Facebook, Inc. (NASDAQ:FB) CFO David M. Wehner sold 15,470 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.05, for a total transaction of $2,769,903.50. Following the sale, the chief financial officer now directly owns 67,539 shares in the company, valued at $12,092,857.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Facebook, Inc. (FB) opened at $180.87 on Friday. The firm has a market cap of $525,573.50, a price-to-earnings ratio of 34.85, a P/E/G ratio of 1.15 and a beta of 0.67. Facebook, Inc. has a 52 week low of $114.00 and a 52 week high of $182.90.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. research analysts expect that Facebook, Inc. will post 5.86 earnings per share for the current year.

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A number of large investors have recently modified their holdings of FB. Mutual of America Capital Management LLC lifted its stake in shares of Facebook by 2.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after acquiring an additional 6,740 shares during the period. Palisade Capital Management LLC NJ lifted its stake in shares of Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after acquiring an additional 602 shares during the period. ING Groep NV lifted its stake in shares of Facebook by 6.9% in the 2nd quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after acquiring an additional 37,822 shares during the period. Grand Jean Capital Management Inc. lifted its stake in shares of Facebook by 14.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after acquiring an additional 15,910 shares during the period. Finally, Segment Wealth Management LLC lifted its stake in shares of Facebook by 157.5% in the 1st quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after acquiring an additional 4,485 shares during the period. Hedge funds and other institutional investors own 57.44% of the company’s stock.

A number of brokerages have commented on FB. Cowen Inc reissued an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Wedbush reissued a “buy” rating on shares of Facebook in a research report on Thursday, July 27th. Aegis reissued a “buy” rating and issued a $200.00 price objective (up from $185.00) on shares of Facebook in a research report on Thursday, July 27th. Bank of America Corporation reissued a “buy” rating and issued a $190.00 price objective (up from $180.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, UBS Group AG reissued a “buy” rating and issued a $190.00 price objective (up from $168.00) on shares of Facebook in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and an average price target of $197.95.

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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