Traders Sell Shares of Facebook (FB) on Strength (FB)

Investors sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading on Monday. $578.68 million flowed into the stock on the tick-up and $625.85 million flowed out of the stock on the tick-down, for a money net flow of $47.17 million out of the stock. Of all companies tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $2.48 for the day and closed at $165.41

Several research analysts have recently issued reports on FB shares. JPMorgan Chase & Co. reiterated a “$210.91” rating and issued a $242.00 target price on shares of Facebook in a research note on Monday, July 23rd. Barclays reiterated a “buy” rating and issued a $190.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Macquarie reiterated a “buy” rating and issued a $200.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $226.00 target price on the stock in a research note on Tuesday, June 26th. Finally, BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus target price of $206.89.

The stock has a market cap of $480.52 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 1.06 and a beta of 0.49.

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

In other Facebook news, CEO Mark Zuckerberg sold 493,615 shares of the company’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $195.67, for a total transaction of $96,585,647.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $194.74, for a total transaction of $146,055.00. Following the sale, the vice president now directly owns 90,115 shares of the company’s stock, valued at $17,548,995.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,401,663 shares of company stock worth $1,611,684,065. 16.25% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Stansberry Asset Management LLC purchased a new stake in shares of Facebook in the fourth quarter worth $1,602,000. Commerce Bank increased its stake in shares of Facebook by 0.5% in the fourth quarter. Commerce Bank now owns 373,816 shares of the social networking company’s stock worth $65,963,000 after purchasing an additional 1,719 shares in the last quarter. Carnegie Capital Asset Management LLC increased its stake in shares of Facebook by 5.3% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 54,742 shares of the social networking company’s stock worth $9,922,000 after purchasing an additional 2,731 shares in the last quarter. Caldera Capital LLC purchased a new stake in shares of Facebook in the fourth quarter worth $3,821,000. Finally, Eagle Global Advisors LLC increased its stake in shares of Facebook by 22.8% in the fourth quarter. Eagle Global Advisors LLC now owns 79,502 shares of the social networking company’s stock worth $14,029,000 after purchasing an additional 14,785 shares in the last quarter. 60.39% of the stock is owned by institutional investors and hedge funds.

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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