Mitsubishi UFJ Asset Management UK Ltd. Invests $1.54 Million in Facebook, Inc. (FB)

Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of Facebook, Inc. (NASDAQ:FB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,200 shares of the social networking company’s stock, valued at approximately $1,540,000.

Several other large investors have also recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. boosted its position in Facebook by 2.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock valued at $2,462,000 after purchasing an additional 274 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Facebook by 8.5% during the fourth quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after purchasing an additional 284 shares during the last quarter. Harvest Group Wealth Management LLC boosted its position in Facebook by 2.4% during the first quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after purchasing an additional 286 shares during the last quarter. Truewealth LLC boosted its position in Facebook by 7.1% during the second quarter. Truewealth LLC now owns 4,306 shares of the social networking company’s stock valued at $837,000 after purchasing an additional 287 shares during the last quarter. Finally, Risk Paradigm Group LLC boosted its position in Facebook by 81.4% during the fourth quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock valued at $116,000 after purchasing an additional 294 shares during the last quarter. Institutional investors and hedge funds own 60.39% of the company’s stock.

In other Facebook news, CEO Mark Zuckerberg sold 720,000 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $208.56, for a total transaction of $150,163,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $160.03, for a total value of $120,022.50. Following the transaction, the vice president now owns 95,394 shares in the company, valued at approximately $15,265,901.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,352,713 shares of company stock worth $1,601,924,187. 16.25% of the stock is owned by corporate insiders.

Shares of NASDAQ FB opened at $166.95 on Thursday. The company has a market cap of $480.52 billion, a PE ratio of 27.10, a PEG ratio of 1.06 and a beta of 0.49. Facebook, Inc. has a 1-year low of $149.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). The firm had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $13.35 billion. Facebook had a return on equity of 28.16% and a net margin of 39.31%. Facebook’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. research analysts expect that Facebook, Inc. will post 7.08 EPS for the current year.

Several research analysts recently commented on FB shares. JPMorgan Chase & Co. reissued a “$210.91” rating and set a $242.00 price target on shares of Facebook in a research report on Monday, July 23rd. Barclays reissued a “buy” rating and set a $190.00 price target on shares of Facebook in a research report on Wednesday, June 27th. Macquarie reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research report on Wednesday, June 27th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $226.00 price objective for the company in a research report on Tuesday, June 26th. Finally, BidaskClub raised Facebook from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average price target of $206.65.

Facebook Company 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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