Sumitomo Mitsui Trust Holdings Inc. Has $1.85 Billion Stock Position in Facebook, Inc. (NASDAQ:FB)

Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,604,448 shares of the social networking company’s stock after acquiring an additional 101,003 shares during the period. Facebook makes up approximately 1.7% of Sumitomo Mitsui Trust Holdings Inc.’s investment portfolio, making the stock its 4th largest position. Sumitomo Mitsui Trust Holdings Inc. owned about 0.34% of Facebook worth $1,853,658,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. City Holding Co. boosted its holdings in shares of Facebook by 1.5% in the fourth quarter. City Holding Co. now owns 16,124 shares of the social networking company’s stock valued at $2,114,000 after acquiring an additional 245 shares during the period. Bridge Creek Capital Management LLC raised its stake in shares of Facebook by 6.9% during the fourth quarter. Bridge Creek Capital Management LLC now owns 8,255 shares of the social networking company’s stock worth $1,082,000 after purchasing an additional 535 shares during the last quarter. R.H. Dinel Investment Counsel Inc. purchased a new stake in shares of Facebook during the fourth quarter worth approximately $2,153,000. Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of Facebook during the fourth quarter worth approximately $1,210,000. Finally, Ayalon Holdings Ltd. raised its stake in shares of Facebook by 9.6% during the fourth quarter. Ayalon Holdings Ltd. now owns 1,142 shares of the social networking company’s stock worth $150,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 61.88% of the company’s stock.

In other news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $181.10, for a total value of $9,960,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 125,600 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $184.50, for a total value of $23,173,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 597,833 shares of company stock valued at $111,076,865. Company insiders own 14.53% of the company’s stock.

Several equities research analysts have recently commented on the company. Moffett Nathanson upgraded Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Tuesday, June 11th. Cowen restated an “outperform” rating and set a $225.00 price target (up previously from $195.00) on shares of Facebook in a research note on Thursday, April 25th. Canaccord Genuity upped their price target on Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Mizuho upped their price target on Facebook from $230.00 to $247.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Citigroup upped their price target on Facebook from $212.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $220.92.

Shares of FB stock traded down $2.31 during mid-day trading on Friday, reaching $187.85. The stock had a trading volume of 9,410,831 shares, compared to its average volume of 17,571,238. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66. The firm has a market capitalization of $528.22 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.08 and a beta of 0.99. The firm’s 50-day moving average is $195.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter last year, the business posted $1.74 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. On average, equities analysts forecast that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

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Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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