What’s Next for Facebook Inc After Today’s Bearish Options Activity?


 What's Next for Facebook Inc After Today's Bearish Options Activity?

In today’s session Facebook Inc (FB) recorded an unusually high (716) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious FB decrease. With 716 contracts traded and 97964 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: FB180119P00100000 closed last at: $5.8 or 0.9% down. About 2.20M shares traded hands. Facebook Inc (NASDAQ:FB) has risen 16.59% since March 2, 2016 and is uptrending. It has outperformed by 8.33% the S&P500.

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 $2.17B for 42.30 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. $175 is the highest target while $88 is the lowest. The $140.60 average target is 9.33% above today’s ($128.6) stock price. Facebook has been the topic of 99 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, May 13, the company rating was maintained by M Partners. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Stifel Nicolaus on Thursday, April 28. The firm has “Outperform” rating given on Thursday, April 28 by RBC Capital Markets. The company was downgraded on Friday, October 30 by Jyske Bank. The firm has “Buy” rating by Jefferies given on Thursday, November 5. As per Friday, August 28, the company rating was maintained by Global Equities Research. Barclays Capital maintained the shares of FB in a report on Thursday, November 5 with “Overweight” rating. On Thursday, July 30 the stock rating was maintained by Mizuho with “Buy”. The company was maintained on Thursday, July 30 by Deutsche Bank. Pivotal Research maintained Facebook Inc (NASDAQ:FB) on Thursday, November 5 with “Buy” rating.

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 turned negative, 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.
S&Co holds 3,471 shares or 0.06% of its portfolio. Greenbrier Prtnrs Capital Lc holds 18.22% or 580,000 shares in its portfolio. Diligent Investors Limited Liability Company owns 3,695 shares or 0.4% of their US portfolio. Cadence Cap Llc has 0.35% invested in the company for 40,260 shares. Martingale Asset Mgmt L P last reported 121,156 shares in the company. Empire Cap Ltd Company owns 11,000 shares or 1.86% of their US portfolio. The Vermont-based Of Vermont has invested 0.68% in Facebook Inc (NASDAQ:FB). Benchmark Capital Advsr accumulated 1.43% or 15,380 shares. Confluence Wealth Management Limited Co has 0.79% invested in the company for 13,987 shares. Etrade Mngmt Ltd Limited Liability Company last reported 18,540 shares in the company. Lpl last reported 98,668 shares in the company. Nwi Management L P holds 1.53% of its portfolio in Facebook Inc (NASDAQ:FB) for 160,950 shares. Sentinel Lba, a Texas-based fund reported 2,009 shares. Rbf Ltd Liability Company last reported 86,700 shares in the company. Wealth Architects has invested 1.58% of its portfolio in Facebook Inc (NASDAQ:FB).

Insider Transactions: Since April 11, 2016, the stock had 0 insider buys, and 97 selling transactions for $3.15 billion net activity. Another trade for 21,050 shares valued at $2.61M was sold by FISCHER DAVID B.. Koum Jan sold 1.43 million shares worth $157.89M. On Thursday, August 18 the insider Desmond-Hellmann Susan sold $77,506. 20,000 Facebook Inc (NASDAQ:FB) shares with value of $2.36M were sold by Schroepfer Michael Todd. $4.09 million worth of Facebook Inc (NASDAQ:FB) was sold by Cox Christopher K on Friday, April 15. Shares for $109,350 were sold by Stretch Colin on Tuesday, April 12. Wehner David M. sold $1.30 million worth of stock.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $367.63 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 61.6 P/E ratio. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

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.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Fool.com which released: “Mark Your Calendar: Facebook, Inc. Earnings” on October 05, 2016, also Fool.com with their article: “Facebook, Inc. Rolls Out Marketplace — What Investors Need to Know” published on October 03, 2016, Investorplace.com published: “Wednesday’s Vital Data: Bank of America Corp (BAC), Facebook Inc (FB) and …” on October 05, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “Can Facebook, Inc. Continue to Surprise Investors?” published on September 27, 2016 as well as Investorplace.com‘s news article titled: “Facebook Inc’s Days as a Blue-Chip Stock Are Numbered (FB)” with publication date: October 04, 2016.

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