Facebook Inc. (NASDAQ:FB) VP David B. Fischer sold 35,000 shares of Facebook stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $128.78, for a total transaction of $4,507,300.00. Following the completion of the transaction, the vice president now directly owns 169,686 shares of the company’s stock, valued at $21,852,163.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Facebook Inc. (NASDAQ:FB) opened at 128.99 on Monday. The firm’s 50-day moving average is $127.57 and its 200-day moving average is $119.71. Facebook Inc. has a 52 week low of $89.37 and a 52 week high of $131.98. The stock has a market capitalization of $370.42 billion, a price-to-earnings ratio of 61.66 and a beta of 0.77.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. Facebook’s revenue was up 59.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Facebook Inc. will post $3.94 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

Several research analysts have recently weighed in on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Facebook in a report on Sunday, July 10th. Cowen and Company reissued a “buy” rating and set a $145.00 price objective on shares of Facebook in a report on Sunday, July 17th. Raymond James Financial Inc. reissued an “outperform” rating and set a $140.00 price objective on shares of Facebook in a report on Friday, July 22nd. MKM Partners reissued a “buy” rating on shares of Facebook in a report on Sunday, July 24th. Finally, Jefferies Group reissued a “buy” rating and set a $170.00 price objective (up from $160.00) on shares of Facebook in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus price target of $149.99.

A number of hedge funds have recently bought and sold shares of FB. National Pension Service raised its stake in Facebook by 4.2% in the first quarter. National Pension Service now owns 1,063,800 shares of the social networking company’s stock worth $121,380,000 after buying an additional 43,338 shares during the last quarter. 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 during the last quarter. Factory Mutual Insurance Co. raised its stake in Facebook by 3.1% in the second quarter. Factory Mutual Insurance Co. now owns 837,000 shares of the social networking company’s stock worth $95,652,000 after buying an additional 25,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in Facebook by 36.9% in the first quarter. Renaissance Technologies LLC now owns 2,453,800 shares of the social networking company’s stock worth $279,979,000 after buying an additional 661,600 shares during the last quarter. Finally, Jackson Square Partners LLC raised its stake in Facebook by 21.4% in the first quarter. Jackson Square Partners LLC now owns 5,507,159 shares of the social networking company’s stock worth $628,366,000 after buying an additional 969,198 shares during the last quarter. 56.61% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:FB

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