Facebook, Inc. (NASDAQ:FB) CAO Sells $210,300.30 in Stock

Facebook, Inc. (NASDAQ:FB) CAO Susan J.S. Taylor sold 1,134 shares of Facebook stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now directly owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:FB traded down $1.51 during midday trading on Thursday, hitting $182.04. 10,341,009 shares of the company’s stock were exchanged, compared to its average volume of 17,832,098. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The stock has a 50 day moving average price of $193.79 and a 200-day moving average price of $180.88. The company has a market cap of $531.13 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 earnings per share. On average, analysts anticipate that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

A number of brokerages recently weighed in on FB. Barclays lifted their target price on shares of Facebook from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Goldman Sachs Group set a $228.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Facebook from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their target price on shares of Facebook from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, KeyCorp lifted their target price on shares of Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $220.92.

Several large investors have recently bought and sold shares of FB. Biegel & Waller LLC boosted its holdings in Facebook by 2.2% during the second quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock worth $451,000 after purchasing an additional 50 shares during the last quarter. Hyman Charles D boosted its holdings in Facebook by 0.9% during the second quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock worth $1,131,000 after purchasing an additional 50 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in Facebook by 2.5% during the second quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock worth $409,000 after purchasing an additional 51 shares during the last quarter. Perkins Coie Trust Co boosted its stake in Facebook by 3.5% in the second quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after acquiring an additional 52 shares during the last quarter. Finally, Regal Wealth Group Inc. boosted its stake in Facebook by 4.1% in the second quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock valued at $274,000 after acquiring an additional 56 shares during the last quarter. 62.44% of the stock is owned by institutional investors.

About Facebook

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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