Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Facebook Inc (NASDAQ FB) traded down $2.60 during midday trading on Friday, reaching $177.36. 20,812,531 shares of the company traded hands, compared to its average volume of 27,400,000. Facebook Inc has a 52-week low of $132.90 and a 52-week high of $195.32. The stock has a market capitalization of $507,790.00, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 0.93 and a beta of 0.58.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. equities analysts expect that Facebook Inc will post 7.28 EPS for the current year.
Several equities research analysts have issued reports on FB shares. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. BidaskClub cut shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Monness Crespi & Hardt raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Friday, October 27th. Wedbush set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $190.00 target price on shares of Facebook in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $214.70.
Institutional investors and hedge funds have recently bought and sold shares of the company. Palisade Capital Management LLC NJ raised its stake in shares of Facebook by 2.4% during the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Facebook by 3.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock worth $1,215,867,000 after buying an additional 231,883 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Facebook by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after buying an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Facebook by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after buying an additional 907 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Facebook by 2.9% in the third quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after buying an additional 11,940 shares during the last quarter. Institutional investors own 57.67% of the company’s stock.
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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.
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