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

Traders sold shares of Facebook Inc (NASDAQ:FB) on strength during trading hours on Tuesday. $692.16 million flowed into the stock on the tick-up and $846.99 million flowed out of the stock on the tick-down, for a money net flow of $154.83 million out of the stock. Of all stocks tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $4.96 for the day and closed at $181.42

A number of analysts recently commented on FB shares. Goldman Sachs Group set a $205.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC upped their price objective on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity upped their price objective on shares of Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $201.40.

The firm has a market capitalization of $537,230.00, a P/E ratio of 34.33, a P/E/G ratio of 1.03 and a beta of 0.68.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the business posted $1.09 EPS. The company’s quarterly revenue was up 47.3% on a year-over-year basis. analysts forecast that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $172.89, for a total value of $2,766,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $172.98, for a total transaction of $129,735.00. The disclosure for this sale can be found here. Insiders sold a total of 4,568,712 shares of company stock valued at $818,756,804 over the last quarter. 17.23% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in FB. Washington Trust Bank increased its stake in Facebook by 1.7% in the fourth quarter. Washington Trust Bank now owns 63,141 shares of the social networking company’s stock valued at $11,142,000 after acquiring an additional 1,073 shares during the last quarter. Neville Rodie & Shaw Inc. increased its stake in Facebook by 6.9% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 45,352 shares of the social networking company’s stock valued at $8,003,000 after acquiring an additional 2,945 shares during the last quarter. American Financial Network Advisory Services LLC increased its stake in Facebook by 4.2% in the fourth quarter. American Financial Network Advisory Services LLC now owns 12,201 shares of the social networking company’s stock valued at $2,153,000 after acquiring an additional 492 shares during the last quarter. Prudential Financial Inc. increased its stake in Facebook by 5.6% in the third quarter. Prudential Financial Inc. now owns 6,040,566 shares of the social networking company’s stock valued at $1,032,152,000 after acquiring an additional 319,228 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its stake in Facebook by 1,111.7% in the third quarter. Atlantic Trust Group LLC now owns 1,138,402 shares of the social networking company’s stock valued at $194,518,000 after acquiring an additional 1,044,450 shares during the last quarter. 57.72% of the stock is currently owned by hedge funds and other 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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