Facebook Inc (NASDAQ:FB) today reported that their Messenger application now has over 800 million monthly active users. This represents staggering growth as the company had reported only 600 million active users back in March of last year.
These figures further back up the fact that Facebook Inc (NASDAQ:FB) is dominating our mobile lives. Besides their Messenger application, they have several other apps which have active monthly users in the hundreds of millions. This includes Instagram, which has 400 million active monthly users, WhatsApp with 900 million, and their flagship Facebook app with a staggering 1.5 billion monthly active users. If trends continue it is entirely possible that Facebook will have three separate applications which cater to over 1 billion active users a piece each month by the end of this year.
The stock has dropped 2.25% or $2.32 trading at $100.65, despite this positive news. Approximately 9.32 million shares traded hands. FB shares have risen 24.90% since June 3, 2015 and are currently uptrending. It has outperformed the S&P500 by 29.59%.
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 21.86% above today’s ($100.65) 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 insider purchases, and 47 sales for a total of $193.63 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 $3.00 million. The insider Fischer David B. sold 15,000 shares worth $1.43 million.
Facebook, Inc. is a social networking company. The company has a market cap of $291.34 billion. The Firm is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It has 101.11 P/E ratio. It offers various services focused on people, marketers and developers.