Facebook Inc. (FB) Insider Christopher K. Cox Sells 15,600 Shares
Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $127.18, for a total value of $1,984,008.00. Following the transaction, the insider now directly owns 379,162 shares of the company’s stock, valued at $48,221,823.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Facebook Inc. (NASDAQ:FB) opened at 129.23 on Thursday. The firm has a 50-day moving average price of $126.73 and a 200 day moving average price of $118.90. Facebook Inc. has a 12-month low of $88.36 and a 12-month high of $131.98. The firm has a market cap of $371.11 billion, a PE ratio of 61.77 and a beta of 0.76.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s quarterly revenue was up 59.2% compared to the same quarter last year. Equities research analysts forecast that Facebook Inc. will post $3.94 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock valued at $15,940,195,000 after buying an additional 3,400,653 shares in the last quarter. State Street Corp raised its stake in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock worth $9,792,722,000 after buying an additional 1,950,433 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Facebook by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 59,448,041 shares of the social networking company’s stock worth $6,793,722,000 after buying an additional 995,651 shares in the last quarter. Capital World Investors raised its stake in Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock worth $3,786,244,000 after buying an additional 9,686,624 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock worth $2,210,464,000 after buying an additional 690,650 shares in the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.
A number of brokerages recently issued reports on FB. Zacks Investment Research downgraded Facebook from a “strong-buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Facebook from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America Corp. reiterated a “buy” rating and issued a $150.00 price objective on shares of Facebook in a research note on Monday. Cowen and Company reiterated an “outperform” rating and issued a $150.00 price objective on shares of Facebook in a research note on Monday. Finally, Credit Agricole SA reiterated a “buy” rating on shares of Facebook in a research note on Friday, September 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $149.79.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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