Traders Sell Shares of Facebook, Inc. (FB) on Strength (FB)

Traders sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading hours on Monday. $289.80 million flowed into the stock on the tick-up and $363.76 million flowed out of the stock on the tick-down, for a money net flow of $73.96 million out of the stock. Of all companies tracked, Facebook had the 9th highest net out-flow for the day. Facebook traded up $0.31 for the day and closed at $178.77

Several equities analysts recently issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $192.00 price target (up from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $180.74 price target on the stock in a research report on Monday, September 25th. Morgan Stanley restated an “overweight” rating and set a $195.00 price target (up from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Atlantic Securities set a $200.00 price target on Facebook and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Pivotal Research restated a “sell” rating and set a $140.00 price target on shares of Facebook in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and a consensus target price of $197.95.

The firm has a market capitalization of $519,470.00, a PE ratio of 34.38, a PEG ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. equities analysts forecast that Facebook, Inc. will post 5.81 earnings per share for the current year.

In related news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.27, for a total value of $2,884,320.00. Following the transaction, the insider now owns 49,816 shares of the company’s stock, valued at $8,980,330.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $171.15, for a total value of $128,362.50. Following the completion of the transaction, the vice president now directly owns 90,087 shares in the company, valued at approximately $15,418,390.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,093,636 shares of company stock worth $1,405,118,200. Company insiders own 19.08% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Hartford Financial Management Inc. grew its stake in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares in the last quarter. Regal Investment Advisors LLC grew its stake 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 worth $876,000 after purchasing an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC grew its stake in Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after purchasing an additional 19 shares in the last quarter. Enterprise Financial Services Corp grew its stake in Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after purchasing an additional 21 shares in the last quarter. Finally, Wagner Bowman Management Corp grew its stake in Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after purchasing an additional 25 shares in the last quarter. 57.35% of the stock is currently owned by institutional investors.

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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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