Christopher K. Cox Sells 16,000 Shares of Facebook Inc (FB) Stock
Facebook Inc (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $176.85, for a total value of $2,829,600.00. Following the sale, the insider now directly owns 48,407 shares of the company’s stock, valued at approximately $8,560,777.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Facebook Inc (NASDAQ:FB) opened at $176.96 on Wednesday. The firm has a market capitalization of $514,070.00, a PE ratio of 34.49, a PEG ratio of 1.14 and a beta of 0.69. Facebook Inc has a twelve month low of $114.77 and a twelve month high of $184.25.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. equities analysts forecast that Facebook Inc will post 5.86 EPS for the current fiscal year.
A number of research firms recently commented on FB. Pivotal Research reaffirmed a “sell” rating and issued a $140.00 price target on shares of Facebook in a research note on Wednesday, September 6th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $198.52 price target for the company in a research note on Wednesday. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $215.00 price target (up previously from $185.00) on shares of Facebook in a research note on Wednesday, September 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $195.00 price target on shares of Facebook in a research note on Friday, October 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target (up previously from $225.00) on shares of Facebook in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus price target of $200.73.
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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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