Facebook Inc. (NASDAQ:FB) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 22,453,484 shares, a growth of 9.6% from the September 15th total of 20,492,583 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,707,638 shares, the days-to-cover ratio is presently 1.3 days.

Shares of Facebook (NASDAQ:FB) opened at 127.88 on Friday. The firm has a market cap of $367.23 billion, a price-to-earnings ratio of 61.13 and a beta of 0.77. The company’s 50 day moving average price is $128.26 and its 200-day moving average price is $120.22. Facebook has a 1-year low of $89.37 and a 1-year high of $131.98.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.15. The firm 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%. The firm’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. Equities analysts expect that Facebook will post $3.94 EPS for the current fiscal year.

In related news, VP David B. Fischer sold 35,000 shares of the company’s 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 sale, the vice president now owns 204,686 shares of the company’s stock, valued at $26,674,679.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Sheryl Sandberg sold 148,104 shares of the company’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $118.02, for a total transaction of $17,479,234.08. Following the sale, the chief operating officer now directly owns 4,719,188 shares in the company, valued at approximately $556,958,567.76. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Vaughan David Investments Inc. IL increased its stake in shares of Facebook by 0.6% in the second quarter. Vaughan David Investments Inc. IL now owns 2,589 shares of the social networking company’s stock valued at $296,000 after buying an additional 15 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its stake in shares of Facebook by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,044 shares of the social networking company’s stock valued at $234,000 after buying an additional 25 shares during the last quarter. Sadoff Investment Management LLC increased its stake in shares of Facebook by 1.6% in the third quarter. Sadoff Investment Management LLC now owns 1,857 shares of the social networking company’s stock valued at $238,000 after buying an additional 29 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its stake in shares of Facebook by 2.2% in the second quarter. Tortoise Investment Management LLC now owns 1,402 shares of the social networking company’s stock valued at $160,000 after buying an additional 30 shares during the last quarter. 56.61% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on FB. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 target price on shares of Facebook in a research note on Tuesday, June 21st. SunTrust Banks Inc. reissued a “buy” rating and issued a $135.00 target price on shares of Facebook in a research note on Tuesday, June 21st. Robert W. Baird reissued an “outperform” rating and issued a $135.00 target price on shares of Facebook in a research note on Wednesday, June 22nd. MKM Partners reissued a “buy” rating and issued a $150.00 target price on shares of Facebook in a research note on Wednesday, June 22nd. Finally, Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $123.05 target price on the stock in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $149.99.

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.

5 Day Chart for NASDAQ:FB

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