Facebook, Inc. (FB) Short Interest Update

Facebook, Inc. (NASDAQ:FB) was the target of a significant decrease in short interest in September. As of September 28th, there was short interest totalling 26,649,709 shares, a decrease of 6.3% from the September 14th total of 28,455,674 shares. Based on an average daily trading volume, of 26,156,629 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.1% of the shares of the company are sold short.

FB has been the subject of several research analyst reports. Raymond James cut Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 target price for the company. in a research report on Thursday, July 26th. Royal Bank of Canada reiterated a “buy” rating and set a $195.00 target price on shares of Facebook in a research report on Monday, September 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $202.00 target price on shares of Facebook in a research report on Thursday, August 23rd. JPMorgan Chase & Co. increased their target price on Facebook from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 18th. Finally, MKM Partners cut their target price on Facebook to $230.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $205.40.

In related news, insider Christopher K. Cox sold 10,600 shares of the stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $210.66, for a total transaction of $2,232,996.00. Following the completion of the sale, the insider now owns 115,882 shares in the company, valued at $24,411,702.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 240,000 shares of the stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $216.71, for a total value of $52,010,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,996,396 shares of company stock valued at $1,127,539,059. Company insiders own 16.25% of the company’s stock.

Several large investors have recently bought and sold shares of FB. Cribstone Capital Management LLC lifted its stake in shares of Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after acquiring an additional 406 shares during the last quarter. IMA Wealth Inc. purchased a new position in shares of Facebook in the 2nd quarter valued at $122,000. Trust Department MB Financial Bank N A purchased a new position in shares of Facebook in the 2nd quarter valued at $134,000. Aviance Capital Management LLC purchased a new position in shares of Facebook in the 2nd quarter valued at $151,000. Finally, Marino Stram & Associates LLC increased its holdings in shares of Facebook by 115.3% in the 2nd quarter. Marino Stram & Associates LLC now owns 945 shares of the social networking company’s stock valued at $184,000 after acquiring an additional 506 shares during the period. 60.43% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FB opened at $153.35 on Friday. The company has a market capitalization of $477.76 billion, a PE ratio of 24.89, a P/E/G ratio of 1.05 and a beta of 0.42. Facebook has a 1 year low of $149.02 and a 1 year high of $218.62.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.01). The company had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.35 billion. Facebook had a net margin of 39.31% and a return on equity of 28.16%. Facebook’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. On average, sell-side analysts predict that Facebook will post 7.08 earnings per share for the current fiscal year.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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