Facebook Inc (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $176.85, for a total transaction of $2,829,600.00. Following the transaction, the insider now directly owns 48,407 shares in the company, valued at $8,560,777.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Facebook Inc (NASDAQ FB) traded up $0.04 during midday trading on Monday, hitting $179.04. 13,160,555 shares of the stock traded hands, compared to its average volume of 16,957,260. The company has a market capitalization of $520,500.00, a price-to-earnings ratio of 34.49, a P/E/G ratio of 1.14 and a beta of 0.69. Facebook Inc has a one year low of $114.77 and a one year high of $184.25.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. analysts forecast that Facebook Inc will post 5.86 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Vetr lowered shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price target on the stock. in a research report on Thursday. Wells Fargo & Company reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Facebook in a research report on Tuesday, December 5th. Evercore ISI assumed coverage on shares of Facebook in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $225.00 price objective on the stock. MKM Partners lifted their price objective on shares of Facebook to $240.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a research report on Tuesday, November 7th. Two equities research 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 issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $200.73.
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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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