Could Facebook Inc See a Reversal After Today’s Strong Options Activity?

 Could Facebook Inc See a Reversal After Today's Strong Options Activity?

In today’s session Facebook Inc (FB) registered an unusually high (8,727) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious FB increase. With 8,727 contracts traded and 3374 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FB161118C00122000 closed last at: $1.78 or 78.9% down. About 5.16M shares traded hands. Facebook Inc (NASDAQ:FB) has risen 7.60% since April 5, 2016 and is uptrending. It has outperformed by 5.64% the S&P500.

Facebook Inc (NASDAQ:FB) Ratings Coverage

Out of 44 analysts covering Facebook (NASDAQ:FB), 41 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 93% are positive. $175 is the highest target while $88 is the lowest. The $144.27 average target is 18.67% above today’s ($121.57) stock price. Facebook has been the topic of 113 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 5 by Nomura. The firm has “Buy” rating given on Thursday, November 3 by Axiom Capital. The stock of Facebook Inc (NASDAQ:FB) has “Outperform” rating given on Thursday, April 28 by Cowen & Co. The firm earned “Overweight” rating on Thursday, January 28 by Piper Jaffray. M Partners maintained the shares of FB in a report on Tuesday, August 18 with “Buy” rating. The rating was downgraded by BTIG Research on Thursday, November 3 to “Neutral”. Axiom Capital maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with “Buy” rating. Bank of America maintained Facebook Inc (NASDAQ:FB) on Monday, August 10 with “Buy” rating. The rating was maintained by Morgan Stanley on Thursday, November 5 with “Overweight”. Monness Crespi & Hardt maintained it with “Buy” rating and $115 target price in Thursday, July 30 report.

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 dived, 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.
Rosenblum Silverman Sutton S F Ca, a California-based fund reported 95,435 shares. Susquehanna Limited Liability Partnership has 55,265 shares for 0% of their US portfolio. Schooner Investment Ltd Llc accumulated 6,500 shares or 1.81% of the stock. Nelson Roberts Invest Advsr Lc accumulated 1,833 shares or 0.08% of the stock. Equitec Proprietary Limited Liability Company last reported 0.01% of its portfolio in the stock. Reynders Mcveigh Ltd Co reported 10,274 shares or 0.17% of all its holdings. Allen Investment Management Limited Com holds 0.42% of its portfolio in Facebook Inc (NASDAQ:FB) for 47,014 shares. Zwj Invest Counsel reported 2,328 shares or 0.03% of all its holdings. Matterhorn Ltd, a Texas-based fund reported 19,120 shares. Bangor Natl Bank has invested 0.23% of its portfolio in Facebook Inc (NASDAQ:FB). Smith Moore &, a Missouri-based fund reported 3,484 shares. Tiverton Asset Management Limited Liability has 265,200 shares for 0.29% of their US portfolio. Whittier Trust Com accumulated 3,722 shares or 0.02% of the stock. Marketfield Asset Management Lc last reported 138,978 shares in the company. Palladium Ltd Llc holds 0.68% or 65,522 shares in its portfolio.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 99 sales for $3.03 billion net activity. $1.97M worth of Facebook Inc (NASDAQ:FB) was sold by Cox Christopher K. Another trade for 68,217 shares valued at $8.46M was sold by Schroepfer Michael Todd. Shares for $44.19 million were sold by Koum Jan. Another trade for 26,250 shares valued at $3.10 million was sold by FISCHER DAVID B.. $96,725 worth of Facebook Inc (NASDAQ:FB) was sold by Stretch Colin on Tuesday, September 20. Zuckerberg Mark sold $95.00 million worth of Facebook Inc (NASDAQ:FB) on Thursday, September 22. Sandberg Sheryl had sold 148,104 shares worth $19.04 million.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $342.83 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 58.23 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: Profitconfidential.com which released: “Facebook Inc: Here’s Why the Bears are Wrong on Facebook Stock” on November 06, 2016, also Profitconfidential.com with their article: “Facebook Inc: Analyst Issues Dire Warning on FB Stock” published on November 07, 2016, Fool.com published: “3 Things Facebook, Inc. Wants You to Know” on November 04, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Profitconfidential.com and their article: “Facebook Inc: This Is Why the Bears Are in Control of FB Stock” published on November 05, 2016 as well as Fool.com‘s news article titled: “Better Buy: Facebook Inc vs. Baidu Inc (ADR)” with publication date: November 02, 2016.

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