Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $172.89, for a total value of $2,766,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Facebook, Inc. (NASDAQ:FB) traded down 0.53% on Tuesday, reaching $171.59. 11,341,081 shares of the company were exchanged. The stock has a market capitalization of $498.33 billion, a price-to-earnings ratio of 38.40 and a beta of 0.70. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The stock has a 50-day moving average price of $170.20 and a 200 day moving average price of $157.86.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the business earned $0.97 EPS. The business’s revenue was up 44.8% on a year-over-year basis. Analysts forecast that Facebook, Inc. will post $5.34 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in FB. Janus Henderson Group PLC lifted its stake in shares of Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after acquiring an additional 8,788,743 shares during the period. Vanguard Group Inc. lifted its stake in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after acquiring an additional 5,151,190 shares during the period. BlackRock Inc. lifted its stake in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after acquiring an additional 4,032,727 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Facebook by 15,047.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after acquiring an additional 2,523,918 shares during the period. Finally, Magellan Asset Management Ltd lifted its stake in shares of Facebook by 28.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after acquiring an additional 2,361,166 shares during the period. Institutional investors own 57.26% of the company’s stock.

Several research firms recently issued reports on FB. FBN Securities reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Facebook in a research report on Wednesday, September 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research report on Wednesday, September 27th. Cowen and Company reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Facebook in a research report on Thursday, August 10th. Pivotal Research cut Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $185.38.

About Facebook

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.

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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