Facebook Inc (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $178.10, for a total transaction of $2,849,600.00. Following the sale, the insider now owns 16,010 shares of the company’s stock, valued at approximately $2,851,381. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Facebook Inc (NASDAQ FB) opened at $179.37 on Friday. The stock has a market cap of $521,210.00, a P/E ratio of 33.34, a P/E/G ratio of 1.02 and a beta of 0.68. Facebook Inc has a one year low of $126.78 and a one year high of $188.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings data 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 business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of FB. Country Trust Bank increased its position in shares of Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Facebook in the third quarter worth $111,000. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new stake in shares of Facebook in the third quarter worth $152,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
FB has been the subject of several research reports. Cowen reiterated an “average” rating and issued a $200.00 target price (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 6th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price target on shares of Facebook in a research report on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $200.00 price objective on shares of Facebook in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $203.72.
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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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