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

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Traders sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading on Wednesday. $693.50 million flowed into the stock on the tick-up and $938.93 million flowed out of the stock on the tick-down, for a money net flow of $245.43 million out of the stock. Of all companies tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $3.87 for the day and closed at $165.44

FB has been the subject of a number of research analyst reports. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a report on Wednesday, January 2nd. Goldman Sachs Group reissued a “buy” rating and set a $195.00 target price on shares of Facebook in a report on Wednesday, January 16th. Citigroup reissued a “buy” rating and set a $185.00 target price (up previously from $175.00) on shares of Facebook in a report on Thursday, January 31st. Wedbush reduced their target price on Facebook to $200.00 and set a “buy” rating for the company in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $195.00 target price on shares of Facebook in a report on Tuesday, January 8th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $191.06.

The stock has a market capitalization of $482.46 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.21 and a beta of 0.88.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.20. The company had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. Equities research analysts predict that Facebook, Inc. will post 7.53 earnings per share for the current fiscal year.

In other news, CAO Susan J.S. Taylor sold 1,442 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $162.02, for a total transaction of $233,632.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,569 shares in the company, valued at $254,209.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David M. Wehner sold 4,761 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $165.59, for a total value of $788,373.99. The disclosure for this sale can be found here. Insiders sold 391,461 shares of company stock valued at $60,325,530 over the last quarter. 16.25% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FB. FMR LLC boosted its holdings in Facebook by 1.7% in the third quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock valued at $20,435,077,000 after purchasing an additional 2,132,804 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Facebook by 13,908.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after purchasing an additional 70,263,213 shares during the period. Geode Capital Management LLC boosted its holdings in Facebook by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 31,772,199 shares of the social networking company’s stock valued at $4,157,898,000 after purchasing an additional 2,203,076 shares during the period. Northern Trust Corp boosted its holdings in Facebook by 3.4% in the fourth quarter. Northern Trust Corp now owns 27,700,212 shares of the social networking company’s stock valued at $3,631,220,000 after purchasing an additional 911,997 shares during the period. Finally, Morgan Stanley boosted its holdings in Facebook by 3.2% in the third quarter. Morgan Stanley now owns 25,517,710 shares of the social networking company’s stock valued at $4,196,642,000 after purchasing an additional 799,081 shares during the period. Institutional investors and hedge funds own 59.50% of the company’s stock.

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Facebook Company Profile (NASDAQ:FB)

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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