Facebook, Inc. (NASDAQ:FB) Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $172.25, for a total value of $10,389,431.00. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at approximately $1,087,069.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Facebook, Inc. (FB) traded up 0.30% during mid-day trading on Friday, reaching $167.41. 15,093,638 shares of the company traded hands. The company has a market capitalization of $486.19 billion, a P/E ratio of 37.47 and a beta of 0.70. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The stock’s 50-day moving average is $163.85 and its 200-day moving average is $148.79.
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, topping analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. On average, equities analysts predict that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
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Several research firms recently issued reports on FB. UBS AG set a $168.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, May 4th. Robert W. Baird reaffirmed an “outperform” rating and issued a $163.00 price objective on shares of Facebook in a research report on Thursday, May 4th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $154.73 price objective on the stock in a research report on Wednesday, May 17th. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Mizuho reaffirmed a “buy” rating on shares of Facebook in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average price target of $183.47.
Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Facebook during the fourth quarter worth approximately $2,046,500,000. Janus Henderson Group PLC increased its stake in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares during the period. Vanguard Group Inc. increased its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the period. BlackRock Inc. increased its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the period. Finally, Harbour Capital Advisors LLC increased its stake in shares of Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after buying an additional 2,523,918 shares during the period. Institutional investors own 57.40% of the company’s stock.
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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