found here. Insiders sold a total of 5,593,805 shares of company stock worth $1,002,901,289 over the last quarter. Corporate insiders own 17.23% of the company’s stock.
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.
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