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.
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.
COPYRIGHT VIOLATION NOTICE: “Investors Sell Shares of Facebook (FB) on Strength (FB)” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://stocknewstimes.com/2017/12/06/investors-sell-shares-of-facebook-fb-on-strength-fb.html.
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.
Receive News & Ratings for Facebook Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc and related companies with MarketBeat.com's FREE daily email newsletter.