Investors Sell Facebook (FB) on Strength (FB)

Traders sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading hours on Monday. $636.70 million flowed into the stock on the tick-up and $1,024.62 million flowed out of the stock on the tick-down, for a money net flow of $387.92 million out of the stock. Of all equities tracked, Facebook had the highest net out-flow for the day. Facebook traded up $0.48 for the day and closed at $141.09

A number of equities analysts have recently weighed in on FB shares. Wells Fargo & Co set a $220.00 target price on Facebook and gave the stock a “buy” rating in a research note on Monday, October 29th. Cleveland Research reiterated a “buy” rating on shares of Facebook in a research note on Thursday, September 13th. UBS Group lowered their target price on Facebook from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. Credit Suisse Group lowered their target price on Facebook from $225.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, October 8th. Finally, Pivotal Research lowered their price objective on Facebook from $140.00 to $131.00 and set a “sell” rating on the stock in a research note on Friday, October 12th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and a consensus price target of $192.77.

The firm has a market cap of $408.47 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57.

Facebook (NASDAQ:FB) last issued its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.30. The firm had revenue of $13.73 billion for the quarter, compared to the consensus estimate of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. Research analysts forecast that Facebook, Inc. will post 7.36 EPS for the current year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $166.07, for a total transaction of $9,133,850.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $168.85, for a total value of $126,637.50. Following the sale, the vice president now directly owns 96,894 shares in the company, valued at approximately $16,360,551.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 524,153 shares of company stock worth $80,193,956. Company insiders own 16.25% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Facebook by 1.7% during the 3rd quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock worth $20,435,077,000 after buying an additional 2,132,804 shares during the period. Northern Trust Corp lifted its holdings in Facebook by 0.8% during the 2nd quarter. Northern Trust Corp now owns 26,909,979 shares of the social networking company’s stock worth $5,229,147,000 after buying an additional 224,531 shares during the period. Morgan Stanley lifted its holdings in Facebook by 3.2% during the 3rd quarter. Morgan Stanley now owns 25,517,710 shares of the social networking company’s stock worth $4,196,642,000 after buying an additional 799,081 shares during the period. Bank of New York Mellon Corp lifted its holdings in Facebook 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 worth $4,294,895,000 after buying an additional 184,595 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Facebook by 1.6% during the 3rd quarter. Jennison Associates LLC now owns 15,389,527 shares of the social networking company’s stock worth $2,530,962,000 after buying an additional 242,474 shares during the period. 58.42% of the stock is currently owned by institutional investors.

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About Facebook (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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