Short Interest in Facebook, Inc. (FB) Declines By 13.4%

Facebook, Inc. (NASDAQ:FB) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 23,279,334 shares, a decrease of 13.4% from the January 15th total of 26,877,321 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 27,930,592 shares, the short-interest ratio is presently 0.8 days.

NASDAQ:FB opened at $165.79 on Tuesday. The firm has a market capitalization of $486.09 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. Facebook has a 1-year low of $123.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.20. The firm had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. Research analysts forecast that Facebook will post 7.55 EPS for the current fiscal year.



In other news, insider Christopher K. Cox sold 15,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $150.07, for a total value of $2,386,113.00. Following the completion of the sale, the insider now owns 279,684 shares of the company’s stock, valued at approximately $41,972,177.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $171.21, for a total transaction of $128,407.50. Following the completion of the sale, the vice president now directly owns 93,930 shares of the company’s stock, valued at approximately $16,081,755.30. The disclosure for this sale can be found here. Insiders sold a total of 415,149 shares of company stock valued at $58,297,384 in the last ninety days. Corporate insiders own 16.25% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whitnell & Co. purchased a new stake in Facebook during the fourth quarter worth $26,000. Contravisory Investment Management Inc. lifted its holdings in Facebook by 153.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 121 shares in the last quarter. Jackson Grant Investment Advisers Inc. purchased a new position in Facebook during the fourth quarter valued at $31,000. Signet Investment Advisory Group Inc. purchased a new position in Facebook during the fourth quarter valued at $39,000. Finally, Ruggie Capital Group lifted its holdings in Facebook by 53.8% during the fourth quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock valued at $58,000 after purchasing an additional 156 shares in the last quarter. 60.49% of the stock is currently owned by hedge funds and other institutional investors.

FB has been the subject of several research reports. lowered their price target on shares of Facebook from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Loop Capital initiated coverage on shares of Facebook in a research report on Monday, October 15th. They issued a “buy” rating and a $210.00 price target for the company. Rosenblatt Securities initiated coverage on shares of Facebook in a research report on Tuesday, October 16th. They issued a “buy” rating and a $213.00 price target for the company. Zacks Investment Research raised shares of Facebook from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $202.00 price target on shares of Facebook in a research report on Friday, October 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and forty have issued a buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and an average price target of $190.62.

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Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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