David B. Fischer Sells 5,501 Shares of Facebook, Inc. (NASDAQ:FB) Stock

Facebook, Inc. (NASDAQ:FB) CRO David B. Fischer sold 5,501 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $196.84, for a total value of $1,082,816.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David B. Fischer also recently made the following trade(s):

  • On Friday, May 31st, David B. Fischer sold 11,572 shares of Facebook stock. The shares were sold at an average price of $180.28, for a total value of $2,086,200.16.

Shares of NASDAQ:FB traded down $3.71 on Friday, hitting $189.02. 14,853,373 shares of the company traded hands, compared to its average volume of 18,226,627. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $195.36. The company has a market capitalization of $562.45 billion, a P/E ratio of 24.97, a PEG ratio of 1.14 and a beta of 0.97.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the company earned $1.74 earnings per share. The company’s revenue was up 27.6% on a year-over-year basis. On average, equities analysts anticipate that Facebook, Inc. will post 8.07 EPS for the current year.

Several large investors have recently modified their holdings of FB. Gamco Investors INC. ET AL boosted its position in shares of Facebook by 12.1% during the second quarter. Gamco Investors INC. ET AL now owns 30,405 shares of the social networking company’s stock valued at $5,868,000 after buying an additional 3,289 shares during the last quarter. Rudd International Inc. purchased a new stake in shares of Facebook during the second quarter valued at $658,000. Iron Financial LLC purchased a new stake in shares of Facebook during the second quarter valued at $342,000. Jones Financial Companies Lllp boosted its position in shares of Facebook by 0.8% during the second quarter. Jones Financial Companies Lllp now owns 69,927 shares of the social networking company’s stock valued at $13,496,000 after buying an additional 578 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Facebook by 7.0% during the second quarter. Hillsdale Investment Management Inc. now owns 1,530 shares of the social networking company’s stock valued at $295,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

A number of equities analysts recently commented on FB shares. Argus upped their target price on Facebook from $206.00 to $220.00 and gave the company a “buy” rating in a report on Friday, April 26th. Citigroup upped their target price on Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Morgan Stanley increased their price objective on Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Credit Suisse Group increased their price objective on Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Monness Crespi & Hardt increased their price objective on Facebook from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $220.92.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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