Facebook, Inc. (FB) Insider Christopher K. Cox Sells 16,000 Shares
Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $171.13, for a total value of $2,738,080.00. Following the sale, the insider now directly owns 194,666 shares in the company, valued at $33,313,192.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Facebook, Inc. (NASDAQ FB) opened at 173.51 on Tuesday. The stock has a 50 day moving average price of $169.37 and a 200-day moving average price of $152.86. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The firm has a market capitalization of $503.91 billion, a price-to-earnings ratio of 38.83 and a beta of 0.76.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 44.8% compared to the same quarter last year. On average, analysts predict that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.
Several research firms recently commented on FB. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Facebook in a research report on Saturday, June 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $168.00 price objective (up from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective on the stock in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $192.00 price objective (up from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Atlantic Securities set a $200.00 price objective on Facebook and gave the company a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $183.74.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new stake in shares of Facebook during the second quarter worth about $1,538,000. Griffin Asset Management Inc. acquired a new stake in shares of Facebook during the second quarter worth about $242,000. Gs Investments Inc. acquired a new stake in shares of Facebook during the second quarter worth about $2,778,000. Achmea Investment Management B.V. increased its position in shares of Facebook by 15.8% during the second quarter. Achmea Investment Management B.V. now owns 81,297 shares of the social networking company’s stock worth $12,273,000 after purchasing an additional 11,084 shares in the last quarter. Finally, J.P. Marvel Investment Advisors LLC increased its position in Facebook by 9.4% in the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 33,837 shares of the social networking company’s stock valued at $5,109,000 after acquiring an additional 2,912 shares during the period. Institutional investors and hedge funds own 57.30% of the company’s stock.
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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