Investors sold shares of Facebook, Inc. (NASDAQ:FB) on strength during trading on Monday following insider selling activity. $420.70 million flowed into the stock on the tick-up and $507.97 million flowed out of the stock on the tick-down, for a money net flow of $87.27 million out of the stock. Of all companies tracked, Facebook had the 8th highest net out-flow for the day. Facebook traded up $0.55 for the day and closed at $179.65Specifically, VP David B. Fischer sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the vice president now owns 48,970 shares in the company, valued at $8,569,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $178.25, for a total value of $133,687.50. Following the sale, the vice president now owns 101,622 shares of the company’s stock, valued at approximately $18,114,121.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,044,485 shares of company stock valued at $179,244,277. 16.25% of the stock is owned by company insiders.
Several analysts have recently commented on the company. Morgan Stanley increased their price objective on Facebook from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research lowered Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Guggenheim upgraded Facebook from a “neutral” rating to a “buy” rating and increased their price objective for the company from $175.00 to $200.00 in a report on Thursday, April 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $155.00 price objective on shares of Facebook in a report on Thursday, March 14th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the stock. Facebook has an average rating of “Buy” and an average target price of $192.11.
The stock has a market capitalization of $520.29 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.29 and a beta of 0.88.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sun Life Financial INC lifted its stake in Facebook by 0.9% in the 4th quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock valued at $876,000 after buying an additional 60 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Facebook by 3.5% in the 4th quarter. Valmark Advisers Inc. now owns 1,904 shares of the social networking company’s stock worth $250,000 after purchasing an additional 65 shares in the last quarter. Gs Investments Inc. lifted its stake in Facebook by 0.3% in the 4th quarter. Gs Investments Inc. now owns 19,942 shares of the social networking company’s stock worth $2,614,000 after purchasing an additional 65 shares in the last quarter. Pioneer Trust Bank N A OR lifted its stake in Facebook by 0.5% in the 1st quarter. Pioneer Trust Bank N A OR now owns 15,401 shares of the social networking company’s stock worth $2,568,000 after purchasing an additional 71 shares in the last quarter. Finally, Titus Wealth Management lifted its stake in Facebook by 4.0% in the 4th quarter. Titus Wealth Management now owns 1,890 shares of the social networking company’s stock worth $247,000 after purchasing an additional 73 shares in the last quarter. 60.21% of the stock is currently owned by institutional investors.
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About Facebook (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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