Insider Selling: Facebook, Inc. (FB) Insider Sells 16,000 Shares of Stock
Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $152.35, for a total value of $2,437,600.00. Following the sale, the insider now directly owns 194,765 shares of the company’s stock, valued at $29,672,447.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Facebook, Inc. (NASDAQ:FB) traded up 1.09% on Friday, reaching $155.07. The company’s stock had a trading volume of 18,024,235 shares. The stock has a market capitalization of $449.42 billion, a P/E ratio of 39.43 and a beta of 0.66. Facebook, Inc. has a 52 week low of $108.23 and a 52 week high of $155.59. The firm has a 50 day moving average price of $150.76 and a 200 day moving average price of $137.35.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.83 billion. During the same period in the prior year, the company earned $0.77 EPS. The firm’s revenue was up 49.2% on a year-over-year basis. On average, equities analysts anticipate that Facebook, Inc. will post $4.85 EPS for the current year.
A number of hedge funds have recently made changes to their positions in FB. BlackRock Inc. boosted its stake in shares of Facebook by 2,611.9% in the first quarter. BlackRock Inc. now owns 134,844,586 shares of the social networking company’s stock worth $19,154,672,000 after buying an additional 129,872,250 shares during the period. Norges Bank acquired a new stake in shares of Facebook during the fourth quarter worth $2,046,500,000. Vanguard Group Inc. boosted its stake in shares of Facebook by 4.1% in the first quarter. Vanguard Group Inc. now owns 157,379,570 shares of the social networking company’s stock worth $22,355,767,000 after buying an additional 6,160,804 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Facebook by 997.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,018,514 shares of the social networking company’s stock worth $462,727,000 after buying an additional 3,652,302 shares during the period. Finally, State Street Corp boosted its stake in shares of Facebook by 2.8% in the fourth quarter. State Street Corp now owns 91,829,555 shares of the social networking company’s stock worth $10,564,984,000 after buying an additional 2,523,083 shares during the period. 57.66% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 price target on shares of Facebook in a research note on Saturday, June 3rd. Vetr lowered Facebook from a “buy” rating to a “hold” rating and set a $158.93 target price for the company. in a research report on Monday, June 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $170.00 target price on shares of Facebook in a research report on Wednesday, May 3rd. Nomura set a $165.00 target price on Facebook and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Instinet reaffirmed a “buy” rating and set a $165.00 target price on shares of Facebook in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and three have given a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average price target of $164.40.
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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