Facebook Inc. (FB) VP David B. Fischer Sells 7,821 Shares
Facebook Inc. (NASDAQ:FB) VP David B. Fischer sold 7,821 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $127.93, for a total transaction of $1,000,540.53. Following the completion of the sale, the vice president now directly owns 167,174 shares of the company’s stock, valued at $21,386,569.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Facebook Inc. (NASDAQ:FB) traded up 0.81% during mid-day trading on Tuesday, reaching $128.57. The company had a trading volume of 13,503,967 shares. Facebook Inc. has a one year low of $89.37 and a one year high of $131.98. The company has a market capitalization of $369.21 billion, a price-to-earnings ratio of 61.46 and a beta of 0.77. The company has a 50 day moving average price of $128.40 and a 200 day moving average price of $120.48.
Facebook (NASDAQ:FB) last released its quarterly earnings results 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. The business earned $6.44 billion during the quarter, compared to analyst estimates of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. Facebook’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. On average, analysts anticipate that Facebook Inc. will post $3.94 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC purchased a new position in Facebook during the first quarter worth $106,000. Bartlett & Co. LLC increased its position in 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. Kings Point Capital Management increased its position in 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. Balentine LLC increased its position in Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock worth $139,000 after buying an additional 1,015 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock worth $140,000 after buying an additional 18 shares during the period. 56.63% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on FB shares. Royal Bank Of Canada restated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a report on Tuesday, June 21st. Bank of America Corp. restated a “buy” rating and issued a $153.07 price objective (up previously from $123.94) on shares of Facebook in a report on Monday, August 1st. Robert W. Baird restated an “outperform” rating and issued a $155.00 price objective on shares of Facebook in a report on Tuesday. Goldman Sachs Group Inc. increased their price objective on Facebook from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, William Blair restated an “outperform” rating on shares of Facebook in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $150.30.
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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