Investors Sell Facebook (FB) on Strength (FB)

Investors sold shares of Facebook Inc (NASDAQ:FB) on strength during trading hours on Thursday. $678.48 million flowed into the stock on the tick-up and $772.43 million flowed out of the stock on the tick-down, for a money net flow of $93.95 million out of the stock. Of all stocks tracked, Facebook had the 7th highest net out-flow for the day. Facebook traded up $1.08 for the day and closed at $178.99

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Facebook to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. UBS Group set a $214.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and issued a $225.00 price objective (up from $220.00) on shares of Facebook in a report on Thursday, February 1st. Finally, JMP Securities set a $235.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, February 1st. One 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 company. The stock has an average rating of “Buy” and a consensus target price of $214.70.

The firm has a market cap of $519,970.00, a PE ratio of 33.21, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58.

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

In related news, VP Colin Stretch sold 750 shares of Facebook 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 transaction, the vice president now owns 84,246 shares in the company, valued at approximately $14,456,613.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jan Koum sold 1,253,906 shares of Facebook 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. In the last 90 days, insiders have sold 2,762,530 shares of company stock worth $490,711,179. Corporate insiders own 17.23% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Country Trust Bank grew its holdings in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares during the last quarter. Armbruster Capital Management Inc. grew its holdings in Facebook by 358.4% in the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after acquiring an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management bought a new stake in Facebook in the 4th quarter worth $103,000. Price Wealth Management Inc. bought a new stake in Facebook in the 4th quarter worth $105,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in Facebook in the 3rd quarter worth $111,000. Institutional investors own 57.32% of the company’s stock.

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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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