Christopher K. Cox Sells 16,000 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $179.63, for a total value of $2,874,080.00. Following the completion of the transaction, the insider now owns 56,622 shares in the company, valued at approximately $10,171,009.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Facebook, Inc. (NASDAQ:FB) opened at $180.87 on Friday. Facebook, Inc. has a 1-year low of $114.00 and a 1-year high of $182.90. The firm has a market capitalization of $525,573.50, a PE ratio of 34.85, a PEG ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the previous year, the business posted $1.09 EPS. Facebook’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts expect that Facebook, Inc. will post 5.86 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3052924/christopher-k-cox-sells-16000-shares-of-facebook-inc-fb-stock.html.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a report on Tuesday, November 7th. Aegis raised their price target on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Royal Bank Of Canada raised their price target on Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Barclays PLC raised their target price on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Jefferies Group LLC raised their target price on Facebook to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and a consensus target price of $197.95.

A number of institutional investors have recently made changes to their positions in FB. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook during the 3rd quarter worth approximately $111,000. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after purchasing an additional 34 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Facebook during the 3rd quarter worth approximately $152,000. Finally, Pacific Center for Financial Services increased its position in shares of Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares during the last quarter. 57.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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

Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.