Traders purchased shares of Facebook Inc (NASDAQ:FB) on weakness during trading hours on Monday after an insider sold shares in the company. $558.67 million flowed into the stock on the tick-up and $520.29 million flowed out of the stock on the tick-down, for a money net flow of $38.38 million into the stock. Of all companies tracked, Facebook had the 16th highest net in-flow for the day. Facebook traded down ($0.47) for the day and closed at $184.76Specifically, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $179.76, for a total value of $134,820.00. Following the completion of the sale, the vice president now owns 82,546 shares of the company’s stock, valued at approximately $14,838,468.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jan Koum sold 1,253,906 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total value of $221,326,948.06. The disclosure for this sale can be found here. In the last three months, insiders sold 4,467,131 shares of company stock valued at $798,223,122. 17.23% of the stock is currently owned by insiders.
Several brokerages have issued reports on FB. BidaskClub downgraded Facebook from a “buy” rating to a “hold” rating in a report on Saturday, March 3rd. Pivotal Research reaffirmed a “sell” rating and set a $152.00 price target on shares of Facebook in a report on Monday, February 12th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price target for the company in a report on Monday, February 5th. Argus raised their price target on Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Mizuho raised their price target on Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $214.70.
The stock has a market capitalization of $536,727.81, a PE ratio of 33.74, a P/E/G ratio of 0.96 and a beta of 0.64.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. research analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Regal Investment Advisors LLC grew its position in Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 18 shares during the last quarter. Aspen Investment Management Inc boosted its stake in shares of Facebook by 0.4% during the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after purchasing an additional 30 shares in the last quarter. Fort Pitt Capital Group LLC boosted its stake in shares of Facebook by 2.4% during the second quarter. Fort Pitt Capital Group LLC now owns 1,609 shares of the social networking company’s stock valued at $243,000 after purchasing an additional 38 shares in the last quarter. Regal Wealth Group Inc. boosted its stake in shares of Facebook by 3.7% during the second quarter. Regal Wealth Group Inc. now owns 1,192 shares of the social networking company’s stock valued at $180,000 after purchasing an additional 42 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its stake in shares of Facebook by 1.9% during the second quarter. Summit Financial Wealth Advisors LLC now owns 2,346 shares of the social networking company’s stock valued at $354,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 58.48% of the company’s stock.
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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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