Tokio Marine Asset Management Co. Ltd. increased its position in Facebook Inc. (NASDAQ:FB) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 146,026 shares of the social networking company’s stock after buying an additional 13,723 shares during the period. Facebook accounts for about 1.7% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 5th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Facebook were worth $16,688,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FB. State Street Corp raised its position in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock worth $9,792,722,000 after buying an additional 1,950,433 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Facebook by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 58,452,390 shares of the social networking company’s stock worth $6,669,418,000 after buying an additional 1,308,609 shares during the period. Geode Capital Management LLC raised its position in Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock worth $2,210,464,000 after buying an additional 690,650 shares during the last quarter. BlackRock Group LTD raised its position in Facebook by 6.8% in the first quarter. BlackRock Group LTD now owns 16,756,749 shares of the social networking company’s stock worth $1,911,945,000 after buying an additional 1,073,491 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Facebook by 2.8% in the first quarter. UBS Asset Management Americas Inc. now owns 13,054,915 shares of the social networking company’s stock worth $1,489,566,000 after buying an additional 350,810 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) traded down 1.04% during mid-day trading on Tuesday, hitting $128.88. The stock had a trading volume of 17,507,891 shares. The company has a market cap of $370.10 billion, a PE ratio of 61.61 and a beta of 0.77. Facebook Inc. has a one year low of $89.37 and a one year high of $131.98. The firm’s 50-day moving average price is $127.76 and its 200 day moving average price is $119.94.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.15. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The firm earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 59.2% on a year-over-year basis. On average, equities research analysts anticipate that Facebook Inc. will post $3.94 EPS for the current year.

A number of research analysts recently weighed in on the stock. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $127.69 price target on the stock in a research report on Wednesday, August 3rd. Tigress Financial raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $114.33 price target on the stock in a research report on Thursday, June 30th. Jefferies Group reissued a “buy” rating on shares of Facebook in a research report on Monday, July 18th. Evercore ISI reissued a “buy” rating and set a $155.00 price target on shares of Facebook in a research report on Tuesday, July 26th. Finally, Citigroup Inc. raised their price target on shares of Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus price target of $149.99.

In other Facebook news, CTO Michael Todd Schroepfer sold 51,283 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $117.30, for a total value of $6,015,495.90. Following the completion of the sale, the chief technology officer now directly owns 579,862 shares in the company, valued at approximately $68,017,812.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 37,217 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $117.18, for a total value of $4,361,088.06. Following the completion of the sale, the insider now owns 377,357 shares of the company’s stock, valued at $44,218,693.26. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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