Traders Buy Shares of Facebook, Inc. (FB) on Weakness Following Insider Selling

Investors purchased shares of Facebook, Inc. (NASDAQ:FB) on weakness during trading hours on Thursday after an insider sold shares in the company. $468.09 million flowed into the stock on the tick-up and $402.44 million flowed out of the stock on the tick-down, for a money net flow of $65.65 million into the stock. Of all stocks tracked, Facebook had the 15th highest net in-flow for the day. Facebook traded down ($0.99) for the day and closed at $180.87Specifically, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $179.29, for a total transaction of $134,467.50. Following the completion of the transaction, the vice president now owns 86,296 shares of the company’s stock, valued at approximately $15,472,009.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $179.63, for a total value of $2,874,080.00. Following the transaction, the insider now directly owns 56,622 shares of the company’s stock, valued at approximately $10,171,009.86. The disclosure for this sale can be found here. Insiders have sold a total of 5,906,671 shares of company stock worth $1,042,295,487 over the last quarter. Company insiders own 17.23% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $202.00 target price for the company in a research report on Tuesday, November 7th. Aegis boosted their target price on Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada boosted their target price on Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays PLC boosted their target price on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group LLC boosted their target price on Facebook to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $197.95.

The firm has a market cap of $528,450.25, a PE ratio of 35.04, a P/E/G ratio of 1.16 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. Facebook’s revenue was up 47.3% on a year-over-year basis. research analysts expect that Facebook, Inc. will post 5.86 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of FB. Institutional & Family Asset Management LLC purchased a new stake in shares of Facebook during the third quarter worth about $513,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Facebook during the third quarter worth about $22,763,000. Public Employees Retirement System of Ohio grew its position in shares of Facebook by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,681,240 shares of the social networking company’s stock worth $287,273,000 after purchasing an additional 8,878 shares in the last quarter. Hartline Investment Corp grew its position in shares of Facebook by 16.8% during the third quarter. Hartline Investment Corp now owns 33,974 shares of the social networking company’s stock worth $5,805,000 after purchasing an additional 4,881 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of Facebook by 868.7% during the third quarter. GSA Capital Partners LLP now owns 23,975 shares of the social networking company’s stock worth $4,097,000 after purchasing an additional 21,500 shares in the last quarter. 57.44% of the stock is currently owned by institutional investors.

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Facebook Company Profile

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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