Here is the rundown on market activity for Facebook, Inc. (NASDAQ:FB). Yesterday Director Jan Koum disclosed the sale of 966,668 shares of FB stock. The shares sold for $129.48. Koum now owns $1,861,944,153 of the stock per the Form 4 SEC filing. Sheryl Sandberg, Chief Operating Officer reported the sale of 327,000 shares of (FB). The shares were sold on September 21st for a price of $129.23. The Chief Operating Officer now owns $542,456,365 of the stock according to the SEC filing.
Mark Zuckerberg, COB and CEO sold $94,957,434 worth of shares at a price of $128.01 on Mon the 12th. That brings the COB and CEO’s holdings to $0 per an SEC filing yesterday.
Here are a few additional firms who have increased or decreased their stake in (FB). Evercore Wealth Management, LLC reduced its holdings by shedding 1,116 shares a decrease of 6.1% as of 06/30/2016. Evercore Wealth Management, LLC currently owns 17,066 shares with a value of $1,950,000. The value of the position overall is down by 6.0%. As of the end of the quarter Pinkerton Retirement Specialists, LLC had acquired 5,115 shares growing its position 7,634.3%. The value of the investment in (FB) increased from $6,000 to $592,000 a change of $586,000 since the last quarter.
Macquarie Group Ltd expanded its ownership by buying 300 shares an increase of 0.5%. Macquarie Group Ltd now holds 57,200 shares valued at $6,537,000. The total value of its holdings increased 0.7%. As of quarter end BNP Paribas Investment Partners S.A. had sold a total of 437,022 shares trimming its holdings by 99.1%. The value in dollars went from $46,147,000 to $446,000 decreasing 99.0% quarter to quarter.
September 27 investment analysts at JP Morgan held the stock rating at “Overweight” but moved up the price target from $154.00 to $175.00. On September 23, 2016 Loop Capital initiated coverage on FB with a rating of “Buy” and establishing a price target of $165.00.
On September 19 Citigroup made no change to the company rating of “Buy” and raised the price expectation to $158.00 from $154.00. On September 7 Morgan Stanley kept the stock rating at “Overweight” and moved up the price target to $160.00 from $154.00.
On July 28 UBS kept the company rating at “Outperform” and lowered the price target to $154.00 from $155.00. July 28 investment analysts at Axiom left the company rating at “Outperform” but lowered the price target from $155.00 to $154.00.
The company is so far trading up from yesterday’s close of $128.69. It is currently trading at $129.23 which is slightly above the 50 day moving average of $126.61 and which is marginally over the 200 day moving average of $118.82. The 50 day moving average went up by +2.07% whereas the 200 day average was up by +8.76%.
The P/E ratio is currently 61.77 and the market value is 371.11B. In the last earnings report the EPS was $2.09 and is expected to be $3.94 for the current year with 2,871,664,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.24 and the next full year EPS is anticipated to be $5.07.
Short traders are more bearish on shares of the company of late if you take a look at the motion in short interest. The stock recorded a rise in short interest between August 31, 2016 and September 15, 2016 of 0.10%. Short shares grew 1,930,695 over that timeframe. With short interest at 20,492,583 and short average daily volume at 19,283,749, the short-interest ratio is 1.1 and the short interest percentage is 0.01% as of September 15.