Insider Selling: Facebook, Inc. (FB) Insider Sells 5,300 Shares of Stock

Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $173.11, for a total value of $917,483.00. Following the completion of the transaction, the insider now directly owns 92,794 shares of the company’s stock, valued at $16,063,569.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ FB opened at $170.17 on Friday. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62. The firm has a market capitalization of $503.64 billion, a P/E ratio of 22.48, a PEG ratio of 1.01 and a beta of 0.88.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.20. The company had revenue of $16.91 billion during the quarter, compared to analysts’ expectations of $16.40 billion. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. Equities analysts predict that Facebook, Inc. will post 7.55 earnings per share for the current year.



A number of large investors have recently modified their holdings of the business. Mission Wealth Management LP grew its holdings in shares of Facebook by 3.8% during the 3rd quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock worth $1,715,000 after purchasing an additional 386 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Facebook by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,774,424 shares of the social networking company’s stock worth $1,705,047,000 after acquiring an additional 337,909 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Facebook by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock worth $17,525,000 after acquiring an additional 13,124 shares in the last quarter. First American Bank acquired a new position in Facebook during the 3rd quarter worth about $6,317,000. Finally, Rovida Advisors Inc. acquired a new position in Facebook during the 3rd quarter worth about $18,714,000. Institutional investors own 59.63% of the company’s stock.

Several brokerages have recently weighed in on FB. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research note on Wednesday, January 2nd. Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Wednesday, January 16th. Citigroup reaffirmed a “buy” rating and set a $185.00 target price (up from $175.00) on shares of Facebook in a research note on Thursday, January 31st. Wedbush reduced their target price on Facebook to $200.00 and set a “buy” rating for the company in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Tuesday, January 8th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $191.58.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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