Traders Sell Facebook (FB) on Strength on Insider Selling

Traders sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading hours on Thursday after an insider sold shares in the company. $620.60 million flowed into the stock on the tick-up and $734.78 million flowed out of the stock on the tick-down, for a money net flow of $114.18 million out of the stock. Of all companies tracked, Facebook had the 5th highest net out-flow for the day. Facebook traded up $1.74 for the day and closed at $168.10Specifically, CEO Mark Zuckerberg sold 145,000 shares of the business’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $164.78, for a total value of $23,893,100.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David B. Fischer sold 5,587 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The disclosure for this sale can be found here. Insiders sold a total of 7,682,678 shares of company stock valued at $1,337,649,603 over the last three months. Company insiders own 17.23% of the company’s stock.

Several equities analysts have issued reports on FB shares. Argus boosted their target price on Facebook to $214.00 in a research report on Wednesday, April 11th. JPMorgan Chase set a $230.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, January 8th. Cowen reiterated a “buy” rating and set a $220.00 target price on shares of Facebook in a research report on Thursday, January 4th. Vetr cut Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 target price on the stock. in a research report on Wednesday, January 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $230.00 target price on shares of Facebook in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $209.39.

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The company has a market capitalization of $489,957.31, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.79.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. sell-side analysts forecast that Facebook, Inc. will post 7.11 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of FB. Janus Henderson Group PLC grew its stake in shares of Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after acquiring an additional 8,788,743 shares in the last quarter. Truepoint Inc. grew its stake in shares of Facebook by 16,822.1% during the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock valued at $6,137,000 after acquiring an additional 6,100,871 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its stake in shares of Facebook by 3.6% during the fourth quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock valued at $25,793,297,000 after acquiring an additional 5,107,163 shares in the last quarter. Finally, Harding Loevner LP grew its stake in shares of Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after acquiring an additional 2,966,978 shares in the last quarter. 58.47% of the stock is currently owned by institutional investors and hedge funds.

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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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