Investors Sell Facebook (FB) on Strength (FB)
Traders sold shares of Facebook Inc (NASDAQ:FB) on strength during trading hours on Monday. $564.59 million flowed into the stock on the tick-up and $713.10 million flowed out of the stock on the tick-down, for a money net flow of $148.51 million out of the stock. Of all companies tracked, Facebook had the 5th highest net out-flow for the day. Facebook traded up $3.78 for the day and closed at $180.40
Several analysts have issued reports on FB shares. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $197.10 target price on the stock in a research report on Wednesday, November 29th. MKM Partners increased their target price on Facebook to $240.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Evercore ISI started coverage on Facebook in a research report on Tuesday, December 5th. They set an “outperform” rating and a $225.00 target price on the stock. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $215.00 target price on shares of Facebook in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $214.70.
The firm has a market capitalization of $524,060.00, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.64.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total transaction of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares in the company, valued at approximately $14,456,613.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan Koum sold 1,253,906 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total value of $221,326,948.06. The disclosure for this sale can be found here. Insiders have sold a total of 3,468,702 shares of company stock valued at $618,046,701 in the last quarter. Company insiders own 17.23% of the company’s stock.
Several large investors have recently bought and sold shares of FB. Country Trust Bank boosted its holdings in shares of Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares during the last quarter. Armbruster Capital Management Inc. boosted its holdings in shares of Facebook by 358.4% during the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after purchasing an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new position in shares of Facebook during the 4th quarter worth approximately $103,000. Price Wealth Management Inc. acquired a new position in shares of Facebook during the 4th quarter worth approximately $105,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook during the 3rd quarter worth approximately $111,000. Hedge funds and other institutional investors own 57.71% 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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