Facebook, Inc. (NASDAQ:FB) Insider Christopher K. Cox Sells 16,000 Shares
Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $149.93, for a total value of $2,398,880.00. Following the sale, the insider now owns 184,965 shares of the company’s stock, valued at approximately $27,731,802.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Facebook, Inc. (NASDAQ:FB) traded up 0.61% on Friday, reaching $169.62. 10,777,727 shares of the company’s stock traded hands. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The firm’s 50-day moving average is $157.40 and its 200-day moving average is $145.43. The stock has a market cap of $492.61 billion, a price-to-earnings ratio of 37.96 and a beta of 0.70.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. Analysts anticipate that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in FB. HCR Wealth Advisors bought a new position in shares of Facebook during the fourth quarter worth $3,091,000. GSA Capital Partners LLP raised its position in shares of Facebook by 3,206.5% in the fourth quarter. GSA Capital Partners LLP now owns 67,287 shares of the social networking company’s stock worth $7,741,000 after buying an additional 65,252 shares in the last quarter. Aviva PLC raised its position in shares of Facebook by 7.6% in the fourth quarter. Aviva PLC now owns 1,638,062 shares of the social networking company’s stock worth $188,606,000 after buying an additional 115,558 shares in the last quarter. Amtrust Financial Services Inc. bought a new position in shares of Facebook during the fourth quarter worth $1,420,000. Finally, Independent Advisor Alliance bought a new position in shares of Facebook during the fourth quarter worth $6,418,000. 57.62% of the stock is owned by hedge funds and other institutional investors.
FB has been the subject of several recent research reports. Barclays PLC reiterated a “neutral” rating on shares of Facebook in a research note on Friday, April 14th. Aegis boosted their price target on Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 price target on shares of Facebook in a research note on Monday, April 17th. Credit Suisse Group boosted their price target on Facebook from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, April 17th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $150.00 price target on shares of Facebook in a research note on Monday, April 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and four have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $180.91.
Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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