Insider Selling: Facebook, Inc. (FB) Director Sells 160,805 Shares of Stock

Facebook, Inc. (NASDAQ:FB) Director Peter Thiel sold 160,805 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Facebook, Inc. (NASDAQ FB) traded up $3.12 on Tuesday, reaching $181.86. The company had a trading volume of 14,490,197 shares, compared to its average volume of 16,815,619. Facebook, Inc. has a 52-week low of $114.00 and a 52-week high of $182.90. The company has a market capitalization of $528,450.00, a PE ratio of 34.49, a PEG ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts forecast that Facebook, Inc. will post 5.86 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in Facebook by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,681,240 shares of the social networking company’s stock worth $287,273,000 after purchasing an additional 8,878 shares during the last quarter. Hartline Investment Corp lifted its stake in Facebook by 16.8% during the third quarter. Hartline Investment Corp now owns 33,974 shares of the social networking company’s stock worth $5,805,000 after purchasing an additional 4,881 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Facebook by 868.7% during the third quarter. GSA Capital Partners LLP now owns 23,975 shares of the social networking company’s stock worth $4,097,000 after purchasing an additional 21,500 shares during the last quarter. Coastline Trust Co lifted its stake in Facebook by 12.1% during the third quarter. Coastline Trust Co now owns 15,950 shares of the social networking company’s stock worth $2,725,000 after purchasing an additional 1,720 shares during the last quarter. Finally, Truepoint Inc. lifted its stake in Facebook by 16,822.1% during the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after purchasing an additional 6,100,871 shares during the last quarter. Hedge funds and other institutional investors own 57.44% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 target price on the stock in a report on Tuesday, November 7th. Aegis lifted their target price on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. lifted their target price on shares of Facebook from $200.00 to $210.00 and gave the company 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 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Barclays PLC lifted their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $197.95.

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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