Facebook, Inc. (NASDAQ:FB) CAO Susan J.S. Taylor sold 2,070 shares of the stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $272.45, for a total transaction of $563,971.50. Following the completion of the sale, the chief accounting officer now owns 5,217 shares of the company’s stock, valued at approximately $1,421,371.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Susan J.S. Taylor also recently made the following trade(s):
- On Wednesday, November 18th, Susan J.S. Taylor sold 1,134 shares of Facebook stock. The shares were sold at an average price of $273.90, for a total transaction of $310,602.60.
Shares of NASDAQ FB opened at $269.70 on Friday. The company’s fifty day moving average is $272.66 and its 200-day moving average is $251.77. The stock has a market cap of $768.18 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 1.69 and a beta of 1.26. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $304.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.77. The company had revenue of $21.47 billion for the quarter, compared to analysts’ expectations of $19.78 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $2.12 earnings per share. As a group, analysts forecast that Facebook, Inc. will post 9.18 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Facebook from a “buy” rating to a “hold” rating in a research note on Saturday. Truist increased their target price on shares of Facebook from $285.00 to $310.00 in a research note on Friday, October 30th. JMP Securities increased their price target on shares of Facebook from $250.00 to $305.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. SunTrust Banks reissued a “buy” rating and issued a $285.00 price target (up previously from $245.00) on shares of Facebook in a research report on Friday, July 31st. Finally, HSBC increased their price target on shares of Facebook from $190.00 to $195.00 and gave the stock a “reduce” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Facebook currently has an average rating of “Buy” and an average target price of $293.84.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Apexium Financial LP lifted its stake in Facebook by 3.3% in the third quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock worth $291,000 after acquiring an additional 36 shares during the period. Trellis Advisors LLC lifted its holdings in shares of Facebook by 1.6% in the 3rd quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock worth $612,000 after purchasing an additional 37 shares during the last quarter. Column Capital Advisors LLC lifted its holdings in shares of Facebook by 1.4% in the 3rd quarter. Column Capital Advisors LLC now owns 2,747 shares of the social networking company’s stock worth $719,000 after purchasing an additional 37 shares during the last quarter. Barber Financial Group Inc. lifted its holdings in shares of Facebook by 4.1% in the 3rd quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock worth $256,000 after purchasing an additional 38 shares during the last quarter. Finally, Ellis Investment Partners LLC lifted its holdings in shares of Facebook by 6.3% in the 3rd quarter. Ellis Investment Partners LLC now owns 662 shares of the social networking company’s stock worth $173,000 after purchasing an additional 39 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
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