Facebook Inc (FB) Allowing Users to Access Their Site on the Dark Web Via Android OS

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When one hears the phrase ‘dark web,’ they usually think of silk road and other illegal websites operating on the sub networks of the internet, but Facebook Inc (NASDAQ:FB) actually has a presense on the dark web themselves.

For those who have no clue what the dark web is, it’s basically an undercover network of websites using the same internet as every other site does, but requiring a special browser to access the content. The Tor network is the most popular, and requires a browser that enables users to access websites with the .onion extension.

Facebook Inc (NASDAQ:FB) has a presence on the Tor network in order to allow those whose governments may have blocked the ordinary Facebook website to access the social network without the fear of government censorship. The week the company has announced that they have added support on the Android operating system for users to have the ability to access the undercover Facebook site. More details about this move can be found here.

The stock is up 3.27% or $3.08 following the news, hitting $97.24 per share. About 17.80 million shares traded hands. FB has risen 15.12% since June 17, 2015 and is uptrending. It has outperformed the S&P500 by 23.99%.

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 $122.77 which is 26.25% above today’s ($97.24) stock price. Facebook was the topic of 59 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 37 insider sales for a total of $168.57 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 $1.43M.

Facebook, Inc. is a social networking company. The company has a market cap of $268.33 billion. The Firm is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It has 97.69 P/E ratio. It offers various services focused on people, marketers and developers.

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