Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the completion of the transaction, the insider now directly owns 194,666 shares of the company’s stock, valued at $33,313,192.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Facebook, Inc. (NASDAQ:FB) opened at 172.96 on Wednesday. The stock’s 50 day moving average price is $169.49 and its 200-day moving average price is $153.01. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The stock has a market capitalization of $502.31 billion, a PE ratio of 38.71 and a beta of 0.76.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current year.
FB has been the subject of a number of analyst reports. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $154.73 price target for the company in a research report on Wednesday, May 17th. Robert W. Baird restated an “outperform” rating and issued a $163.00 price target on shares of Facebook in a research report on Friday, May 19th. Piper Jaffray Companies restated an “overweight” rating on shares of Facebook in a research report on Monday, May 22nd. Needham & Company LLC restated a “buy” rating and issued a $165.00 price target on shares of Facebook in a research report on Monday, May 22nd. Finally, Aegis restated a “buy” rating on shares of Facebook in a research report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $183.74.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew 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 purchasing an additional 5,151,190 shares during the period. BlackRock Inc. grew 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 purchasing an additional 4,032,727 shares during the period. State Street Corp grew its position in shares of Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after purchasing an additional 1,536,158 shares during the period. Capital World Investors grew its position in shares of Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the period. Finally, Northern Trust Corp grew its position in shares of Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the period. 57.30% of the stock is owned by institutional investors and hedge funds.
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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