Insider Selling: Facebook, Inc. (NASDAQ:FB) VP Sells 4,699 Shares of Stock

Facebook, Inc. (NASDAQ:FB) VP David B. Fischer sold 4,699 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Thursday, August 24th, David B. Fischer sold 16,298 shares of Facebook stock. The shares were sold at an average price of $168.88, for a total transaction of $2,752,406.24.
  • On Thursday, August 10th, David B. Fischer sold 50,533 shares of Facebook stock. The stock was sold at an average price of $169.95, for a total value of $8,588,083.35.

Facebook, Inc. (NASDAQ:FB) opened at $178.46 on Friday. The company has a market cap of $518,570.53, a price-to-earnings ratio of 34.39, a PEG ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $182.90.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the previous year, the company earned $1.09 EPS. Facebook’s revenue was up 47.3% on a year-over-year basis. equities research analysts forecast that Facebook, Inc. will post 5.81 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Hartford Financial Management Inc. boosted its position in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC lifted its position in Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after purchasing an additional 18 shares during the period. Halbert Hargrove Russell LLC lifted its position in Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after purchasing an additional 19 shares during the period. Enterprise Financial Services Corp lifted its position in Facebook by 1.0% during the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after purchasing an additional 21 shares during the period. Finally, Wagner Bowman Management Corp lifted its position in Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after purchasing an additional 25 shares during the period. 57.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reissued a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Finally, Macquarie set a $175.00 price objective on Facebook and gave the company a “buy” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus target price of $197.95.

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)

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