Investors Sell Shares of Facebook (FB) on Strength After Insider Selling

Investors sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading hours on Tuesday after an insider sold shares in the company. $671.75 million flowed into the stock on the tick-up and $753.83 million flowed out of the stock on the tick-down, for a money net flow of $82.08 million out of the stock. Of all equities tracked, Facebook had the 0th highest net out-flow for the day. Facebook traded up $3.83 for the day and closed at $168.66Specifically, Director Jan Koum sold 1,253,906 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 145,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $164.78, for a total transaction of $23,893,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,682,678 shares of company stock worth $1,337,649,603. Insiders own 17.23% of the company’s stock.

A number of equities analysts have recently commented on FB shares. Credit Suisse Group reiterated an “outperform” rating and set a $232.00 price target (up previously from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub upgraded shares of Facebook from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. ValuEngine lowered shares of Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Barclays lifted their price target on shares of Facebook from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $209.39.

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The stock has a market capitalization of $478,831.16, a P/E ratio of 27.01, a PEG ratio of 0.90 and a beta of 0.79.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts predict that Facebook, Inc. will post 7.11 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. ADAMCAPITAL Gestao de Recursos Ltda. bought a new position in shares of Facebook during the 4th quarter valued at approximately $179,544,000. Certified Advisory Corp bought a new position in shares of Facebook during the 4th quarter valued at approximately $458,000. Wagner Wealth Management LLC bought a new position in shares of Facebook during the 4th quarter valued at approximately $183,000. Rehmann Capital Advisory Group grew its position in shares of Facebook by 3.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 9,720 shares of the social networking company’s stock valued at $1,715,000 after acquiring an additional 313 shares during the period. Finally, KCM Investment Advisors LLC grew its position in shares of Facebook by 0.3% during the 4th quarter. KCM Investment Advisors LLC now owns 297,984 shares of the social networking company’s stock valued at $52,582,000 after acquiring an additional 859 shares during the period. 58.47% of the stock is owned by institutional investors.

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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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