Facebook, Inc. (FB) Insider Christopher K. Cox Sells 16,000 Shares

Facebook, Inc. (NASDAQ:FB) insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, October 9th. The stock was sold at an average price of $172.89, for a total transaction of $2,766,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Facebook, Inc. (FB) opened at 171.59 on Wednesday. The stock has a 50 day moving average price of $170.20 and a 200 day moving average price of $157.86. The firm has a market cap of $498.33 billion, a P/E ratio of 38.40 and a beta of 0.70. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49.

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

COPYRIGHT VIOLATION NOTICE: “Facebook, Inc. (FB) Insider Christopher K. Cox Sells 16,000 Shares” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/facebook-inc-fb-insider-christopher-k-cox-sells-16000-shares.html.

Several large investors have recently made changes to their positions in FB. Arcadia Investment Management Corp MI boosted its position in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares during the last quarter. D. Scott Neal Inc. boosted its position in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after purchasing an additional 34 shares during the last quarter. Pacific Center for Financial Services boosted its position in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Facebook in the second quarter worth $138,000. 57.26% of the stock is currently owned by institutional investors.

FB has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reiterated a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Macquarie set a $175.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. lifted their price target on shares of Facebook from $180.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $185.38.

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.

Shares of Facebook, Inc. (FB) opened at 171.59 on Wednesday. The stock has a 50 day moving average price of $170.20 and a 200 day moving average price of $157.86. The firm has a market cap of $498.33 billion, a P/E ratio of 38.40 and a beta of 0.70. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49.

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

COPYRIGHT VIOLATION NOTICE: “Facebook, Inc. (FB) Insider Christopher K. Cox Sells 16,000 Shares” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/facebook-inc-fb-insider-christopher-k-cox-sells-16000-shares.html.

Several large investors have recently made changes to their positions in FB. Arcadia Investment Management Corp MI boosted its position in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares during the last quarter. D. Scott Neal Inc. boosted its position in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after purchasing an additional 34 shares during the last quarter. Pacific Center for Financial Services boosted its position in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Facebook in the second quarter worth $138,000. 57.26% of the stock is currently owned by institutional investors.

FB has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reiterated a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Macquarie set a $175.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. lifted their price target on shares of Facebook from $180.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $185.38.

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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