There has been some selling insider activity on Facebook, Inc. (NASDAQ:FB) recently. Director Jan Koum sold 966,668 shares at a price of $129.48 on Thu the 22nd. Koum now owns $1,861,944,153 of stock as recorded in a recent Form 4 SEC filing. Sheryl Sandberg, Chief Operating Officer let go of $42,258,210 worth of shares at a price of $129.23 on Wed the 21st. That brings Sandberg’s holdings to $542,456,365 per an SEC filing yesterday.
Today Mark Zuckerberg, COB and CEO disclosed the sale of 741,797 shares. The shares were sold on September 12th for a price of $128.01. The COB and CEO now owns $0 of the stock per the Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Evercore Wealth Management, LLC had disposed of a total of 1,116 shares trimming its stake by 6.1%. The value of the investment in Facebook, Inc. decreased from $2,075,000 to $1,950,000 a change of 6.0% since the last quarter. Pinkerton Retirement Specialists, LLC grew its stake by buying 5,115 shares an increase of 7,634.3% as of 06/30/2016. Pinkerton Retirement Specialists, LLC now controls 5,182 shares with a value of $592,000. The total value of its holdings increased 9,766.7%.
Macquarie Group Ltd added to its position by buying 300 shares an increase of 0.5%. Macquarie Group Ltd currently owns 57,200 shares valued at $6,537,000. The value of the position overall is up by 0.7%. BNP Paribas Investment Partners S.A. divested its investment by shedding 437,022 shares a decrease of 99.1% from 12/31/2015 to 06/30/2016. BNP Paribas Investment Partners S.A. owns 3,901 shares worth $446,000. The total value of its holdings decreased 99.0%.
On September 27 JP Morgan left the stock rating at “Overweight” but raised the price target from $154.00 to $175.00. On September 23 analysts at Loop Capital initiated coverage on the stock with an initial rating of “Buy” and establishing a price target of $165.00.
September 19 investment analysts at Citigroup kept the company rating at “Buy” and raised the price expectation to $158.00 from $154.00. September 7 investment analysts at Morgan Stanley left the company rating at “Overweight” and raised the price target to $160.00 from $154.00.
On July 28 CLSA held the stock rating at “Outperform” but moved up the price target to $154.00 from $150.00. July 28 investment analysts at Deutsche Bank made no change to the company rating of “Outperform” but lowered the price expectation from $155.00 to $154.00.
The company is trading up by 0.42% since yesterday’s close of $128.69. The stock is trading at $129.23 which is a tad above the 50 day moving average of $126.61 and barely above the 200 day moving average of $118.82. The 50 day moving average was up $2.62 whereas the 200 day moving average was up $10.41 or +8.76%.
The company currently has a P/E ratio of 61.77 and the market cap of the company is 371.11B. As of the last earnings report the EPS was $2.09 and is projected to be $3.94 for the current year with 2,871,664,000 shares currently outstanding. Next quarter’s EPS is expected be $1.24 with next year’s EPS anticipated to be $5.07.
Traders are feeling more bearish on Facebook, Inc. at least if you consider the uptick in short interest. The company had a rise in short interest of 0.10% as of the latest report on September 15, 2016. Short interest grew from 18,561,888 to 20,492,583 over that timeframe. The days to cover decreased to 1.1 and the short interest percentage is 0.01% as of September 15.