The stock of Facebook Inc (NASDAQ:FB) is a huge mover today! About 3.03M shares traded hands. Facebook Inc (NASDAQ:FB) has risen 18.77% since March 4, 2016 and is uptrending. It has outperformed by 10.74% the S&P500.
The move comes after 8 months positive chart setup for the $370.91 billion company. It was reported on Oct, 7 by Barchart.com. We have $172.71 PT which if reached, will make NASDAQ:FB worth $126.11 billion more.
Analysts await Facebook Inc (NASDAQ:FB) to report earnings on November, 2. They expect $0.76 EPS, up 111.11% or $0.40 from last year’s $0.36 per share. FB’s profit will be $2.19B for 42.40 P/E if the $0.76 EPS becomes a reality. After $0.76 actual EPS reported by Facebook Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Facebook Inc (NASDAQ:FB) Ratings Coverage
Out of 41 analysts covering Facebook (NASDAQ:FB), 39 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 95% are positive. Facebook has been the topic of 99 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Jefferies maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with “Buy” rating. Argus Research initiated Facebook Inc (NASDAQ:FB) on Thursday, October 8 with “Buy” rating. The rating was maintained by Deutsche Bank on Thursday, April 28 with “Buy”. The firm has “Buy” rating given on Thursday, July 30 by Needham. The firm has “Buy” rating given on Thursday, April 28 by Evercore. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, November 5 by Deutsche Bank. The stock has “Buy” rating given by M Partners on Tuesday, August 18. Deutsche Bank maintained the stock with “Buy” rating in Thursday, July 30 report. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, April 28 report. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, April 28 by Suntrust Robinson.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.23 in Q2 2016. Its down 0.06, from 1.29 in 2016Q1. The ratio fall, as 73 funds sold all Facebook Inc shares owned while 523 reduced positions. 118 funds bought stakes while 614 increased positions. They now own 1.59 billion shares or 3.98% less from 1.65 billion shares in 2016Q1.
Chilton Cap Mgmt Ltd reported 142,509 shares or 1.58% of all its holdings. Forte Capital Limited Liability Corp Adv reported 2,431 shares or 0.11% of all its holdings. Los Angeles Capital Mgmt & Equity Rech, a California-based fund reported 218,510 shares. Ashmore Wealth Management Limited Com owns 1.01M shares or 4.43% of their US portfolio. Night Owl Mgmt Lc has 40,222 shares for 3.28% of their US portfolio. Andra Ap holds 88,200 shares or 0.26% of its portfolio. Advisors Asset Mngmt has 0.47% invested in the company for 251,327 shares. L And S holds 435,490 shares or 11.3% of its portfolio. Duquesne Family Office Ltd Com, a New York-based fund reported 932,394 shares. Spectrum Mgmt Gru accumulated 14,660 shares or 0.69% of the stock. Hs Management Partners Ltd Com owns 457,940 shares or 2.18% of their US portfolio. Lansdowne Prtnrs (Uk) Limited Liability Partnership owns 5.58M shares or 5.95% of their US portfolio. Carret Asset Limited Co holds 0.76% or 34,367 shares in its portfolio. Aureus Asset Management Ltd Co last reported 0.61% of its portfolio in the stock. Hudson Canyon Counselors Ltd Llc has invested 1.9% of its portfolio in Facebook Inc (NASDAQ:FB).
Insider Transactions: Since April 11, 2016, the stock had 0 insider buys, and 102 sales for $3.33 billion net activity. Desmond-Hellmann Susan also sold $77,506 worth of Facebook Inc (NASDAQ:FB) on Thursday, August 18. Shares for $13.07M were sold by Sandberg Sheryl. FISCHER DAVID B. also sold $4.56M worth of Facebook Inc (NASDAQ:FB) shares. $204.51M worth of shares were sold by Koum Jan on Tuesday, May 31. Wehner David M. sold $2.72 million worth of Facebook Inc (NASDAQ:FB) on Sunday, May 15. Stretch Colin sold 400 shares worth $50,000. $8.06 million worth of shares were sold by Schroepfer Michael Todd on Sunday, May 15.
More notable recent Facebook Inc (NASDAQ:FB) news were published by: Fool.com which released: “Mark Your Calendar: Facebook, Inc. Earnings” on October 05, 2016, also Profitconfidential.com with their article: “Facebook Inc: Bulls & Bears Need to See these FB stock charts” published on October 07, 2016, Fool.com published: “Facebook, Inc. Rolls Out Marketplace — What Investors Need to Know” on October 03, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Valuewalk.com and their article: “Facebook Inc Considering Offering Free Internet For The U.S. [REPORT]” published on October 07, 2016 as well as Fool.com‘s news article titled: “Can Facebook, Inc. Continue to Surprise Investors?” with publication date: September 27, 2016.
FB Company Profile
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.
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