Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $120.36, for a total transaction of $1,877,616.00. Following the transaction, the insider now directly owns 404,001 shares of the company’s stock, valued at approximately $48,625,560.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Christopher K. Cox also recently made the following trade(s):

  • On Tuesday, November 15th, Christopher K. Cox sold 71,944 shares of Facebook stock. The shares were sold at an average price of $117.06, for a total transaction of $8,421,764.64.

Facebook Inc. (NASDAQ:FB) traded down 2.03% on Wednesday, reaching $118.42. 30,188,922 shares of the company’s stock were exchanged. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a market capitalization of $341.31 billion, a P/E ratio of 45.65 and a beta of 0.76. The firm’s 50 day moving average is $125.02 and its 200 day moving average is $122.59.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The company’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Analysts expect that Facebook Inc. will post $4.09 EPS for the current year.

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

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Several equities research analysts recently issued reports on FB shares. Nomura restated a “buy” rating and issued a $155.00 target price on shares of Facebook in a report on Thursday, November 3rd. Loop Capital restated a “buy” rating and issued a $165.00 target price on shares of Facebook in a report on Wednesday, November 2nd. Jefferies Group restated a “buy” rating and issued a $170.00 target price on shares of Facebook in a report on Thursday, November 3rd. BTIG Research restated a “neutral” rating on shares of Facebook in a report on Thursday, November 3rd. Finally, JMP Securities restated a “market perform” rating and issued a $165.00 target price on shares of Facebook in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $150.70.

Several hedge funds and other institutional investors have recently modified their holdings of FB. Baxter Bros Inc. purchased a new position in Facebook during the second quarter worth about $408,000. Howland Capital Management LLC purchased a new position in Facebook during the second quarter worth about $241,000. Baystate Wealth Management LLC raised its position in Facebook by 5.1% in the second quarter. Baystate Wealth Management LLC now owns 2,074 shares of the social networking company’s stock worth $237,000 after buying an additional 100 shares during the last quarter. Park National Corp OH raised its position in Facebook by 15.0% in the second quarter. Park National Corp OH now owns 5,526 shares of the social networking company’s stock worth $632,000 after buying an additional 720 shares during the last quarter. Finally, Cullinan Associates Inc. raised its position in Facebook by 4.0% in the second quarter. Cullinan Associates Inc. now owns 147,000 shares of the social networking company’s stock worth $16,799,000 after buying an additional 5,600 shares during the last quarter. 56.19% of the stock is currently owned by institutional investors.

Facebook Company Profile

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.

5 Day Chart for NASDAQ:FB

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