Christopher K. Cox Sells 52,817 Shares of Facebook Inc. (FB) Stock
Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 52,817 shares of the stock in a transaction on Monday, October 17th. The shares were 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 in the company, valued at $49,933,549.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Facebook Inc. (NASDAQ:FB) traded up 0.81% during mid-day trading on Tuesday, hitting $128.57. 13,503,967 shares of the stock traded hands. The stock has a market cap of $369.21 billion, a P/E ratio of 61.46 and a beta of 0.77. The firm’s 50 day moving average price is $128.40 and its 200-day moving average price is $120.48. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $131.98.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, topping 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 business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 59.2% compared to the same quarter last year. Analysts predict that Facebook Inc. will post $3.94 earnings per share for the current year.
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Several equities analysts have recently weighed in on FB shares. SunTrust Banks Inc. reissued a “buy” rating and set a $135.00 price target on shares of Facebook in a report on Wednesday, July 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $150.00 target price on shares of Facebook in a report on Tuesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $165.00 target price on shares of Facebook in a report on Tuesday, June 21st. MKM Partners reaffirmed a “buy” rating and issued a $150.00 target price on shares of Facebook in a report on Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. set a $142.00 target price on Facebook and gave the stock a “buy” rating in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $150.30.
Several hedge funds and other institutional investors have recently bought and sold shares of FB. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Facebook by 2.1% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,962 shares of the social networking company’s stock valued at $636,000 after buying an additional 100 shares in the last quarter. David R. Rahn & Associates Inc. bought a new stake in Facebook during the third quarter valued at about $1,392,000. Graybill Bartz & Assoc Ltd. boosted its stake in Facebook by 0.6% in the third quarter. Graybill Bartz & Assoc Ltd. now owns 18,641 shares of the social networking company’s stock valued at $2,391,000 after buying an additional 105 shares in the last quarter. BKD Wealth Advisors LLC boosted its stake in Facebook by 72.7% in the third quarter. BKD Wealth Advisors LLC now owns 6,195 shares of the social networking company’s stock valued at $795,000 after buying an additional 2,607 shares in the last quarter. Finally, Evanson Asset Management LLC boosted its stake in Facebook by 10.4% in the third quarter. Evanson Asset Management LLC now owns 378,975 shares of the social networking company’s stock valued at $48,611,000 after buying an additional 35,606 shares in the last quarter. 56.63% of the stock is currently owned by institutional investors and hedge funds.
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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