Norinchukin Bank The increased its stake in shares of Facebook Inc (NASDAQ:FB) by 3.6% in the third quarter, Holdings Channel reports. The institutional investor owned 317,735 shares of the social networking company’s stock after buying an additional 11,094 shares during the quarter. Facebook makes up about 1.1% of Norinchukin Bank The’s portfolio, making the stock its 8th largest position. Norinchukin Bank The’s holdings in Facebook were worth $54,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FB. Janus Henderson Group PLC boosted its position in Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Vanguard Group Inc. boosted its position in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. boosted its position in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Magellan Asset Management Ltd boosted its position in Facebook by 28.4% during the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after purchasing an additional 2,361,166 shares during the period. Finally, American Century Companies Inc. boosted its position in Facebook by 19.0% during the third quarter. American Century Companies Inc. now owns 11,722,161 shares of the social networking company’s stock worth $2,002,966,000 after purchasing an additional 1,873,961 shares during the period. Institutional investors and hedge funds own 57.80% of the company’s stock.

A number of brokerages have weighed in on FB. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 target price for the company in a research report on Monday. Argus increased their target price on shares of Facebook from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho increased their target price on shares of Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Goldman Sachs Group set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Atlantic Securities set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $214.59.

In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $177.68, for a total transaction of $133,260.00. Following the transaction, the vice president now directly owns 87,341 shares of the company’s stock, valued at $15,518,748.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan Koum sold 594,246 shares of Facebook stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $179.35, for a total transaction of $106,578,020.10. The disclosure for this sale can be found here. Insiders sold 1,548,013 shares of company stock worth $278,500,923 over the last ninety days. 17.23% of the stock is currently owned by insiders.

Shares of Facebook Inc (NASDAQ:FB) opened at $180.18 on Thursday. The firm has a market cap of $538,475.31, a P/E ratio of 33.43, a P/E/G ratio of 0.97 and a beta of 0.59. Facebook Inc has a one year low of $132.44 and a one year high of $195.32.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts predict that Facebook Inc will post 7.22 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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