Facebook Inc (NASDAQ:FB) Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,129,037.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Facebook Inc (FB) traded up $4.08 during mid-day trading on Thursday, reaching $180.14. 20,361,248 shares of the company’s stock traded hands, compared to its average volume of 16,960,707. Facebook Inc has a 12-month low of $114.77 and a 12-month high of $184.25. The firm has a market cap of $502,210.81, a price-to-earnings ratio of 33.30, a P/E/G ratio of 1.10 and a beta of 0.69.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the business earned $1.09 EPS. The company’s revenue was up 47.3% compared to the same quarter last year. equities research analysts predict that Facebook Inc will post 5.86 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. D. Scott Neal Inc. grew its position in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Facebook in the 3rd quarter valued at about $111,000. Farmers & Merchants Investments Inc. grew its position in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services grew its position in shares of Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook in the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 57.86% of the company’s stock.
A number of brokerages have recently commented on FB. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research report on Tuesday, November 7th. Aegis upped their price objective on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada upped their price objective on shares of Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Barclays increased their price target on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group increased their price target on shares of Facebook to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $200.70.
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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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