Facebook, Inc. (FB) Short Interest Down 7.3% in July
Facebook, Inc. (NASDAQ:FB) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 20,253,760 shares, a decline of 7.3% from the July 14th total of 21,837,589 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 25,755,050 shares, the short-interest ratio is currently 0.8 days.
In other Facebook news, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $172.25, for a total value of $10,389,431.00. Following the completion of the transaction, the director now owns 6,311 shares in the company, valued at $1,087,069.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $171.88, for a total transaction of $128,910.00. Following the completion of the transaction, the vice president now owns 82,406 shares of the company’s stock, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. Insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519 over the last 90 days. 19.08% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Shepherd Financial Partners LLC acquired a new position in shares of Facebook during the fourth quarter valued at $1,817,000. United Capital Financial Advisers LLC raised its position in shares of Facebook by 3.3% in the fourth quarter. United Capital Financial Advisers LLC now owns 155,498 shares of the social networking company’s stock valued at $17,890,000 after buying an additional 5,015 shares during the last quarter. Boothbay Fund Management LLC raised its position in shares of Facebook by 55.1% in the fourth quarter. Boothbay Fund Management LLC now owns 7,851 shares of the social networking company’s stock valued at $903,000 after buying an additional 2,789 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of Facebook during the fourth quarter valued at $10,611,000. Finally, L & S Advisors Inc acquired a new position in shares of Facebook during the fourth quarter valued at $33,745,000. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Facebook (NASDAQ FB) opened at 168.08 on Friday. The firm has a market cap of $488.14 billion, a PE ratio of 37.62 and a beta of 0.70. Facebook has a 12 month low of $113.55 and a 12 month high of $175.49. The firm’s 50-day moving average is $161.50 and its 200-day moving average is $147.44.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s revenue was up 44.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. Equities analysts expect that Facebook will post $5.33 earnings per share for the current year.
Several research analysts recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating on shares of Facebook in a research report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $200.00 price target (up previously from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Wedbush restated a “buy” rating on shares of Facebook in a research report on Thursday, July 27th. Finally, Macquarie set a $175.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average target price of $182.00.
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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