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

Traders sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading hours on Friday. $320.94 million flowed into the stock on the tick-up and $384.45 million flowed out of the stock on the tick-down, for a money net flow of $63.51 million out of the stock. Of all equities tracked, Facebook had the 4th highest net out-flow for the day. Facebook traded up $1.91 for the day and closed at $182.78

A number of equities analysts recently weighed in on FB shares. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a $205.00 target price on Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Barclays PLC lifted their target price on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $185.00 target price on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC lifted their target price on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $197.95.

The company has a market cap of $525,573.50, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts predict that Facebook, Inc. will post 5.86 EPS for the current year.

In other news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total transaction of $2,874,080.00. Following the completion of the transaction, the insider now directly owns 56,622 shares in the company, valued at $10,171,009.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 254,525 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $166.97, for a total value of $42,498,039.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,906,671 shares of company stock valued at $1,042,295,487. Corporate insiders own 17.23% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FB. Mutual of America Capital Management LLC grew its position in Facebook by 2.4% in the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock valued at $40,366,000 after acquiring an additional 6,740 shares during the period. Palisade Capital Management LLC NJ grew its position in Facebook by 2.4% in the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after acquiring an additional 602 shares during the period. ING Groep NV grew its position in Facebook by 6.9% in the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after acquiring an additional 37,822 shares during the period. Grand Jean Capital Management Inc. grew its position in Facebook by 14.3% in the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock valued at $18,076,000 after acquiring an additional 15,910 shares during the period. Finally, Segment Wealth Management LLC grew its position in Facebook by 157.5% in the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock valued at $1,042,000 after acquiring an additional 4,485 shares during the period. Institutional investors and hedge funds own 57.44% 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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