Facebook, Inc. (NASDAQ:FB) CFO David M. Wehner sold 15,470 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.05, for a total value of $2,769,903.50. Following the completion of the sale, the chief financial officer now directly owns 67,539 shares in the company, valued at $12,092,857.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Facebook, Inc. (FB) traded down $0.99 during trading on Wednesday, reaching $180.87. 10,371,083 shares of the company traded hands, compared to its average volume of 16,787,154. The company has a market cap of $525,570.00, a P/E ratio of 34.44, a P/E/G ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a one year low of $114.00 and a one year high of $182.90.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. equities research analysts expect that Facebook, Inc. will post 5.86 EPS for the current year.

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A number of equities analysts recently weighed in on FB shares. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a report on Tuesday, November 7th. Aegis boosted their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. boosted their price objective on shares of Facebook from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS AG set a $208.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Barclays PLC boosted their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average price target of $197.95.

Institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC boosted its holdings in Facebook by 2.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after buying an additional 6,740 shares during the period. Palisade Capital Management LLC NJ boosted its holdings in Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after buying an additional 602 shares during the period. ING Groep NV boosted its holdings in Facebook by 6.9% in the 2nd quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after buying an additional 37,822 shares during the period. Grand Jean Capital Management Inc. boosted its holdings in Facebook by 14.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after buying an additional 15,910 shares during the period. Finally, Segment Wealth Management LLC boosted its holdings in Facebook by 157.5% in the 1st quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after buying an additional 4,485 shares during the period. 57.44% of the stock is owned by institutional investors.

Facebook Company Profile

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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