Major Move Is Coming For Facebook Inc After Bearish Options Activity

 Major Move Is Coming For Facebook Inc After Bearish Options Activity

In today’s session Facebook Inc (FB) recorded an unusually high (101) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FB decrease. With 101 contracts traded and 4344 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FB161216P00123000 closed last at: $3.95 or 6.8% up. About 5.34M shares traded hands. Facebook Inc (NASDAQ:FB) has risen 10.71% since April 26, 2016 and is uptrending. It has outperformed by 5.45% the S&P500.

Analysts await Facebook Inc (NASDAQ:FB) to report earnings on January, 25. They expect $1.09 earnings per share, up 84.75% or $0.50 from last year’s $0.59 per share. FB’s profit will be $3.14 billion for 27.94 P/E if the $1.09 EPS becomes a reality. After $0.88 actual earnings per share reported by Facebook Inc for the previous quarter, Wall Street now forecasts 23.86% EPS growth.

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. Facebook has been the topic of 113 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, November 5 by Oppenheimer. The company was maintained on Thursday, November 3 by JMP Securities. On Monday, September 19 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by SunTrust given on Thursday, April 28. The firm has “Outperform” rating by FBR Capital given on Thursday, July 30. The rating was maintained by Citigroup on Thursday, April 28 with “Buy”. The firm has “Buy” rating by Bank of America given on Thursday, November 5. The company was maintained on Friday, November 6 by Argus Research. The stock has “Outperform” rating given by Wedbush on Thursday, April 28. Wedbush maintained Facebook Inc (NASDAQ:FB) on Thursday, November 3 with “Outperform” 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 increased to 1.4 in Q2 2016. Its up 0.17, from 1.23 in 2016Q1. The ratio is positive, 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.
Cam Gru A S has invested 6.63% of its portfolio in Facebook Inc (NASDAQ:FB). Bender Robert & Assoc last reported 4.77% of its portfolio in the stock. Adell Harriman & Carpenter last reported 52,400 shares in the company. Symmetry Peak Ltd Liability has 0.48% invested in the company for 25,000 shares. Lpl Fincl Ltd Limited Liability Company last reported 98,668 shares in the company. Citigroup Inc, a New York-based fund reported 1.12M shares. Creative Planning has invested 0.75% of its portfolio in Facebook Inc (NASDAQ:FB). Sequoia Fin Advisors Llc has 8,474 shares for 0.27% of their US portfolio. Laurion Capital Mngmt Ltd Partnership last reported 64,356 shares in the company. Icon Advisers Company has 0.95% invested in the company for 122,250 shares. Invest House Ltd Llc accumulated 4.83% or 263,930 shares. Private Wealth Advsr Inc holds 1.17% or 20,937 shares in its portfolio. Friess Assocs Ltd Liability Company accumulated 1.86% or 159,089 shares. Berkshire Asset Management Ltd Limited Liability Company Pa holds 3,569 shares or 0.06% of its portfolio. Wetherby Asset Mgmt last reported 40,185 shares in the company.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 96 insider sales for $2.95 billion net activity. 1.00M shares with value of $130.01 million were sold by Koum Jan on Monday, October 10. 750 Facebook Inc (NASDAQ:FB) shares with value of $94,950 were sold by Stretch Colin. $2.05 million worth of Facebook Inc (NASDAQ:FB) was sold by Cox Christopher K on Monday, October 31. Another trade for 51,283 shares valued at $6.02M was sold by Schroepfer Michael Todd. Another trade for 218,000 shares valued at $28.33 million was sold by Sandberg Sheryl. Shares for $77,506 were sold by Desmond-Hellmann Susan on Thursday, August 18. Wehner David M. sold $2.70 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 $351.14 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 47.01 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: Investorplace.com which released: “This Could Send Facebook Inc (FB) Stock to the Guillotine” on November 29, 2016, also Bloomberg.com with their article: “Facebook to Hire 500 New Staff in Major U.K. Expansion” published on November 21, 2016, Fool.com published: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” on November 17, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “Facebook Inc Insider Stock Sales Pile Up (FB)” published on November 23, 2016 as well as Fool.com‘s news article titled: “Facebook, Inc. Has Had a Terrible Month” with publication date: November 16, 2016.

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