Earlier this morning we wrote about the the recent move by Facebook Inc (NASDAQ:FB) to stop showing Flash videos in streams. Well, as it turns out more news is coming from the world’s largest social media platform this afternoon, and it’s good news for Apple iPhone fans. Today the company has announced that Apple’s new Live photos are compatible within user’s streams. Apple’s Live photos are currently available on iPhone 6s devices and basically show a few frames before each photo is snapped. Each photo is basically a very short video clip.
The photos, for now, will only be viewable on other iOS 9 or later devices, so not everyone will be able to see the images you post as short video clips. The stock is currently trading higher by 0.40% or $0.42 following the positive news, hitting $104.46 per share at the time of us publishing this article. About 8.82 million shares traded hands. FB has risen 28.64% since May 18, 2015 and is uptrending. It has outperformed the S&P500 by 30.90%.
From a total of 33 analysts covering Facebook (NASDAQ:FB) stock, 32 rate it a “Buy”, 1 a “Sell”, and 0 a “Hold”. This means that 97% of the ratings are positive. The highest target price is $155.0 while the lowest target price is $88. The mean of all analyst targets is $122.65 which is 17.41% above today’s ($104.46) stock price. Facebook was the topic of 58 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on November 6 with a “Buy” rating. Morgan Stanley maintained shares with a”Overweight” rating and a $120 target share price in their report from a November 5. Canaccord Genuity maintained FB stock in a recent report from November 5 with a “Buy” rating. Credit Suisse maintained the rating on November 5. Credit Suisse has a “Outperform” rating and a $135 price target on shares. Finally, Jefferies maintained the stock with a “Buy” rating in a report they issued on a November 5.
The institutional sentiment increased to 1.73 in Q2 2015. It’s up 0.01, from 1.72 in 2015Q2. The ratio is positive, as 69 funds sold all their Facebook Inc shares they owned while 375 reduced their positions. 126 funds bought stakes while 643 increased their total positions. Institutions now own 1.55 billion shares which is 2.48% more than the previous share count of 1.51 billion in 2015Q2.
Millennium Tvp Management Co. Llc holds 52.76% of its total portfolio in Facebook Inc, equating to 639,552 shares. Parametric Risk Advisors Llc owns 7.97 million shares representing 46.51% of their total US portfolio. Moreover, Sc Us (Ttgp) Ltd. has 41.15% of their total portfolio invested in the company, equating to 1.04 million shares. The California-based Meritech Capital Associates Iii L.L.C. has a total of 37.81% of their portfolio invested in the stock. Duquesne Family Office Llc, a New York-based fund reported 4.09 million shares owned.
Since February 25, 2015, the stock had 0 buys, and 52 selling transactions for a total of $207.14 million in net activity. Athwal Jas sold 30,000 shares worth $3.06 million. Stretch Colin sold 1,000 shares worth $98,710. Cox Christopher K sold 5,778 shares worth $561,622. Schroepfer Michael Todd sold 31,283 shares worth $3.00M. The insider Fischer David B. sold 15,000 shares worth $1.43M.
Facebook, Inc. is a social networking company. The company has a market cap of $295.19 billion. The Firm is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It has 104.94 P/E ratio. It offers various services focused on people, marketers and developers.