Insider Selling: Facebook Inc. (FB) Insider Sells $1,806,948.00 in Stock
Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 15,600 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $115.83, for a total value of $1,806,948.00. Following the transaction, the insider now owns 379,068 shares of the company’s stock, valued at $43,907,446.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Christopher K. Cox also recently made the following trade(s):
- On Tuesday, November 15th, Christopher K. Cox sold 71,944 shares of Facebook stock. The stock was sold at an average price of $117.06, for a total value of $8,421,764.64.
Shares of Facebook Inc. (NASDAQ:FB) opened at 117.02 on Monday. The stock has a market capitalization of $337.27 billion, a price-to-earnings ratio of 45.11 and a beta of 0.76. The stock’s 50 day moving average is $126.18 and its 200-day moving average is $122.44. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $133.50.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.97 by $0.12. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The business’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. On average, analysts expect that Facebook Inc. will post $4.09 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the company. Stelac Advisory Services LLC acquired a new stake in Facebook during the first quarter worth $106,000. Farmers & Merchants Investments Inc. increased its stake in Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock worth $116,000 after buying an additional 96 shares during the period. Jacobus Wealth Management Inc. acquired a new stake in Facebook during the third quarter worth $121,000. Orinda Asset Management LLC acquired a new stake in Facebook during the third quarter worth $126,000. Finally, Bartlett & Co. LLC increased its stake in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock worth $128,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 56.67% of the company’s stock.
A number of research firms recently issued reports on FB. MKM Partners reiterated a “buy” rating on shares of Facebook in a report on Sunday, July 24th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $127.69 price objective for the company in a report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $170.00 price objective on Facebook and gave the stock a “buy” rating in a report on Thursday, July 28th. Atlantic Securities set a $150.00 price target on Facebook and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, FBN Securities increased their price target on Facebook from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $150.67.
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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