Traders Sell Facebook, Inc. Common Stock (FB) on Strength on Insider Selling

Traders sold shares of Facebook, Inc. Common Stock (NASDAQ:FB) on strength during trading on Monday following insider selling activity. $714.87 million flowed into the stock on the tick-up and $833.62 million flowed out of the stock on the tick-down, for a money net flow of $118.75 million out of the stock. Of all equities tracked, Facebook, Inc. Common Stock had the 10th highest net out-flow for the day. Facebook, Inc. Common Stock traded up $2.82 for the day and closed at $177.46Specifically, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $186.00, for a total transaction of $139,500.00. Following the completion of the sale, the vice president now owns 93,865 shares in the company, valued at $17,458,890. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 440,000 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $186.30, for a total value of $81,972,000.00. The disclosure for this sale can be found here. Insiders sold 12,545,137 shares of company stock worth $2,435,291,940 in the last ninety days. Corporate insiders own 16.25% of the company’s stock.

Several equities analysts have weighed in on FB shares. Wedbush restated an “outperform” rating and set a $275.00 price target on shares of Facebook, Inc. Common Stock in a report on Friday, July 20th. Oppenheimer restated a “buy” rating and set a $200.00 price target on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Citigroup cut Facebook, Inc. Common Stock to a “buy” rating and cut their price target for the company from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Deutsche Bank restated a “buy” rating and set a $205.00 price target on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Finally, Wells Fargo & Co restated a “buy” rating and set a $220.00 price target (down previously from $250.00) on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $209.46.

The company has a market capitalization of $507.34 billion, a PE ratio of 28.64, a P/E/G ratio of 1.12 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The business had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $13.35 billion. During the same period in the prior year, the business posted $1.32 earnings per share. Facebook, Inc. Common Stock’s revenue was up 41.9% on a year-over-year basis. research analysts anticipate that Facebook, Inc. Common Stock will post 7.08 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. BDO Wealth Advisors LLC raised its position in Facebook, Inc. Common Stock by 35.0% during the 2nd quarter. BDO Wealth Advisors LLC now owns 2,505 shares of the social networking company’s stock valued at $487,000 after purchasing an additional 649 shares in the last quarter. Bank of New York Mellon Corp raised its position in Facebook, Inc. Common Stock by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,102,171 shares of the social networking company’s stock valued at $4,294,895,000 after purchasing an additional 184,595 shares in the last quarter. Bain Capital Public Equity Management LLC bought a new stake in Facebook, Inc. Common Stock during the 2nd quarter valued at $42,774,000. Mainstay Capital Management LLC ADV raised its position in Facebook, Inc. Common Stock by 15,445.6% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 77,728 shares of the social networking company’s stock valued at $400,000 after purchasing an additional 77,228 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Facebook, Inc. Common Stock by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,620,582 shares of the social networking company’s stock valued at $314,911,000 after purchasing an additional 15,302 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Facebook, Inc. Common Stock 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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