Notable Reporting: Facebook Inc’s Trend Down, Especially After Today’s Weak Session

Notable Reporting: Facebook Inc's Trend Down, Especially After Today's Weak Session

The stock of Facebook Inc (NASDAQ:FB) is a huge mover today! About 6.59 million shares traded hands. Facebook Inc (NASDAQ:FB) has risen 20.25% since March 10, 2016 and is uptrending. It has outperformed by 12.73% the S&P500.
The move comes after 9 months negative chart setup for the $365.41 billion company. It was reported on Oct, 13 by Barchart.com. We have $119.46 PT which if reached, will make NASDAQ:FB worth $21.92 billion less.

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 41.80 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. As per Friday, August 28, the company rating was maintained by Global Equities Research. Pivotal Research maintained the stock with “Buy” rating in Thursday, November 5 report. Citigroup maintained Facebook Inc (NASDAQ:FB) rating on Friday, April 1. Citigroup has “Buy” rating and $133 price target. The firm earned “Outperform” rating on Thursday, November 5 by RBC Capital Markets. Oppenheimer maintained it with “Outperform” rating and $130 target price in Thursday, November 5 report. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 28. On Thursday, April 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Facebook Inc (NASDAQ:FB) earned “Outperform” rating by Cowen & Co on Thursday, April 28. Barclays Capital maintained Facebook Inc (NASDAQ:FB) rating on Thursday, April 28. Barclays Capital has “Overweight” rating and $150 price target. The rating was maintained by Bank of America on Monday, August 10 with “Buy”.

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 dived, 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.
Riverpark Limited Liability Corporation reported 70,769 shares or 3.96% of all its holdings. Dana Investment has 0.38% invested in the company for 75,862 shares. Blume Capital Management owns 2,700 shares or 0.2% of their US portfolio. Atlanta Capital Grp Inc last reported 77,691 shares in the company. D E Shaw Co has invested 0.95% of its portfolio in Facebook Inc (NASDAQ:FB). The Bermuda-based Btg Pactual Glob Asset Management has invested 1.4% in Facebook Inc (NASDAQ:FB). Woodmont Counsel Ltd Liability owns 4,154 shares or 0.14% of their US portfolio. Franklin Resources accumulated 6.04 million shares or 0.37% of the stock. Pictet North America holds 2.66% or 99,747 shares in its portfolio. Moreover, Hall Laurie J Trustee has 0% invested in Facebook Inc (NASDAQ:FB) for 50 shares. Wg Shaheen Assocs Dba Whitney holds 0.31% of its portfolio in Facebook Inc (NASDAQ:FB) for 6,600 shares. Lombard Odier Asset Mgmt (Europe) reported 27,168 shares or 0.16% of all its holdings. Wellcome Trust (The) As Trustee Of The Wellcome Trust owns 2.35M shares or 6.11% of their US portfolio. River And Mercantile Asset Mgmt Ltd Liability Partnership last reported 0.97% of its portfolio in the stock. Geode Capital Management Ltd last reported 19.48M shares in the company.

Insider Transactions: Since April 14, 2016, the stock had 0 buys, and 96 sales for $3.30 billion net activity. Schroepfer Michael Todd sold $2.36 million worth of stock. The insider Wehner David M. sold $1.30M. 15,600 shares with value of $1.89 million were sold by Cox Christopher K on Monday, July 25. $96,725 worth of Facebook Inc (NASDAQ:FB) was sold by Stretch Colin on Tuesday, September 20. $204.51 million worth of shares were sold by Koum Jan on Tuesday, May 31. FISCHER DAVID B. had sold 23,625 shares worth $2.72M. 857,626 shares with value of $101.06 million were sold by THIEL PETER on Monday, May 2.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Fool.com which released: “Facebook, Inc.’s Workplace Platform Is Here — And It’s Priced Competitively” on October 11, 2016, also Wsj.com with their article: “Google, Facebook to Invest in US-China Data Link” published on October 12, 2016, Valuewalk.com published: “Facebook Inc (FB) Needs A “Second Act,” Will Oculus Fit The Bill?” on October 11, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “Mark Your Calendar: Facebook, Inc. Earnings” published on October 05, 2016 as well as Fool.com‘s news article titled: “Facebook, Inc. Rolls Out Marketplace — What Investors Need to Know” with publication date: October 03, 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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