Investors Buy Facebook (FB) on Weakness on Insider Selling

Traders bought shares of Facebook Inc (NASDAQ:FB) on weakness during trading on Thursday after an insider sold shares in the company. $455.50 million flowed into the stock on the tick-up and $357.35 million flowed out of the stock on the tick-down, for a money net flow of $98.15 million into the stock. Of all companies tracked, Facebook had the highest net in-flow for the day. Facebook traded down ($0.07) for the day and closed at $187.77Specifically, Director Jan Koum sold 2,600,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the transaction, the insider now owns 381,521 shares of the company’s stock, valued at $71,661,089.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,182,199 shares of company stock valued at $752,724,430. Company insiders own 17.23% of the company’s stock.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. set a $230.00 target price on Facebook and gave the company a “buy” rating in a report on Monday, January 8th. Pivotal Research restated a “sell” rating and set a $147.00 target price on shares of Facebook in a report on Monday, January 8th. Credit Suisse Group raised their target price on Facebook from $230.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Wells Fargo & Co restated an “outperform” rating and set a $230.00 target price (up from $215.00) on shares of Facebook in a report on Monday, January 8th. Finally, BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and a consensus price target of $203.72.

The company has a market cap of $521,210.00, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s quarterly revenue was up 47.3% on a year-over-year basis. equities analysts forecast that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Country Trust Bank increased its position in Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares during the period. D. Scott Neal Inc. grew its stake in shares of Facebook by 1,358.0% in the 2nd 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 position in shares of Facebook in the 3rd quarter valued at approximately $111,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook in the 2nd quarter valued at approximately $138,000. Finally, Vigilant Capital Management LLC grew its stake in shares of Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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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.

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