Facebook Inc. (FB) Insider Christopher K. Cox Sells 52,817 Shares
Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 52,817 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $127.86, for a total value of $6,753,181.62. Following the transaction, the insider now directly owns 390,533 shares of the company’s stock, valued at $49,933,549.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Facebook Inc. (NASDAQ:FB) opened at 128.57 on Wednesday. The firm has a market cap of $369.21 billion, a price-to-earnings ratio of 61.46 and a beta of 0.77. Facebook Inc. has a 52-week low of $89.37 and a 52-week high of $131.98. The company has a 50-day moving average of $128.40 and a 200 day moving average of $120.48.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The company earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 59.2% on a year-over-year basis. On average, equities research analysts anticipate that Facebook Inc. will post $3.94 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in FB. Stelac Advisory Services LLC purchased a new position in shares of Facebook during the first quarter worth approximately $106,000. Capital Advisors Ltd. LLC increased its position in shares of Facebook by 182.2% in the third quarter. Capital Advisors Ltd. LLC now owns 1,092 shares of the social networking company’s stock worth $140,000 after buying an additional 705 shares during the period. Bartlett & Co. LLC increased its position in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock worth $128,000 after buying an additional 91 shares during the period. West Oak Capital LLC increased its position in shares of Facebook by 53.3% in the third quarter. West Oak Capital LLC now owns 1,150 shares of the social networking company’s stock worth $148,000 after buying an additional 400 shares during the period. Finally, Kings Point Capital Management increased its position in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock worth $136,000 after buying an additional 200 shares during the period. 56.63% of the stock is owned by institutional investors.
Several research firms have recently issued reports on FB. Robert W. Baird reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Facebook in a research report on Tuesday. BTIG Research reissued a “neutral” rating on shares of Facebook in a research report on Tuesday. Nomura reissued a “buy” rating and issued a $155.00 target price on shares of Facebook in a research report on Tuesday. Credit Suisse Group AG set a $170.00 target price on Facebook and gave the company an “outperform” rating in a research report on Monday. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $170.00 target price on shares of Facebook in a research report on Saturday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $150.30.
Facebook Company Profile
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.
Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.