Facebook Inc. (FB) Short Interest Update
Facebook Inc. (NASDAQ:FB) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 20,492,583 shares, an increase of 10.4% from the August 31st total of 18,561,888 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 19,283,749 shares, the days-to-cover ratio is presently 1.1 days.
In other Facebook news, insider Christopher K. Cox sold 15,600 shares of the stock in a transaction on Monday, July 11th. The shares were sold at an average price of $117.71, for a total value of $1,836,276.00. Following the completion of the sale, the insider now owns 365,986 shares in the company, valued at $43,080,212.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David B. Fischer sold 35,000 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $130.32, for a total transaction of $4,561,200.00. Following the completion of the sale, the vice president now owns 204,686 shares of the company’s stock, valued at approximately $26,674,679.52. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in FB. Carnick & Kubik Group LLC acquired a new position in shares of Facebook during the second quarter valued at approximately $1,902,000. Williams Jones & Associates LLC increased its position in shares of Facebook by 3.3% in the second quarter. Williams Jones & Associates LLC now owns 635,392 shares of the social networking company’s stock valued at $72,613,000 after buying an additional 20,128 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Facebook during the second quarter valued at approximately $10,668,000. Kentucky Retirement Systems acquired a new position in shares of Facebook during the second quarter valued at approximately $22,467,000. Finally, KAMES CAPITAL plc increased its position in shares of Facebook by 2.3% in the second quarter. KAMES CAPITAL plc now owns 1,321,024 shares of the social networking company’s stock valued at $150,967,000 after buying an additional 29,407 shares during the period. 56.61% of the stock is currently owned by institutional investors.
Facebook (NASDAQ:FB) opened at 129.23 on Thursday. Facebook has a one year low of $88.36 and a one year high of $131.98. The company has a market capitalization of $371.11 billion, a P/E ratio of 61.77 and a beta of 0.76. The stock’s 50 day moving average price is $126.73 and its 200 day moving average price is $118.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. Facebook’s quarterly revenue was up 59.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. Equities analysts anticipate that Facebook will post $3.94 EPS for the current fiscal year.
FB has been the subject of a number of research reports. Cowen and Company restated an “outperform” rating and set a $150.00 target price on shares of Facebook in a research note on Monday. Jefferies Group restated a “buy” rating and set a $170.00 target price on shares of Facebook in a research note on Monday, August 22nd. Vetr cut shares of Facebook from a “buy” rating to a “hold” rating and set a $131.43 target price for the company. in a research note on Monday, August 29th. Citigroup Inc. raised their target price on shares of Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, September 19th. Finally, William Blair restated an “outperform” rating on shares of Facebook in a research note on Sunday, September 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, forty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $149.79.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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