Facebook Inc. (FB) Insider Christopher K. Cox Sells 71,944 Shares
Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 71,944 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $117.06, for a total value of $8,421,764.64. Following the completion of the sale, the insider now directly owns 379,068 shares of the company’s stock, valued at $44,373,700.08. The sale was disclosed in a filing with the SEC, which is available at this link.
Facebook Inc. (NASDAQ:FB) traded up 0.21% during midday trading on Thursday, hitting $116.59. 7,600,874 shares of the company were exchanged. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a 50 day moving average of $126.80 and a 200-day moving average of $122.49. The stock has a market capitalization of $272916.78 billion, a price-to-earnings ratio of 45.02 and a beta of 0.76.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the previous year, the company earned $0.57 earnings per share. Facebook’s quarterly revenue was up 55.8% on a year-over-year basis. Equities analysts expect that Facebook Inc. will post $4.09 earnings per share for the current year.
A number of research firms have recently weighed in on FB. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $162.00 price target on shares of Facebook in a research note on Thursday. MKM Partners lowered their price objective on Facebook from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $133.31 price objective on the stock in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Facebook in a report on Thursday, November 10th. Finally, Global Equities Research reissued a “buy” rating and set a $160.00 price objective on shares of Facebook in a report on Sunday, November 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $150.67.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted 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. BlackRock Institutional Trust Company N.A. boosted its position in shares of Facebook by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 61,107,258 shares of the social networking company’s stock valued at $7,838,228,000 after buying an additional 1,659,217 shares in the last quarter. Capital World Investors boosted its stake in shares of Facebook by 2.8% in the third quarter. Capital World Investors now owns 34,067,024 shares of the social networking company’s stock worth $4,369,777,000 after buying an additional 935,732 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Facebook by 3.7% in the third quarter. BlackRock Fund Advisors now owns 30,413,666 shares of the social networking company’s stock worth $3,901,161,000 after buying an additional 1,092,664 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Facebook by 1.2% in the third quarter. Northern Trust Corp now owns 26,421,414 shares of the social networking company’s stock worth $3,389,075,000 after buying an additional 314,209 shares during the period. Institutional investors own 56.87% of the company’s stock.
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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