November 26, 2016 - By Marguerite Chambers
Facebook Inc’s VP and General Counsel Colin Stretch sold 750 shares of the Pinksheet-listed company in an open market transaction dated 25-11-2016. The reported shares were sold at the average stock price of $122.4, for a cumulative trade value of $91,763. In the last 30 days, he also unloaded 17,077 shares that are worth $2,029,067 USD. Because it was a significant trade, it’s not likely to remain unnoticed one. Colin Stretch presently owns 92,209 shares or 0.00% of the Company’s market cap.
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. Axiom Capital maintained the shares of FB in a report on Thursday, April 28 with “Buy” rating. Global Equities Research maintained the stock with “Overweight” rating in Friday, August 28 report. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Monday, August 10 by Bank of America. The stock has “Outperform” rating given by Robert W. Baird on Thursday, April 28. Cantor Fitzgerald maintained the shares of FB in a report on Thursday, November 3 with “Buy” rating. The company was maintained on Monday, April 4 by Axiom Capital. The firm earned “Buy” rating on Thursday, November 5 by Rosenblatt. As per Monday, January 25, the company rating was maintained by Suntrust Robinson. The firm earned “Buy” rating on Thursday, November 5 by Bank of America. The stock of Facebook Inc (NASDAQ:FB) has “Outperform” rating given on Thursday, November 5 by Oppenheimer.
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.17, from 1.23 in 2016Q1. The ratio increased, 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.
Endurance Wealth Management last reported 2,480 shares in the company. Tudor Et Al has 0.1% invested in the company for 39,921 shares. State Of New Jersey Common Pension Fund D accumulated 3.30 million shares or 1.71% of the stock. Abner Herrman And Brock Limited Liability Corp has 3,239 shares for 0.09% of their US portfolio. Nelson Van Denburg & Campbell Wealth Mngmt Limited Liability Com holds 0.15% or 3,058 shares in its portfolio. Wall Street Access Asset Management Ltd Liability Corp last reported 3,446 shares in the company. San Francisco Sentry Gp (Ca) last reported 17,035 shares in the company. Lincoln Corp, a Pennsylvania-based fund reported 8,558 shares. M&R Mngmt owns 39,995 shares or 1.34% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation accumulated 533,100 shares or 0.69% of the stock. Putnam Invs, a Massachusetts-based fund reported 3.93 million shares. Portolan Mgmt Limited Liability has 1.09% invested in the company for 66,115 shares. Fmr Limited Liability Corporation reported 147.90M shares or 2.31% of all its holdings. Arrowpoint Asset Mngmt Limited Liability Corporation owns 14,592 shares or 0.03% of their US portfolio. Quadrant Capital Mgmt holds 1.27% or 13,205 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 96 sales for $3.13 billion net activity. The insider Athwal Jas sold 14,510 shares worth $1.79 million. Shares for $19.04M were sold by Sandberg Sheryl. $1.30M worth of Facebook Inc (NASDAQ:FB) shares were sold by Wehner David M. Another trade for 755,239 shares valued at $95.00 million was sold by Zuckerberg Mark. On Tuesday, August 2 the insider Andreessen Marc L sold $1,861. 21,050 Facebook Inc (NASDAQ:FB) shares with value of $2.61 million were sold by FISCHER DAVID B. 400 shares were sold by Stretch Colin, worth $50,000 on Friday, August 26.
About 8.66M 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 earnings per share, 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 earnings per share 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.
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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