Investors Buy Shares of Facebook (FB) on Weakness

Investors bought shares of Facebook, Inc. (NASDAQ:FB) on weakness during trading hours on Wednesday. $1,173.54 million flowed into the stock on the tick-up and $930.45 million flowed out of the stock on the tick-down, for a money net flow of $243.09 million into the stock. Of all equities tracked, Facebook had the 4th highest net in-flow for the day. Facebook traded down ($3.16) for the day and closed at $137.93

Several research analysts have commented on the stock. Royal Bank of Canada restated a “buy” rating and set a $195.00 price objective on shares of Facebook in a research report on Monday, September 3rd. Robert W. Baird restated a “buy” rating and set a $195.00 price objective on shares of Facebook in a research report on Monday, September 3rd. Wells Fargo & Co restated a “buy” rating and set a $220.00 price objective on shares of Facebook in a research report on Thursday, August 23rd. Stifel Nicolaus restated a “buy” rating and set a $202.00 price objective on shares of Facebook in a research report on Thursday, August 23rd. Finally, Moffett Nathanson restated a “neutral” rating and set a $175.00 price objective on shares of Facebook in a research report on Tuesday, September 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $192.77.

The company has a market capitalization of $400.69 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 0.87 and a beta of 0.57.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The company had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Facebook’s revenue for the quarter was up 32.9% on a year-over-year basis. Equities research analysts expect that Facebook, Inc. will post 7.36 EPS for the current year.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $163.25, for a total value of $122,437.50. Following the transaction, the vice president now owns 96,144 shares in the company, valued at $15,695,508. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Susan J.S. Taylor sold 2,112 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $137.50, for a total transaction of $290,400.00. Following the completion of the transaction, the insider now owns 6,927 shares in the company, valued at approximately $952,462.50. The disclosure for this sale can be found here. In the last three months, insiders sold 518,103 shares of company stock worth $79,159,534. 17.23% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in FB. Baker Ellis Asset Management LLC acquired a new position in shares of Facebook during the third quarter valued at about $119,000. Cribstone Capital Management LLC raised its holdings in shares of Facebook by 186.2% during the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock valued at $121,000 after purchasing an additional 406 shares during the period. IMA Wealth Inc. acquired a new position in shares of Facebook during the second quarter valued at about $122,000. Trust Department MB Financial Bank N A acquired a new position in shares of Facebook during the second quarter valued at about $134,000. Finally, Aviance Capital Management LLC acquired a new position in shares of Facebook during the second quarter valued at about $151,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

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Facebook Company Profile (NASDAQ:FB)

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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