Facebook Inc. (NASDAQ:FB) CFO David M. Wehner sold 10,530 shares of Facebook stock in a transaction on Monday, November 21st. The stock was sold at an average price of $119.05, for a total value of $1,253,596.50. Following the completion of the transaction, the chief financial officer now owns 84,718 shares in the company, valued at $10,085,677.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Facebook Inc. (NASDAQ:FB) traded down 0.52% during mid-day trading on Wednesday, reaching $120.84. 15,672,136 shares of the company’s stock were exchanged. Facebook Inc. has a 52-week low of $89.37 and a 52-week high of $133.50. The firm has a market cap of $348.28 billion, a P/E ratio of 46.58 and a beta of 0.76. The company has a 50 day moving average price of $125.59 and a 200 day moving average price of $122.54.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. The company 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%. Facebook’s revenue was up 55.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. Analysts forecast that Facebook Inc. will post $4.09 earnings per share for the current fiscal year.

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

Several analysts have recently commented on FB shares. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $127.69 target price for the company in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $170.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, July 28th. Atlantic Securities set a $150.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, July 28th. FBN Securities raised their target price on Facebook from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Facebook in a research report on Thursday, November 3rd. One equities 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $150.70.

Several hedge funds have recently made changes to their positions in FB. Vaughan David Investments Inc. IL boosted its stake in shares of Facebook by 0.6% in the second quarter. Vaughan David Investments Inc. IL now owns 2,589 shares of the social networking company’s stock worth $296,000 after buying an additional 15 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock worth $140,000 after buying an additional 18 shares during the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Facebook by 1.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,120 shares of the social networking company’s stock worth $272,000 after buying an additional 20 shares during the period. Enterprise Financial Services Corp raised its stake in Facebook by 1.2% in the third quarter. Enterprise Financial Services Corp now owns 1,780 shares of the social networking company’s stock worth $228,000 after buying an additional 21 shares during the period. Finally, Roberts Glore & Co. Inc. IL raised its stake in Facebook by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,044 shares of the social networking company’s stock worth $234,000 after buying an additional 25 shares during the period. Institutional investors own 56.67% of the company’s stock.

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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

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