Facebook Inc (FB) Short Interest Update

Facebook Inc (NASDAQ:FB) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 22,647,815 shares, a decrease of 9.6% from the January 12th total of 25,059,215 shares. Based on an average daily trading volume, of 25,447,824 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the shares of the company are sold short.

Several analysts recently issued reports on the company. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price for the company in a research report on Wednesday, January 10th. Aegis increased their target price on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup reiterated a “buy” rating and set a $220.00 target price on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $214.59.

In other Facebook news, insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the sale, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total value of $2,874,080.00. Following the completion of the sale, the insider now owns 56,622 shares of the company’s stock, valued at approximately $10,171,009.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,548,013 shares of company stock valued at $278,500,923. Company insiders own 17.23% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after acquiring an additional 8,788,743 shares during the period. Truepoint Inc. increased its holdings in shares of Facebook by 16,822.1% in the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock valued at $6,137,000 after acquiring an additional 6,100,871 shares during the period. Vanguard Group Inc. increased its holdings in shares of Facebook by 3.3% in the 2nd 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 period. BlackRock Inc. increased its holdings in shares of Facebook by 3.6% in the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock valued at $25,793,297,000 after acquiring an additional 5,107,163 shares during the period. Finally, Harding Loevner LP increased its holdings in shares of Facebook by 229.7% in the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after acquiring an additional 2,966,978 shares during the period. Institutional investors own 57.80% of the company’s stock.

Facebook (NASDAQ:FB) opened at $176.11 on Friday. The company has a market capitalization of $511,600.00, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.58. Facebook has a fifty-two week low of $132.55 and a fifty-two week high of $195.32.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. analysts forecast that Facebook will post 7.22 EPS for the current year.

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About Facebook

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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