Facebook, Inc. (FB) Holdings Boosted by Norinchukin Bank The

Norinchukin Bank The raised its position in Facebook, Inc. (NASDAQ:FB) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,574 shares of the social networking company’s stock after buying an additional 14,839 shares during the period. Facebook accounts for about 1.0% of Norinchukin Bank The’s investment portfolio, making the stock its 11th biggest position. Norinchukin Bank The’s holdings in Facebook were worth $58,686,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Country Trust Bank raised its stake in shares of Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares during the last quarter. Armbruster Capital Management Inc. raised its stake in shares of Facebook by 358.4% in the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after acquiring an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management bought a new position in shares of Facebook in the fourth quarter worth about $103,000. Price Wealth Management Inc. bought a new position in shares of Facebook in the fourth quarter worth about $105,000. Finally, Goodman Financial Corp bought a new position in shares of Facebook in the fourth quarter worth about $115,000. Hedge funds and other institutional investors own 58.67% of the company’s stock.

A number of brokerages have weighed in on FB. Royal Bank of Canada boosted their target price on shares of Facebook to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. UBS set a $214.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and issued a $225.00 target price (up from $220.00) on shares of Facebook in a research note on Thursday, February 1st. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, forty have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $217.37.

In other news, CEO Mark Zuckerberg sold 140,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $153.55, for a total value of $21,527,710.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan Koum sold 1,253,906 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The disclosure for this sale can be found here. Insiders sold 12,678,454 shares of company stock valued at $2,232,384,900 in the last ninety days. Insiders own 17.23% of the company’s stock.

Shares of NASDAQ:FB opened at $182.68 on Friday. Facebook, Inc. has a 52 week low of $182.76 and a 52 week high of $184.60. The company has a market capitalization of $533.82 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 0.99 and a beta of 0.78.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.44. Facebook had a net margin of 40.03% and a return on equity of 27.74%. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was up 49.0% on a year-over-year basis. equities research analysts forecast that Facebook, Inc. will post 7.64 EPS for the current fiscal year.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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