Traders purchased shares of Facebook Inc (NASDAQ:FB) on weakness during trading hours on Wednesday. $1,195.70 million flowed into the stock on the tick-up and $1,038.65 million flowed out of the stock on the tick-down, for a money net flow of $157.05 million into the stock. Of all equities tracked, Facebook had the 2nd highest net in-flow for the day. Facebook traded down ($0.79) for the day and closed at $177.60

A number of equities research analysts have weighed in on the company. BidaskClub cut Facebook from a “strong-buy” rating to a “buy” rating in a research note on Friday. Citigroup reiterated a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research note on Wednesday, September 27th. UBS Group set a $215.00 price objective on Facebook and gave the company a “buy” rating in a research note on Thursday, January 11th. Cowen reiterated an “average” rating and issued a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $190.00 price objective on shares of Facebook in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $203.72.

The firm has a market cap of $526,760.00, a PE ratio of 33.70, a PEG ratio of 1.00 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. equities analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total value of $2,803,200.00. Following the completion of the transaction, the insider now owns 172,871 shares in the company, valued at $30,286,999.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the transaction, the vice president now owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The disclosure for this sale can be found here. Insiders sold 4,181,449 shares of company stock valued at $752,592,962 in the last quarter. 17.23% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after acquiring an additional 4,032,727 shares during the last quarter. Capital World Investors boosted its stake in shares of Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after acquiring an additional 833,810 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after acquiring an additional 114,694 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Facebook by 6.4% during the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after acquiring an additional 1,219,412 shares during the last quarter. 57.75% 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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