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

Traders sold shares of Facebook Inc (NASDAQ:FB) on strength during trading hours on Tuesday. $730.01 million flowed into the stock on the tick-up and $783.15 million flowed out of the stock on the tick-down, for a money net flow of $53.14 million out of the stock. Of all companies tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $1.36 for the day and closed at $172.83

A number of analysts have recently commented on FB shares. Pivotal Research cut Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen reissued an “outperform” rating and issued a $195.00 price target on shares of Facebook in a research report on Thursday, August 10th. SunTrust Banks started coverage on Facebook in a research report on Tuesday, August 15th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target on the stock in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $199.18.

The stock has a market capitalization of $502,700.00, a price-to-earnings ratio of 33.74, a P/E/G ratio of 1.11 and a beta of 0.69.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating 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 firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 47.3% compared to the same quarter last year. sell-side analysts anticipate that Facebook Inc will post 5.86 EPS for the current fiscal year.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $173.58, for a total value of $130,185.00. Following the completion of the sale, the vice president now owns 94,091 shares of the company’s stock, valued at $16,332,315.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the completion of the sale, the insider now directly owns 194,666 shares of the company’s stock, valued at approximately $33,313,192.58. The disclosure for this sale can be found here. In the last three months, insiders sold 5,195,022 shares of company stock valued at $924,578,276. 17.23% of the stock is owned by insiders.

Several large investors have recently modified their holdings of FB. Moisand Fitzgerald Tamayo LLC purchased a new position in Facebook during the third quarter valued at approximately $111,000. D. Scott Neal Inc. increased its holdings in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the period. Stelac Advisory Services LLC purchased a new position in Facebook during the third quarter valued at approximately $152,000. Finally, Pacific Center for Financial Services increased its holdings in Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 88 shares during the period. 57.86% of the stock is currently owned by institutional investors and hedge funds.

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About Facebook

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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