The company is up by 1.18 percent from yesterday’s close. Company shares last traded at $157.10 a tad higher than $151.14, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $138.83. The 50 day moving average went up $5.94 or +3.93% and the 200 day average was up $18.25.
Investors are more bullish on the company lately if you look at the change in short interest. The firm recorded a fall in short interest of -6.93% as of the latest report on May 15, 2017. Short interest decreased 1,474,258 over that timeframe. Days to cover decreased 0.0 to 1.1 and the short interest percentage is 0.01% as of May 15.
Here is the rundown on market activity for Facebook, Inc. (NASDAQ:FB). Chief Product Officer Christopher K. Cox sold 16,000 shares at an average price of $150.00 on Fri the 7th. That brings Cox’s holdings to $26,814,750 per an SEC filing yesterday. Colin Stretch, VP sold $111,750 worth of shares at an average price of $149.00 on July 5th. Stretch now owns $12,837,244 of stock as reported to the SEC.
COB and CEO Mark Zuckerberg sold 281,436 shares at a price of $151.00 on Fri the 30th. The COB and CEO now owns $134,592,491 of the stock as recorded in a recent Form 4 SEC filing.
Facebook, Inc., launched on July 29, 2004, is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company also enables people to discover and learn about what is going on in the world around them, enables people to share their opinions, ideas, photos and videos, and other activities with audiences ranging from their friends to the public, and stay connected by accessing its products. The Business’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. The Company also engages in selling advertising placements to marketers. Its advertisements let marketers reach people based on a range of factors, including age, gender, location, interests and behaviors. Marketers purchase advertisements that can appear in multiple places, including on Facebook, Instagram, and third-party applications and Websites..
Here are a few additional firms who have increased or decreased their stake in (FB). As of quarter end Vontobel Asset Management Inc had acquired 158,031 shares growing its position 10.4%. The value of the company’s investment in Facebook, Inc. increased from $221,720,000 to $258,375,000 a change of 16.5% quarter over quarter. As of the end of the quarter Gateway Investment Advisers LLC had sold a total of 55,889 shares trimming its holdings by 4.0%. The value of the investment in Facebook, Inc. went from $200,819,000 to $205,005,000 a change of $4,186,000 for the reporting period.
Pennsylvania Trust Co augmented its investment by buying 13,627 shares an increase of 18.6% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co now holds 87,010 shares valued at $13,137,000. The total value of its holdings increased 26.0%. Narwhal Capital Management grew its ownership by buying 810 shares an increase of 8.1% as of 06/30/2017. Narwhal Capital Management now controls 10,866 shares worth $1,641,000. The value of the position overall is up by 14.9%.
On November 3 Wedbush kept the company rating at “Outperform” and raised the price expectation to $162.00 from $154.00. November 3 investment analysts at Wells Fargo maintained a stock rating of “Outperform” but moved up the price target from $154.00 to $162.00.
November 3 investment analysts at Cantor Fitzgerald maintained a company rating of “Buy” but raised the price expectation from $105.00 to $170.00. On November 3 RBC Capital held the stock rating at “Outperform” but raised the price target to $170.00 from $154.00.
November 3 investment analysts at BMO Capital left the company rating at “Market Perform” and moved down the price target from $154.00 to $125.00. On November 3 Canaccord Genuity held the company rating at “Buy” and raised the price target to $170.00 from $155.00.
Facebook, Inc. currently has a P/E ratio of 39.94 and the market value is 455.25B. In the last earnings report the EPS was $3.93 and is projected to be $4.85 for the current year with 2,898,177,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.15 and the next full year EPS is projected to be $6.02.