Investors Buy Shares of Facebook (FB) on Weakness

Traders bought shares of Facebook Inc (NASDAQ:FB) on weakness during trading on Thursday. $455.50 million flowed into the stock on the tick-up and $357.35 million flowed out of the stock on the tick-down, for a money net flow of $98.15 million into the stock. Of all stocks tracked, Facebook had the highest net in-flow for the day. Facebook traded down ($0.07) for the day and closed at $187.77

FB has been the topic of a number of research analyst reports. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC boosted their target price on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity boosted their target price on Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, forty-two have issued a buy rating and four have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $202.86.

The company has a market cap of $545,620.00, a P/E ratio of 34.90, a P/E/G ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. sell-side analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now owns 84,246 shares of the company’s stock, valued at $14,456,613.60. The disclosure for this sale can be found here. Insiders sold 4,144,182 shares of company stock valued at $745,583,697 over the last quarter. Insiders own 17.23% of the company’s stock.

A number of large investors have recently made changes to their positions in FB. Janus Henderson Group PLC boosted its position in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares during the period. Truepoint Inc. boosted its position in shares of Facebook by 16,822.1% in the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after buying an additional 6,100,871 shares during the period. Vanguard Group Inc. boosted its position in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the period. BlackRock Inc. boosted its position in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the period. Finally, Harding Loevner LP boosted its position in shares of Facebook by 229.7% in the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after buying an additional 2,966,978 shares during the period. Institutional investors own 57.73% of the company’s stock.

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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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