Trade Report: The Facebook Inc. (FB) VP Sells $4,507,300.00 in Stock

The Facebook Inc. (FB) VP Sells $4,507,300.00 in Stock

Facebook Inc. (NASDAQ:FB) VP David B. Fischer sold 35,000 shares of Facebook stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $128.78, for a total value of $4,507,300.00. Following the completion of the sale, the vice president now directly owns 169,686 shares in the company, valued at approximately $21,852,163.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Facebook Inc. (NASDAQ:FB) opened at 128.88 on Wednesday. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $131.98. The company has a 50 day moving average price of $127.89 and a 200 day moving average price of $120.00. The company has a market capitalization of $370.10 billion, a PE ratio of 61.61 and a beta of 0.77.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.15. The company earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. Facebook’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Equities analysts predict that Facebook Inc. will post $3.94 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FB. Capital World Investors increased its position in Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock valued at $3,786,244,000 after buying an additional 9,686,624 shares during the period. Third Point LLC bought a new position in Facebook during the second quarter valued at approximately $428,550,000. Vanguard Group Inc. increased its position in Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock valued at $15,940,195,000 after buying an additional 3,400,653 shares during the period. Emerald Acquisition Ltd. bought a new position in Facebook during the second quarter valued at approximately $369,509,000. Finally, State Street Corp increased its position in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock valued at $9,792,722,000 after buying an additional 1,950,433 shares during the period. 56.61% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on FB shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a $170.00 price target on shares of Facebook in a research note on Friday, September 9th. Loop Capital started coverage on Facebook in a research note on Thursday, September 22nd. They issued a “buy” rating and a $165.00 price target for the company. They noted that the move was a valuation call. Credit Agricole SA restated a “buy” rating on shares of Facebook in a research note on Friday, September 23rd. Robert W. Baird restated an “outperform” rating and issued a $155.00 price target on shares of Facebook in a research note on Tuesday, September 6th. Finally, Vetr downgraded Facebook from a “buy” rating to a “hold” rating and set a $134.63 price target for the company. in a research note on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, forty-four 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 target price of $149.99.

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