Facebook Inc (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Friday, April 21st. The shares were sold at an average price of $143.95, for a total value of $2,303,200.00. Following the completion of the sale, the insider now directly owns 181,431 shares of the company’s stock, valued at approximately $26,116,992.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Facebook Inc (NASDAQ:FB) traded down 0.08% during mid-day trading on Friday, reaching $143.68. 12,381,178 shares of the company’s stock traded hands. The company’s 50 day moving average is $140.15 and its 200-day moving average is $129.41. Facebook Inc has a 52 week low of $106.31 and a 52 week high of $144.25. The firm has a market cap of $415.23 billion, a price-to-earnings ratio of 41.13 and a beta of 0.68. Facebook also was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 78,065 put options on the stock. This represents an increase of 109% compared to the average volume of 37,299 put options.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.10. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the business earned $0.79 EPS. The company’s revenue was up 50.8% compared to the same quarter last year. Equities analysts expect that Facebook Inc will post $5.44 earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on the company. Barclays PLC reaffirmed a “neutral” rating on shares of Facebook in a research report on Friday, April 14th. Vetr downgraded Facebook from a “buy” rating to a “hold” rating and set a $147.81 price objective for the company. in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating on shares of Facebook in a research report on Monday, March 27th. Aegis lifted their price objective on Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-six have given a buy rating and four have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $157.91.
A number of large investors have recently modified their holdings of FB. Nwam LLC raised its position in Facebook by 31.6% in the third quarter. Nwam LLC now owns 18,678 shares of the social networking company’s stock valued at $2,396,000 after buying an additional 4,481 shares in the last quarter. First Quadrant L P CA raised its position in Facebook by 1.4% in the third quarter. First Quadrant L P CA now owns 241,642 shares of the social networking company’s stock valued at $30,995,000 after buying an additional 3,430 shares in the last quarter. Aviva PLC raised its position in Facebook by 7.6% in the fourth quarter. Aviva PLC now owns 1,638,062 shares of the social networking company’s stock valued at $188,606,000 after buying an additional 115,558 shares in the last quarter. Amtrust Financial Services Inc. purchased a new position in Facebook during the fourth quarter valued at $1,420,000. Finally, Ngam Advisors L.P. raised its position in Facebook by 4.8% in the third quarter. Ngam Advisors L.P. now owns 847,654 shares of the social networking company’s stock valued at $108,729,000 after buying an additional 38,715 shares in the last quarter. Hedge funds and other institutional investors own 57.00% of the company’s stock.
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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