Facebook Inc. (FB) Insider Christopher K. Cox Sells 5,934 Shares
Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 5,934 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $128.51, for a total value of $762,578.34. Following the completion of the transaction, the insider now directly owns 400,696 shares in the company, valued at approximately $51,493,442.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Facebook Inc. (NASDAQ:FB) opened at 128.64 on Wednesday. Facebook Inc. has a 1-year low of $85.72 and a 1-year high of $131.98. The firm has a market capitalization of $369.41 billion, a price-to-earnings ratio of 61.49 and a beta of 0.76. The firm’s 50-day moving average is $125.93 and its 200-day moving average is $118.04.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. On average, equities analysts anticipate that Facebook Inc. will post $3.94 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in FB. Osborne Partners Capital Management LLC boosted its position in shares of Facebook by 3.6% in the first quarter. Osborne Partners Capital Management LLC now owns 2,900 shares of the social networking company’s stock worth $331,000 after buying an additional 100 shares in the last quarter. RNC Capital Management LLC acquired a new position in shares of Facebook during the first quarter worth about $364,000. F&V Capital Management LLC acquired a new position in shares of Facebook during the first quarter worth about $317,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Facebook by 12.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 12,053 shares of the social networking company’s stock worth $1,375,000 after buying an additional 1,357 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its position in shares of Facebook by 2.2% in the first quarter. Heritage Investors Management Corp now owns 2,944 shares of the social networking company’s stock worth $336,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.
A number of analysts have weighed in on FB shares. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $136.45 target price for the company in a report on Monday, September 12th. Societe Generale set a $80.00 target price on Facebook and gave the stock a “sell” rating in a report on Thursday, July 7th. Robert W. Baird upgraded Facebook to a “buy” rating in a report on Monday, July 18th. Citigroup Inc. upped their target price on Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday. Finally, Jefferies Group set a $170.00 target price on Facebook and gave the stock a “buy” rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $149.45.
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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