Investors Sell Facebook, Inc. (FB) on Strength (FB)
Traders sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading on Friday. $320.94 million flowed into the stock on the tick-up and $384.45 million flowed out of the stock on the tick-down, for a money net flow of $63.51 million out of the stock. Of all equities tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $1.91 for the day and closed at $182.78
FB has been the subject of several research analyst reports. Cowen Inc restated an “average” rating and set a $200.00 price objective (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. MKM Partners restated a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Facebook in a research report on Monday, August 7th. Mizuho reiterated a “buy” rating on shares of Facebook in a report on Monday, August 7th. Oppenheimer Holdings, Inc. set a $195.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $185.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $197.95.
The stock has a market cap of $531,123.63, a P/E ratio of 35.22, a PEG ratio of 1.16 and a beta of 0.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter last year, the business posted $1.09 EPS. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. equities research analysts forecast that Facebook, Inc. will post 5.86 EPS for the current year.
In other news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the completion of the sale, the insider now owns 194,666 shares in the company, valued at approximately $33,313,192.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $166.85, for a total transaction of $125,137.50. Following the completion of the transaction, the vice president now directly owns 96,268 shares of the company’s stock, valued at $16,062,315.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,906,671 shares of company stock valued at $1,042,295,487. 17.23% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter valued at $111,000. D. Scott Neal Inc. lifted its holdings in shares of 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. lifted its holdings in shares of 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. Stelac Advisory Services LLC bought a new stake in shares of Facebook during the 3rd quarter worth $152,000. Finally, Pacific Center for Financial Services lifted its holdings in shares of 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. 57.44% of the stock is owned by institutional investors.
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Facebook Company Profile
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.
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