Traders purchased shares of Facebook Inc (NASDAQ:FB) on weakness during trading on Thursday. $653.70 million flowed into the stock on the tick-up and $551.96 million flowed out of the stock on the tick-down, for a money net flow of $101.74 million into the stock. Of all stocks tracked, Facebook had the 3rd highest net in-flow for the day. Facebook traded down ($0.34) for the day and closed at $184.33
Several brokerages have issued reports on FB. Cowen reaffirmed a “buy” rating and set a $220.00 price target on shares of Facebook in a research note on Thursday. Citigroup reissued a “buy” rating and issued a $200.00 target price on shares of Facebook in a research note on Wednesday, September 27th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research note on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $230.00 target price on shares of Facebook in a research note on Tuesday. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $190.00 target price on shares of Facebook in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $201.84.
The stock has a market cap of $535,630.00, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68.
In other news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $172.89, for a total transaction of $2,766,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $172.98, for a total value of $129,735.00. The disclosure for this sale can be found here. Insiders sold a total of 4,568,712 shares of company stock worth $818,756,804 over the last ninety days. 17.23% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in FB. D. Scott Neal Inc. raised its holdings in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook in the 3rd quarter worth $111,000. Mountain Capital Investment Advisors Inc purchased a new stake in Facebook in the 2nd quarter worth $138,000. Vigilant Capital Management LLC increased its stake in Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in Facebook in the 3rd quarter worth $152,000. 57.72% of the stock is currently owned by institutional investors.
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Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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