Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 52,817 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $127.86, for a total transaction of $6,753,181.62. Following the completion of the sale, the insider now owns 390,533 shares in the company, valued at approximately $49,933,549.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Facebook Inc. (NASDAQ:FB) traded up 0.81% during trading on Tuesday, reaching $128.57. The company had a trading volume of 13,503,967 shares. Facebook Inc. has a one year low of $89.37 and a one year high of $131.98. The firm’s 50-day moving average price is $128.40 and its 200 day moving average price is $120.48. The firm has a market capitalization of $369.21 billion, a P/E ratio of 61.46 and a beta of 0.77.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.15. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The firm’s quarterly revenue was up 59.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Equities analysts forecast that Facebook Inc. will post $3.94 earnings per share for the current fiscal year.

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

Several research analysts recently commented on FB shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $165.00 target price on shares of Facebook in a research report on Tuesday, June 21st. Bank of America Corp. reaffirmed a “buy” rating and issued a $153.07 target price (up from $123.94) on shares of Facebook in a research report on Monday, August 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Facebook in a research report on Tuesday. Goldman Sachs Group Inc. raised their target price on Facebook from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, William Blair reissued an “outperform” rating on shares of Facebook in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $150.30.

Institutional investors have recently added to or reduced their stakes in the stock. National Pension Service boosted its position 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 valued at $121,380,000 after buying an additional 43,338 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $2,210,464,000 after buying an additional 690,650 shares during the last quarter. Factory Mutual Insurance Co. boosted its position 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 valued at $95,652,000 after buying an additional 25,000 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $279,979,000 after buying an additional 661,600 shares during the last quarter. Finally, Jackson Square Partners LLC boosted its position 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 valued at $628,366,000 after buying an additional 969,198 shares during the last quarter. 56.63% of the stock is currently owned by institutional investors and hedge funds.

About Facebook

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

Receive News & Stock Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related stocks with our FREE daily email newsletter.