Facebook, Inc. (NASDAQ:FB) has been the object of insider selling activity recently. VP Colin Stretch disclosed the sale of 750 shares. The shares were sold on July 11th for an average price of $153.36. Stretch now owns $13,097,864 of the stock per the Form 4 SEC filing. Michael Todd Schroepfer, CTO disclosed the sale of 37,914 shares of (FB). The shares were purchased at an average price of $154.47. The CTO now owns $126,445,589 of the stock according to the SEC filing.
Chief Product Officer Christopher K. Cox let go of 16,000 shares at an average price of $150.00 on Fri the 7th. Cox now owns $26,814,750 of stock as reported to the SEC.
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 holdings by 10.4%. The value of the investment in (FB) went from $221,720,000 to $258,375,000 increasing 16.5% for the reporting period. Gateway Investment Advisers LLC downsized its holdings by shedding 55,889 shares a decrease of 4.0%. Gateway Investment Advisers LLC currently owns 1,357,830 shares with a value of $205,005,000. The total value of its holdings increased 2.1%.
As of the end of the quarter Cullinan Associates Inc had bought a total of 81,599 shares growing its position 58.4%. The value of the investment in FB increased from $16,084,000 to $33,427,000 a change of $17,343,000 since the last quarter. As of the end of the quarter Pennsylvania Trust Co had bought 13,627 shares growing its stake by 18.6%. The value of the total investment in Facebook, Inc. increased from $10,424,000 to $13,137,000 a change of 26.0% quarter over quarter.
On November 3 Cantor Fitzgerald held the company rating at “Buy” and raised the price expectation to $170.00 from $105.00. November 3 investment analysts at RBC Capital made no change to the company rating of “Outperform” but raised the price expectation from $154.00 to $170.00.
November 3 investment analysts at BMO Capital held the stock rating at “Market Perform” but lowered the price target from $154.00 to $125.00. On November 3 Canaccord Genuity maintained a stock rating of “Buy” and raised the price target from $155.00 to $170.00.
November 3 investment analysts at JMP Securities left the company rating at “Buy” and moved up the price target to $170.00 from $154.00. On November 3 Jefferies kept the stock rating at “Buy” but moved up the price target from $154.00 to $170.00.
The company is trading up by 2.34 percent from yesterday’s close. The stock last traded at $158.90 which is a tad above $151.14, the 50 day moving average and barely above the 200 day moving average of $138.83. The 50 day moving average moved up $7.76 and the 200 day average moved up $20.07.
Facebook, Inc. currently has a P/E ratio of 40.40 and market capitalization is 460.52B. As of the last earnings report the EPS was $3.93 and is estimated to be $4.85 for the current year with 2,898,177,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.15 and the next full year EPS is anticipated to be $6.02.
Short traders are feeling a little more bullish on shares of Facebook, Inc. recently if you evaluate the motion in short interest. The stock experienced a fall in short interest of -6.93% as of the latest report on May 15, 2017. Short shares decreased from 21,279,374 to 19,805,116 over that period. With short interest at 19,805,116 and short average daily volume at 17,414,232, days to cover is 1.1 and the percentage of shorted shares was 0.01% on May 15.