Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 5,300 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $153.44, for a total value of $813,232.00. Following the completion of the transaction, the insider now directly owns 120,737 shares in the company, valued at approximately $18,525,885.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ:FB traded down $2.91 during mid-day trading on Friday, reaching $144.96. The stock had a trading volume of 17,305,303 shares, compared to its average volume of 25,838,898. The company has a market cap of $440.19 billion, a P/E ratio of 23.53, a PEG ratio of 0.92 and a beta of 0.55. Facebook, Inc. has a twelve month low of $139.03 and a twelve month high of $218.62.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.30. The firm had revenue of $13.73 billion during the quarter, compared to the consensus estimate of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 earnings per share. As a group, analysts predict that Facebook, Inc. will post 7.35 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC lifted its position in shares of Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock valued at $121,000 after acquiring an additional 406 shares during the period. IMA Wealth Inc. acquired a new stake in shares of Facebook during the 2nd quarter valued at approximately $122,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Facebook during the 2nd quarter valued at approximately $134,000. Aviance Capital Management LLC acquired a new stake in shares of Facebook during the 2nd quarter valued at approximately $151,000. Finally, Arlington Partners LLC acquired a new stake in shares of Facebook during the 3rd quarter valued at approximately $164,000. Hedge funds and other institutional investors own 60.25% of the company’s stock.
Several research firms recently commented on FB. Wells Fargo & Co reissued a “buy” rating and issued a $220.00 target price (down previously from $250.00) on shares of Facebook in a report on Thursday, July 26th. Wedbush reaffirmed a “buy” rating and set a $250.00 price objective on shares of Facebook in a report on Thursday, July 26th. Monness Crespi & Hardt dropped their price objective on Facebook from $225.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Citigroup lowered Facebook to a “buy” rating and dropped their price objective for the stock from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “buy” rating and set a $215.00 price objective (down previously from $245.00) on shares of Facebook in a report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $194.54.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
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