Facebook, Inc. (NASDAQ:FB) produced a 62.37% rally since recording the worst price of $123.02. Thanks to the latest -0.48% decrease, it now trades at $199.75. Throughout the trading on 7/26/2019, the share price floated between $196.25 and $202.88. This company shares are 17% off its target price of $233.71 and the current market capitalization stands at $572.92B. The recent change has given its price a 5.91% lead over SMA 50 and -4.27% deficit over its 52-week high. The stock witnessed 6.44% gains, 4.31% gains and 34.05% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FB’s volatility during a week at 3.2% and during a month it has been found around 2.05%.
What Does Facebook, Inc. (FB) Do?
The company describes itself in regulatory filings as, “Facebook, Inc. engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. Its products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/FB/profile under company description.]Facebook, Inc. (FB) Top Holders
Institutional investors currently hold around $357.73 billion or 76% in FB stock. Look at its top three institutional owners: Vanguard Group Inc owns $35.4 billion in Facebook, Inc., which represents roughly 6.18% of the company’s market cap and approximately 9.9% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 147,548,367 shares of the stock are valued at $29.47 billion. The third largest holder is Fmr Llc, which currently holds $22.99 billion worth of this stock and that ownership represents nearly 4.01% of its market capitalization.Facebook, Inc. 13F Filings
At the end of March reporting period, 1,172 institutional holders increased their position in Facebook, Inc. (NASDAQ:FB) by some 115,762,071 shares, 1,090 decreased positions by 79,552,566 and 235 held positions by 1,596,000,000. That puts total institutional holdings at 1,791,000,000 shares, according to SEC filings. The stock grabbed 204 new institutional investments totaling 15,485,809 shares while 124 institutional investors sold out their entire positions totaling 11,263,745 shares.Facebook, Inc. (NASDAQ:FB) Insider Trades
Multiple company employees have indulged in significant insider trading. Facebook, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that COO Sandberg Sheryl has sold 55,000 shares of Facebook, Inc. (FB) in the trading session dated Jul. 08, 2019. These shares are worth $10,732,150 and were traded at $195.13 each. The SEC filing shows that Sandberg Sheryl performed a sale of 55,000 shares. The COO disposed these shares by way of transaction on Jun. 25, 2019. The company’s shares were given away at $189.76 per share worth to an income of some $10,436,800 to the account of Sandberg Sheryl.
COO, Sandberg Sheryl, sold 55,000 common shares of Facebook, Inc. (FB) in the open market. In a transaction dated Jun. 10, 2019, the shares were put up for sale at an average price of $175.82, raking in a sum of $9,670,100. After this sale, 1,312,845 common shares of FB are directly owned by the insider, with total stake valued at $262,240,789.
In the transaction dated May. 31, 2019, a great number of shares sold came courtesy the Chief Revenue Officer; FISCHER DAVID B. disposed a total of 11,572 shares at an average price of $180.28, amounting to approximately $2,086,200. The insider now directly owns 48,970 shares worth $9,781,758.Facebook, Inc. (FB) Analyst Guide
Several analysts have released their opinion on Facebook, Inc. (NASDAQ:FB), with 20 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 22 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation [T1].