Insider Watch Reporter: Why Thiel Peter Sold 20,104 Stock of Facebook Inc (NASDAQ:FB)?

November 26, 2016 - By Peter Kolinski

Insider Watch Reporter: Why Thiel Peter Sold 20,104 Stock of Facebook Inc (NASDAQ:FB)?

Thiel Peter Insider Buy

Thiel Peter, an insider in Facebook Inc has a few days ago been linked with an open market sale of 20,104 shares of the Pinksheet-listed Facebook Inc, valued at $121.7 per share. The trade value was of $2,446,269 USD. Due to the significance of this stocks unloading, it will not remain undiscovered. Thiel Peter owns 0.01% of the -company’s market cap with a total of 218,185 shares. The information is according to a SEC filing dated 25-11-2016.

Facebook Inc (NASDAQ:FB) Ratings Coverage

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 19.98% above today’s ($120.25) stock price. Facebook has been the topic of 113 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Facebook Inc (NASDAQ:FB) has “Overweight” rating given on Tuesday, August 18 by Piper Jaffray. The firm earned “Outperform” rating on Thursday, April 28 by Oppenheimer. The firm has “Outperform” rating by Cowen & Co given on Thursday, April 28. The firm earned “Outperform” rating on Thursday, October 1 by Wedbush. Deutsche Bank maintained the stock with “Buy” rating in Thursday, July 30 report. The firm has “Overweight” rating by Morgan Stanley given on Thursday, November 5. The stock has “Buy” rating given by Jefferies on Thursday, November 5. Bank of America maintained the stock with “Buy” rating in Monday, August 10 report. JMP Securities maintained the shares of FB in a report on Thursday, November 3 with “Market Outperform” rating. As per Thursday, July 30, the company rating was maintained by FBR Capital.

Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.17, from 1.23 in 2016Q1. The ratio is positive, 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.

Retail Bank Of Montreal Can owns 1.80M shares or 0.24% of their US portfolio. Suntrust Banks holds 0.16% of its portfolio in Facebook Inc (NASDAQ:FB) for 223,342 shares. Duncker Streett Comm last reported 1,400 shares in the company. Keybank National Association Oh accumulated 0.44% or 584,393 shares. Marshwinds Advisory, a Georgia-based fund reported 18,560 shares. Goelzer Investment Mgmt Incorporated last reported 33,728 shares in the company. Tokio Marine Asset Management has 1.72% invested in the company for 146,026 shares. Telemus Cap Ltd Liability Com holds 0.95% or 66,800 shares in its portfolio. Telos Cap Mgmt holds 0.11% of its portfolio in Facebook Inc (NASDAQ:FB) for 2,000 shares. Manufacturers Life Insurance The holds 1.34% of its portfolio in Facebook Inc (NASDAQ:FB) for 7.65 million shares. Moreover, E&G Advsr Lp has 0.75% invested in Facebook Inc (NASDAQ:FB) for 10,824 shares. Shannon River Fund Management Limited Liability Company has invested 3.57% of its portfolio in Facebook Inc (NASDAQ:FB). Flossbach Von Storch Ag accumulated 0% or 1,855 shares. Janney Capital Mngmt Limited Liability last reported 0.01% of its portfolio in the stock. Virtu Fincl Lc holds 0.08% of its portfolio in Facebook Inc (NASDAQ:FB) for 5,312 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 96 sales for $3.13 billion net activity. On Thursday, July 14 Schroepfer Michael Todd sold $6.02 million worth of the stock or 51,283 shares. Another trade for 14,827 shares valued at $1.74M was made by Stretch Colin on Tuesday, November 15. FISCHER DAVID B. sold $2.61M worth of Facebook Inc (NASDAQ:FB) on Monday, August 15. Sandberg Sheryl sold $17.48M worth of stock. Zuckerberg Mark also sold $95.00 million worth of Facebook Inc (NASDAQ:FB) shares. Koum Jan sold 356,547 shares worth $42.77M. 71,945 shares with value of $8.93M were sold by Cox Christopher K on Monday, August 15.

About 8.66 million shares traded hands. Facebook Inc (NASDAQ:FB) has risen 9.30% since April 22, 2016 and is uptrending. It has outperformed by 3.89% 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 $345.16 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 46.47 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 27.58 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: Bloomberg.com which released: “Facebook to Hire 500 New Staff in Major U.K. Expansion” on November 21, 2016, also Foxbusiness.com with their article: “Is $6 Billion Just the Beginning of Facebook, Inc.’s Buybacks?” published on November 23, 2016, Profitconfidential.com published: “FB Stock: New Report Reveals Facebook Inc’s China Secret” on November 23, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” published on November 17, 2016 as well as Investorplace.com‘s news article titled: “Facebook Inc Insider Stock Sales Pile Up (FB)” with publication date: November 23, 2016.

FB Company Profile

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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