Facebook, Inc. (FB) Holdings Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Facebook, Inc. (NASDAQ:FB) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,220 shares of the social networking company’s stock after acquiring an additional 6,072 shares during the quarter. Facebook accounts for 2.2% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 2nd biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Facebook were worth $15,584,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp boosted its holdings in shares of Facebook by 1.0% in the 1st quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after buying an additional 21 shares during the last quarter. Wagner Bowman Management Corp boosted its holdings in shares of Facebook by 0.5% in the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after buying an additional 25 shares during the last quarter. Keel Point LLC boosted its holdings in shares of Facebook by 1.5% in the 1st quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after buying an additional 34 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the last quarter. Finally, Somerset Group LLC boosted its holdings in shares of Facebook by 0.9% in the 1st quarter. Somerset Group LLC now owns 3,900 shares of the social networking company’s stock valued at $554,000 after buying an additional 35 shares during the last quarter. 57.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook, Inc. (FB) opened at 171.59 on Wednesday. The company has a market capitalization of $498.33 billion, a price-to-earnings ratio of 38.40 and a beta of 0.70. The company’s 50 day moving average price is $170.20 and its 200-day moving average price is $157.86. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. On average, equities analysts forecast that Facebook, Inc. will post $5.34 earnings per share for the current year.

Several equities research analysts have recently commented on FB shares. Canaccord Genuity reissued a “buy” rating and issued a $175.00 price objective on shares of Facebook in a report on Friday, June 16th. Cantor Fitzgerald set a $180.00 price target on Facebook and gave the company a “buy” rating in a report on Tuesday, June 20th. Robert W. Baird reaffirmed a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “market perform” rating and set a $170.00 price target (up previously from $150.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Deutsche Bank AG raised their price target on Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $185.38.

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In other news, CEO Mark Zuckerberg sold 268,100 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $158.52, for a total value of $42,499,212.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $173.58, for a total value of $130,185.00. Following the completion of the transaction, the vice president now owns 94,091 shares in the company, valued at $16,332,315.78. The disclosure for this sale can be found here. Insiders have sold 12,743,670 shares of company stock worth $2,094,328,523 over the last quarter. 19.08% of the stock is owned by company insiders.

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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