Facebook, Inc. (NASDAQ:FB) saw a large increase in short interest in the month of April. As of April 13th, there was short interest totalling 32,081,266 shares, an increase of 7.3% from the March 30th total of 29,902,968 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 42,040,438 shares, the short-interest ratio is currently 0.8 days.
In related news, VP David B. Fischer sold 17,830 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $184.35, for a total transaction of $3,286,960.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan Koum sold 1,253,906 shares of the company’s stock in a transaction that occurred 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 ninety days, insiders have sold 8,351,229 shares of company stock valued at $1,448,257,907. 17.23% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Country Trust Bank lifted 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 valued at $100,000 after buying an additional 479 shares in the last quarter. Armbruster Capital Management Inc. lifted 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 valued at $101,000 after buying an additional 448 shares in the last quarter. Taylor Hoffman Wealth Management bought a new position in shares of Facebook in the fourth quarter valued at $103,000. Price Wealth Management Inc. bought a new position in shares of Facebook in the fourth quarter valued at $105,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook in the third quarter valued at about $111,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FB opened at $174.16 on Friday. Facebook has a 52 week low of $144.42 and a 52 week high of $195.32. The firm has a market capitalization of $463,899.47, a PE ratio of 28.27, a PEG ratio of 0.88 and a beta of 0.79.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. sell-side analysts anticipate that Facebook will post 7.11 earnings per share for the current year.
FB has been the subject of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of Facebook in a research report on Thursday, February 1st. Vetr cut shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 price objective for the company. in a research report on Wednesday, January 3rd. Evercore ISI lowered their price objective on shares of Facebook from $205.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, April 10th. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Macquarie reiterated a “buy” rating and set a $200.00 price objective on shares of Facebook in a research report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $211.60.
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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