Traders Sell Facebook (FB) on Strength (FB)

Investors sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading hours on Tuesday. $451.75 million flowed into the stock on the tick-up and $610.41 million flowed out of the stock on the tick-down, for a money net flow of $158.66 million out of the stock. Of all equities tracked, Facebook had the 3rd highest net out-flow for the day. Facebook traded up $0.61 for the day and closed at $142.16

Several equities analysts recently commented on the stock. ValuEngine raised shares of Facebook from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Argus dropped their price objective on shares of Facebook from $210.00 to $206.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Morgan Stanley dropped their price objective on shares of Facebook from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, October 31st. Raymond James dropped their price objective on shares of Facebook from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Finally, Rosenblatt Securities set a $206.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $194.54.

The stock has a market capitalization of $421.11 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 0.88 and a beta of 0.55.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $13.82 billion. During the same period in the prior year, the company posted $1.59 earnings per share. Facebook’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, sell-side analysts predict that Facebook, Inc. will post 7.35 earnings per share for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 602,000 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $176.67, for a total value of $106,355,340.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $179.17, for a total transaction of $134,377.50. Following the completion of the sale, the vice president now owns 85,615 shares of the company’s stock, valued at $15,339,639.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,257,945 shares of company stock valued at $391,944,428. 16.25% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of FB. Evercore Wealth Management LLC lifted its stake in shares of Facebook by 12.5% in the third quarter. Evercore Wealth Management LLC now owns 11,201 shares of the social networking company’s stock valued at $1,842,000 after buying an additional 1,248 shares in the last quarter. OZ Management LP lifted its stake in shares of Facebook by 11.2% in the third quarter. OZ Management LP now owns 1,290,978 shares of the social networking company’s stock valued at $212,315,000 after buying an additional 129,550 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Facebook by 5.4% in the third quarter. King Luther Capital Management Corp now owns 618,519 shares of the social networking company’s stock valued at $101,722,000 after buying an additional 31,481 shares in the last quarter. Ally Financial Inc. lifted its stake in shares of Facebook by 344.4% in the third quarter. Ally Financial Inc. now owns 80,000 shares of the social networking company’s stock valued at $13,157,000 after buying an additional 62,000 shares in the last quarter. Finally, Wimmer Associates 1 LLC lifted its stake in shares of Facebook by 13.3% in the third quarter. Wimmer Associates 1 LLC now owns 4,601 shares of the social networking company’s stock valued at $757,000 after buying an additional 539 shares in the last quarter. Institutional investors and hedge funds own 60.17% 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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