What’s Ahead for Facebook Inc After Today’s Bullish Options Activity?

 What's Ahead for Facebook Inc After Today's Bullish Options Activity?

In today’s session Facebook Inc (FB) registered an unusually high (4,413) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious FB increase. With 4,413 contracts traded and 21584 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: FB161216C00110000 closed last at: $19.05 or 5.7% down. About 5.66M shares traded hands. Facebook Inc (NASDAQ:FB) has risen 16.37% since March 14, 2016 and is uptrending. It has outperformed by 10.76% 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 $2.18 billion for 42.10 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. Facebook has been the topic of 100 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, April 28 by Oppenheimer. The firm has “Buy” rating given on Thursday, April 28 by Axiom Capital. The rating was maintained by UBS with “Buy” on Thursday, April 28. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Canaccord Genuity on Thursday, November 5. Bank of America maintained the stock with “Buy” rating in Sunday, August 16 report. Citigroup maintained it with “Buy” rating and $158 target price in Monday, September 19 report. As per Thursday, January 28, the company rating was maintained by Jefferies. Nomura maintained the shares of FB in a report on Thursday, November 5 with “Buy” rating. The firm earned “Buy” rating on Thursday, January 28 by Stifel Nicolaus. The company was maintained on Thursday, November 5 by Barclays Capital.

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 2016 Q2. Its down 0.06, from 1.29 in 2016Q1. The ratio fall, 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.
Fcg Limited Liability Company last reported 0.27% of its portfolio in the stock. Moors & Cabot Inc has invested 0.41% of its portfolio in Facebook Inc (NASDAQ:FB). Delta Asset Mgmt Limited Com Tn has 0.05% invested in the company for 2,566 shares. Columbus Circle has invested 2.34% of its portfolio in Facebook Inc (NASDAQ:FB). Weatherly Asset Management Limited Partnership has 29,794 shares for 0.61% of their US portfolio. Amer Asset Management holds 0.18% of its portfolio in Facebook Inc (NASDAQ:FB) for 2,375 shares. Springbok Mngmt Ltd Company accumulated 26,650 shares or 0.43% of the stock. Alta Capital Mngmt Lc holds 0.03% or 3,688 shares in its portfolio. Marco Management Limited Liability Co holds 9,822 shares or 0.21% of its portfolio. Cannell Peter B has 0.08% invested in the company for 18,665 shares. Matthew 25 Management, a Pennsylvania-based fund reported 9,000 shares. Wexford Cap L P holds 0.77% of its portfolio in Facebook Inc (NASDAQ:FB) for 38,869 shares. Jump Trading Ltd Limited Liability Company last reported 0.2% of its portfolio in the stock. Matterhorn Cap Management Ltd Co, a Texas-based fund reported 19,120 shares. Cetera Ltd Liability, a Colorado-based fund reported 40,505 shares.

Insider Transactions: Since April 18, 2016, the stock had 0 insider purchases, and 97 insider sales for $3.37 billion net activity. Koum Jan also sold $33.77M worth of Facebook Inc (NASDAQ:FB) shares. Another trade for 5,265 shares valued at $616,374 was sold by Wehner David M.. The insider Stretch Colin sold $1.75 million. $13.07M worth of shares were sold by Sandberg Sheryl on Thursday, May 12. $11.15 million worth of shares were sold by Schroepfer Michael Todd on Monday, August 1. Shares for $1.96M were sold by Cox Christopher K on Monday, August 29. $581,745 worth of Facebook Inc (NASDAQ:FB) was sold by Athwal Jas on Sunday, May 15.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $367.72 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 61.31 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: “Facebook, Inc.’s Workplace Platform Is Here — And It’s Priced Competitively” on October 11, 2016, also Fool.com with their article: “Mark Your Calendar: Facebook, Inc. Earnings” published on October 05, 2016, Fool.com published: “Better Buy: Facebook, Inc. vs Alphabet” on September 23, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Profitconfidential.com and their article: “FB Stock: Facebook Inc’s Next Move Could Send The Shares Soaring” published on October 08, 2016 as well as Fool.com‘s news article titled: “Can Facebook, Inc. Continue to Surprise Investors?” with publication date: September 27, 2016.

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