Facebook Inc (NASDAQ:FB) Director Jan Koum sold 1,253,906 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total transaction of $221,326,948.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Facebook Inc (FB) opened at $177.91 on Thursday. The stock has a market cap of $516,830.00, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. Facebook Inc has a fifty-two week low of $133.46 and a fifty-two week high of $195.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts predict that Facebook Inc will post 7.28 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the period. BlackRock Inc. raised its stake in Facebook by 3.6% in the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock valued at $25,793,297,000 after acquiring an additional 5,107,163 shares during the period. Capital World Investors raised its stake in Facebook by 1.5% in the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after acquiring an additional 833,810 shares during the period. Northern Trust Corp raised its stake in Facebook by 0.4% in the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after acquiring an additional 114,694 shares during the period. Finally, Geode Capital Management LLC raised its stake in Facebook by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after acquiring an additional 1,010,306 shares during the period. Institutional investors own 57.32% of the company’s stock.
Several analysts have recently commented on the stock. Pivotal Research reaffirmed a “sell” rating and set a $152.00 price objective on shares of Facebook in a research report on Monday, February 12th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price objective for the company in a research report on Monday, February 5th. Argus lifted their price target on shares of Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho lifted their price target on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Goldman Sachs Group set a $225.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $214.70.
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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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