Investors Sell Facebook (FB) on Strength on Insider Selling

Investors sold shares of Facebook Inc (NASDAQ:FB) on strength during trading hours on Wednesday after an insider sold shares in the company. $898.93 million flowed into the stock on the tick-up and $938.15 million flowed out of the stock on the tick-down, for a money net flow of $39.22 million out of the stock. Of all equities tracked, Facebook had the 9th highest net out-flow for the day. Facebook traded up $1.90 for the day and closed at $177.91Specifically, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total value of $128,700.00. Following the completion of the sale, the vice president now directly owns 84,246 shares in the company, valued at $14,456,613.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan Koum sold 1,253,906 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total transaction of $221,326,948.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,762,530 shares of company stock valued at $490,711,179. 17.23% of the stock is currently owned by corporate insiders.

A number of research firms have commented on FB. Pivotal Research restated a “sell” rating and issued a $152.00 price target on shares of Facebook in a report on Monday, February 12th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price objective on the stock in a research note on Monday, February 5th. Argus raised their price objective on shares of Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Mizuho raised their price objective on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Goldman Sachs Group set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus target price of $214.70.

The stock has a market capitalization of $516,830.00, a PE ratio of 33.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts expect that Facebook Inc will post 7.28 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Country Trust Bank increased its stake in shares of Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares in the last quarter. Armbruster Capital Management Inc. increased its stake in shares of Facebook by 358.4% in the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after purchasing an additional 448 shares in the last quarter. Taylor Hoffman Wealth Management purchased a new position in shares of Facebook in the fourth quarter worth about $103,000. Price Wealth Management Inc. purchased a new position in shares of Facebook in the fourth quarter worth about $105,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook in the third quarter worth about $111,000. 57.32% of the stock is currently owned by institutional investors and hedge funds.

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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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