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

Investors sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading on Wednesday following insider selling activity. $808.46 million flowed into the stock on the tick-up and $903.25 million flowed out of the stock on the tick-down, for a money net flow of $94.79 million out of the stock. Of all companies tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $2.04 for the day and closed at $166.95Specifically, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $164.29, for a total transaction of $123,217.50. Following the completion of the transaction, the vice president now directly owns 94,644 shares in the company, valued at $15,549,062.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 452,600 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $194.36, for a total value of $87,967,336.00. The disclosure for this sale can be found here. Insiders have sold 7,859,098 shares of company stock valued at $1,505,338,540 in the last ninety days. Company insiders own 17.23% of the company’s stock.

A number of research analysts recently commented on FB shares. BidaskClub upgraded Facebook from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Facebook from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine upgraded Facebook from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Barclays restated a “buy” rating and issued a $190.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Finally, Macquarie restated a “buy” rating and issued a $200.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $206.65.

The stock has a market cap of $479.06 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.06 and a beta of 0.49.

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

A number of large investors have recently made changes to their positions in the business. Townsend & Associates Inc boosted its holdings in Facebook by 6.6% in the second quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock valued at $792,000 after acquiring an additional 254 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in Facebook by 2.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock valued at $2,462,000 after acquiring an additional 274 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in Facebook by 18.6% in the second quarter. Valmark Advisers Inc. now owns 1,797 shares of the social networking company’s stock valued at $349,000 after acquiring an additional 282 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Facebook by 8.5% in the fourth quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after acquiring an additional 284 shares during the last quarter. Finally, Harvest Group Wealth Management LLC boosted its holdings in Facebook by 2.4% in the first quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after acquiring an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 60.39% of the company’s stock.

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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