Facebook, Inc. (NASDAQ:FB) CRO David B. Fischer Sells 11,638 Shares

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Facebook, Inc. (NASDAQ:FB) CRO David B. Fischer sold 11,638 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $202.00, for a total transaction of $2,350,876.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David B. Fischer also recently made the following trade(s):

  • On Thursday, October 31st, David B. Fischer sold 5,562 shares of Facebook stock. The shares were sold at an average price of $196.60, for a total transaction of $1,093,489.20.

FB stock traded down $0.11 during trading on Wednesday, reaching $198.71. 8,456,040 shares of the company’s stock were exchanged, compared to its average volume of 11,843,278. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. The company’s fifty day moving average price is $193.51 and its 200-day moving average price is $188.37. The firm has a market cap of $567.90 billion, a PE ratio of 26.25, a P/E/G ratio of 1.13 and a beta of 1.05.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. The business had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The company’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. As a group, sell-side analysts expect that Facebook, Inc. will post 8.61 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Financial Advantage Inc. acquired a new position in shares of Facebook in the 3rd quarter worth approximately $28,000. Shamrock Asset Management LLC acquired a new stake in Facebook during the 2nd quarter valued at $38,000. Litman Gregory Asset Management LLC bought a new position in Facebook in the 2nd quarter valued at $41,000. Spectrum Management Group Inc. boosted its position in shares of Facebook by 135.3% in the 2nd quarter. Spectrum Management Group Inc. now owns 240 shares of the social networking company’s stock worth $46,000 after purchasing an additional 138 shares during the last quarter. Finally, Mcmillion Capital Management Inc. bought a new position in shares of Facebook in the 2nd quarter worth $52,000. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. BidaskClub raised Facebook from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. UBS Group dropped their price objective on Facebook from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $205.00 price objective (up from $180.00) on shares of Facebook in a research note on Monday, October 28th. They noted that the move was a valuation call. Wedbush reduced their price objective on Facebook from $265.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Summit Insights started coverage on Facebook in a research note on Friday, September 27th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $229.19.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

Further Reading: Strike Price

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

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