Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 105,307 shares of the social networking company’s stock after purchasing an additional 2,335 shares during the quarter. Facebook comprises 1.6% of Meiji Yasuda Asset Management Co Ltd.’s holdings, making the stock its 4th biggest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Facebook were worth $15,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FB. Arcadia Investment Management Corp MI boosted its position in Facebook by 20.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the last quarter. D. Scott Neal Inc. boosted its position in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the last quarter. Pacific Center for Financial Services boosted its position in Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the last quarter. Finally, Watermark Asset Management Inc. acquired a new position in Facebook during the 1st quarter worth approximately $141,000. Institutional investors and hedge funds own 57.35% of the company’s stock.

Shares of Facebook, Inc. (NASDAQ FB) opened at $179.00 on Friday. The stock has a market capitalization of $521,850.00, a price-to-earnings ratio of 34.31, a PEG ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a 1-year low of $114.00 and a 1-year high of $182.90.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. equities research analysts anticipate that Facebook, Inc. will post 5.81 EPS for the current year.

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In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $177.68, for a total value of $133,260.00. Following the sale, 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 accessible through this link. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $167.02, for a total value of $2,672,320.00. Following the completion of the sale, the insider now directly owns 219,332 shares in the company, valued at $36,632,830.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,762,164 shares of company stock worth $1,015,885,901. 19.08% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target for the company in a research report on Tuesday, November 7th. Aegis upped their price target on Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada upped their price target on Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays PLC upped their price target on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group LLC upped their price target on Facebook to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $197.95.

About Facebook

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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