Traders bought shares of Facebook Inc (NASDAQ:FB) on weakness during trading hours on Tuesday after an insider sold shares in the company. $5,088.84 million flowed into the stock on the tick-up and $5,031.81 million flowed out of the stock on the tick-down, for a money net flow of $57.03 million into the stock. Of all stocks tracked, Facebook had the 3rd highest net in-flow for the day. Facebook traded down ($4.41) for the day and closed at $168.15Specifically, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total value of $132,172.50. Following the completion of the sale, the vice president now directly owns 82,096 shares in the company, valued at $14,467,778.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $178.10, for a total value of $2,849,600.00. Following the completion of the sale, the insider now owns 16,010 shares of the company’s stock, valued at $2,851,381. The disclosure for this sale can be found here. Insiders sold 5,464,805 shares of company stock valued at $981,592,439 over the last 90 days. Corporate insiders own 17.23% of the company’s stock.
Several research analysts have recently weighed in on the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective for the company in a research report on Wednesday, January 10th. Aegis upped their price objective on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and set a $220.00 price objective on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company. Facebook presently has an average rating of “Buy” and an average price target of $214.05.
The firm has a market capitalization of $537,686.44, a PE ratio of 31.20, a PEG ratio of 0.96 and a beta of 0.64.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. equities analysts anticipate that Facebook Inc will post 7.28 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Facebook by 3.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock worth $1,215,867,000 after purchasing an additional 231,883 shares during the period. Washington Trust Bank increased its stake in Facebook by 1.7% during the 4th quarter. Washington Trust Bank now owns 63,141 shares of the social networking company’s stock worth $11,142,000 after acquiring an additional 1,073 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Facebook by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after acquiring an additional 907 shares during the period. Xact Kapitalforvaltning AB increased its stake in Facebook by 2.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after acquiring an additional 11,940 shares during the period. Finally, Birinyi Associates Inc. increased its stake in Facebook by 11.7% during the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after acquiring an additional 3,200 shares during the period. 58.45% of the stock is owned by institutional investors.
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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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