It’s long been known that the internet has made for the perfect environment for pedophiles to exchange photographs with each other. The government, ISPs, and local agencies try their best to limit these discusting acts as best as they can, but because of certain ways of becoming virtually anonymous these acts still continue in one form or another. Now Facebook Inc (NASDAQ:FB) is facing a bit of a controversy themselves, in part because of secret groups that some of their members are creating.
According to the BBC pedophiles are creating secret Facebook groups which are only open to invited members. In these groups the members — most of which are pedophiles — exchange photographs, comments, and videos of children. Any Facebook user can create these secret groups, and they remain completely invisible unless you are invitedt. The BBC found many images, some taken from other websites, some from children’s catalogs and others taken with cameras by members themselves. These groups were reported to Facebook, but because the images do not break the company’s terms of service, some continue to remain up.
This will be an issue that Facebook Inc (NASDAQ:FB) will have to deal with. They will have to decide if groups that appear to be aimed at pedophiles should remain up even if the images themselves are not pornographic in nature. This could be a major problem in the future if nothing is done about it.
The stock increased 0.10% or $0.1 on February 12, hitting $102.01. About 36.18 million shares traded hands. FB has risen 15.99% since July 10, 2015 and is uptrending. It has outperformed the S&P500 by 25.46%.
From a total of 34 analysts covering Facebook (NASDAQ:FB) stock, 33 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 $170 while the lowest target price is $88. The mean of all analyst targets is $125.06 which is 22.60% above today’s ($102.01) stock price. Facebook was the topic of 66 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray maintained shares on January 28 with a “Overweight” rating. Suntrust Robinson maintained shares with a”Buy” rating and a $120 target share price in their report from a January 25. Stifel Nicolaus maintained FB stock in a recent report from January 28 with a “Buy” rating. Morgan Stanley maintained the rating on November 5. Morgan Stanley has a “Overweight” rating and a $120 price target on shares. Finally, FBR Capital maintained the stock with a “Outperform” rating in a report they issued on a January 28.
The institutional sentiment increased to 1.73 in Q2 2015. It’s up 0.01, from 1.72 in 2015Q2. The ratio increased, 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 buys, and 25 insider sales for a total of $29.60 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 $290.63 billion. The Firm is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It has 79.08 P/E ratio. It offers various services focused on people, marketers and developers.