November 24, 2016 - By Peter Erickson · 0 Comments
Facebook Inc (NASDAQ:FB) institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.17, from 1.23 in 2016Q1. The ratio is better, as 732 investment managers started new and increased holdings, while 596 cut down and sold their equity positions in Facebook Inc. The investment managers in our partner’s database now hold: 1.59 billion shares, down from 1.65 billion shares in 2016Q1. Also, the number of investment managers holding Facebook Inc in their top 10 holdings decreased from 328 to 293 for a decrease of 35. Sold All: 73 Reduced: 523 Increased: 614 New Position: 118.
Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $347.42 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 46.64 P/E ratio. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.
The stock decreased 0.52% or $0.63 on November 23, hitting $120.84. About 15.67M 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.
Analysts await Facebook Inc (NASDAQ:FB) to report earnings on January, 25. They expect $1.09 EPS, up 84.75% or $0.50 from last year’s $0.59 per share. FB’s profit will be $3.13 billion for 27.72 P/E if the $1.09 EPS becomes a reality. After $0.88 actual EPS reported by Facebook Inc for the previous quarter, Wall Street now forecasts 23.86% EPS growth.
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.”
Millennium Tvp Management Co. Llc holds 49.41% of its portfolio in Facebook Inc for 374,895 shares. Arrowgrass Capital Partners Llp owns 1.01 million shares or 42.7% of their US portfolio. Moreover, Glade Brook Capital Partners Llc has 34.38% invested in the company for 373,534 shares. The Connecticut-based Parametric Risk Advisors Llc has invested 32.34% in the stock. Parus Finance (Uk) Ltd, a United Kingdom-based fund reported 1.32 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 96 sales for $3.13 billion net activity.
Ratings analysis reveals 93% of Facebook’s analysts are positive. Out of 44 Wall Street analysts rating Facebook, 41 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $88 while the high is $175. The stock’s average target of $144.27 is 19.39% above today’s ($120.84) share price. FB was included in 113 notes of analysts from July 21, 2015. The stock has “Buy” rating given by Cantor Fitzgerald on Thursday, August 27. As per Thursday, November 5, the company rating was maintained by Barclays Capital. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, July 30 by Needham. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Deutsche Bank on Thursday, July 30. Bank of America maintained the stock with “Buy” rating in Thursday, November 5 report. The stock of Facebook Inc (NASDAQ:FB) has “Outperform” rating given on Thursday, July 30 by Oppenheimer. Bank of America maintained Facebook Inc (NASDAQ:FB) on Monday, August 10 with “Buy” rating. The rating was initiated by Susquehanna with “Positive” on Monday, August 10. The stock has “Buy” rating given by Monness Crespi & Hardt on Thursday, November 5. As per Friday, October 30, the company rating was downgraded by Jyske Bank.
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.
More notable recent Facebook Inc (NASDAQ:FB) news were published by: Foxbusiness.com which released: “Is $6 Billion Just the Beginning of Facebook, Inc.’s Buybacks?” on November 23, 2016, also Bloomberg.com with their article: “Facebook to Hire 500 New Staff in Major U.K. Expansion” published on November 21, 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: Investorplace.com and their article: “Facebook Inc Insider Stock Sales Pile Up (FB)” published on November 23, 2016 as well as Fool.com‘s news article titled: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” with publication date: November 17, 2016.
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By Peter Erickson