Investors Sell Shares of Facebook (FB) on Strength on Insider Selling
Traders sold shares of Facebook Inc (NASDAQ:FB) on strength during trading hours on Thursday after an insider sold shares in the company. $730.06 million flowed into the stock on the tick-up and $903.71 million flowed out of the stock on the tick-down, for a money net flow of $173.65 million out of the stock. Of all companies tracked, Facebook had the 3rd highest net out-flow for the day. Facebook traded up $4.08 for the day and closed at $180.14Specifically, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total value of $128,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David B. Fischer sold 4,699 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The disclosure for this sale can be found here. Insiders have sold a total of 5,179,772 shares of company stock worth $921,968,896 over the last three months. Insiders own 17.23% of the company’s stock.
A number of research analysts recently issued reports on FB shares. Cowen reiterated an “average” rating and set a $200.00 target price (up previously from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $190.00 target price on shares of Facebook in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Tuesday, September 26th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price on the stock in a research report on Monday, September 25th. Finally, Mizuho reiterated a “buy” rating and set a $230.00 target price on shares of Facebook in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $200.70.
The stock has a market cap of $502,210.81, a PE ratio of 33.30, a price-to-earnings-growth ratio of 1.10 and a beta of 0.69.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. equities research analysts expect that Facebook Inc will post 5.86 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. D. Scott Neal Inc. lifted its holdings in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook in the third quarter worth about $111,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares in the last quarter. Pacific Center for Financial Services lifted its holdings in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 88 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook in the second quarter worth about $138,000. Institutional investors own 57.86% of the company’s stock.
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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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