Facebook, Inc. (NASDAQ:FB) VP David B. Fischer sold 50,533 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $169.95, for a total value of $8,588,083.35. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Facebook, Inc. (FB) opened at 170.00 on Thursday. The company has a market capitalization of $493.71 billion, a PE ratio of 38.05 and a beta of 0.70. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The company has a 50 day moving average price of $163.00 and a 200 day moving average price of $148.40.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s revenue was up 44.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Equities analysts predict that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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Several brokerages have commented on FB. UBS AG reaffirmed a “buy” rating and set a $165.00 target price on shares of Facebook in a report on Wednesday, April 19th. Cowen and Company reaffirmed an “outperform” rating and set a $195.00 target price on shares of Facebook in a report on Thursday, August 10th. Robert W. Baird reaffirmed an “outperform” rating and set a $185.00 target price (up from $163.00) on shares of Facebook in a report on Thursday, July 27th. MKM Partners reaffirmed a “buy” rating and set a $200.00 target price (up from $180.00) on shares of Facebook in a report on Monday, August 7th. Finally, Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $183.47.

A number of institutional investors have recently modified their holdings of FB. Norges Bank purchased a new position in shares of Facebook during the fourth quarter valued at approximately $2,046,500,000. Janus Henderson Group PLC increased its position in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after buying an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. increased its position in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its position in shares of Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after buying an additional 2,523,918 shares during the last quarter. Institutional investors own 57.40% of the company’s stock.

About Facebook

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.

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

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