Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $164.28, for a total value of $2,628,480.00. Following the transaction, the insider now owns 196,871 shares in the company, valued at approximately $32,341,967.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Facebook, Inc. (NASDAQ:FB) traded up 0.30% during midday trading on Friday, reaching $167.41. 15,092,338 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $163.39 and a 200 day moving average price of $148.53. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The company has a market cap of $486.19 billion, a price-to-earnings ratio of 37.47 and a beta of 0.70.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. Facebook’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. Analysts anticipate that Facebook, Inc. will post $5.33 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI raised its position in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. raised 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 buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. raised 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 buying an additional 34 shares during the period. Cohen Capital Management Inc. bought a new position in shares of Facebook during the first quarter worth approximately $121,000. Finally, Cable Hill Partners LLC raised its position in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 57.40% of the company’s stock.
A number of research analysts have commented on the company. UBS AG set a $168.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, May 4th. Robert W. Baird restated an “outperform” rating and set a $163.00 price objective on shares of Facebook in a research note on Thursday, May 4th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $154.73 price objective on the stock in a research note on Wednesday, May 17th. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Mizuho restated a “buy” rating on shares of Facebook in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average price target of $183.47.
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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