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.
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.
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.