November 24, 2016 - By Hazel Jackson
Because of the deal David Wehner made he is in the bear’s eye today. The Chief Financial Officer of Facebook Inc and an insider, unloaded 10,530 shares worth $1,253,597 USD. The average price was $119.1 per share. In the last 30 days, he also sold 22,986 shares worth total $2,698,477 USD. David Wehner possess around 0.00% of Facebook Inc’s market cap or 79,453 shares. Considering the size of the deal, it is difficult to stay disregarded.
Out of 44 analysts covering Facebook (NASDAQ:FB), 41 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 93% are positive. $175 is the highest target while $88 is the lowest. The $144.27 average target is 19.41% above today’s ($120.82) stock price. Facebook has been the topic of 113 analyst reports since July 21, 2015 according to StockzIntelligence Inc. UBS maintained Facebook Inc (NASDAQ:FB) on Thursday, November 3 with “Buy” rating. The stock of Facebook Inc (NASDAQ:FB) earned “Overweight” rating by Global Equities Research on Friday, August 28. The stock of Facebook Inc (NASDAQ:FB) earned “Market Outperform” rating by JMP Securities on Thursday, November 3. The stock has “Overweight” rating given by Barclays Capital on Thursday, November 5. The rating was maintained by RBC Capital Markets on Thursday, November 3 with “Outperform”. On Thursday, November 3 the stock rating was downgraded by BTIG Research to “Neutral”. The firm earned “Outperform” rating on Thursday, November 5 by FBR Capital. M Partners maintained the stock with “Buy” rating in Friday, May 13 report. Credit Suisse maintained it with “Outperform” rating and $115 target price in Friday, October 9 report. The company was maintained on Thursday, April 28 by Barclays Capital.
Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.17, from 1.23 in 2016Q1. The ratio improved, as 73 funds sold all Facebook Inc shares owned while 523 reduced positions. 118 funds bought stakes while 614 increased positions. They now own 1.59 billion shares or 3.98% less from 1.65 billion shares in 2016Q1.
Graybill Bartz And Assoc Ltd has invested 1.96% of its portfolio in Facebook Inc (NASDAQ:FB). Oakbrook Limited Liability holds 0.95% or 149,450 shares in its portfolio. Fil has 553,727 shares for 0.2% of their US portfolio. Blair William Il has invested 1.04% of its portfolio in Facebook Inc (NASDAQ:FB). Buckingham Capital holds 0.35% or 11,484 shares in its portfolio. Bbt Ltd Limited Liability Company, a Texas-based fund reported 50,000 shares. The Michigan-based Concorde Asset Mgmt Llc has invested 0.28% in Facebook Inc (NASDAQ:FB). Hap Trading Limited Liability Corporation has 0.18% invested in the company for 27,631 shares. Polar Asset Management Prns Inc holds 135,299 shares or 0.63% of its portfolio. Advisory Service Incorporated has 0.07% invested in the company for 1,763 shares. Whitnell And, a Illinois-based fund reported 1,000 shares. Halsey Assoc Inc Ct accumulated 2.5% or 98,406 shares. Hl Svcs Limited Liability Corp has invested 0.13% of its portfolio in Facebook Inc (NASDAQ:FB). Mai Capital Mngmt holds 16,387 shares or 0.14% of its portfolio. Swiss Bank & Trust has invested 1.2% of its portfolio in Facebook Inc (NASDAQ:FB).
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 96 selling transactions for $3.13 billion net activity. Shares for $2.85 million were sold by Wehner David M. on Monday, August 15. Shares for $124.95M were sold by Koum Jan. On Thursday, May 26 Sandberg Sheryl sold $12.99 million worth of the stock or 109,000 shares. The insider FISCHER DAVID B. sold 35,000 shares worth $4.56M. Stretch Colin had sold 750 shares worth $96,587 on Tuesday, October 18. Zuckerberg Mark had sold 740,739 shares worth $95.00M on Monday, October 3. Cox Christopher K sold $1.89M worth of Facebook Inc (NASDAQ:FB) on Monday, July 25.
About 15.66M shares traded hands. Facebook Inc (NASDAQ:FB) has risen 7.08% since April 21, 2016 and is uptrending. It has outperformed by 1.75% the S&P500.
Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $347.42 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 46.64 P/E ratio. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.
According to Zacks Investment Research, “Facebook Inc. operates a social networking website worldwide. The Company’s products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.”
Analysts await Facebook Inc (NASDAQ:FB) to report earnings on January, 25. They expect $1.09 EPS, up 84.75% or $0.50 from last year’s $0.59 per share. FB’s profit will be $3.13 billion for 27.71 P/E if the $1.09 EPS becomes a reality. After $0.88 actual EPS reported by Facebook Inc for the previous quarter, Wall Street now forecasts 23.86% EPS growth.
More notable recent Facebook Inc (NASDAQ:FB) news were published by: Profitconfidential.com which released: “FB Stock: New Report Reveals Facebook Inc’s China Secret” on November 23, 2016, also Bloomberg.com with their article: “Facebook to Hire 500 New Staff in Major U.K. Expansion” published on November 21, 2016, Valuewalk.com published: “Facebook Inc (FB) Stock Sales By Insiders Piled Up Last Week” on November 23, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Foxbusiness.com and their article: “Is $6 Billion Just the Beginning of Facebook, Inc.’s Buybacks?” published on November 23, 2016 as well as Fool.com‘s news article titled: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” with publication date: November 17, 2016.
Facebook, Inc., incorporated on July 29, 2004, manufactures products that enable people to connect and share through mobile devices and personal computers. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. The Company’s subsidiaries include Andale, Inc., Edge Network Services Limited, Facebook Ireland Holdings Limited, Facebook Ireland Limited, Facebook Operations, LLC, Instagram, LLC, Oculus VR, LLC, Parse, LLC, Pinnacle Sweden AB, Siculus, LLC, Vitesse, LLC and WhatsApp Inc.
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