Facebook, Inc. (FB) Scheduled to Post Earnings on Tuesday

Facebook, Inc. (NASDAQ:FB) will be releasing its earnings data after the market closes on Tuesday, October 31st. Analysts expect Facebook to post earnings of $1.27 per share for the quarter.

Shares of Facebook, Inc. (NASDAQ FB) opened at 177.88 on Monday. The stock has a market capitalization of $516.60 billion, a price-to-earnings ratio of 39.81 and a beta of 0.70. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $178.21. The stock has a 50 day moving average price of $171.57 and a 200 day moving average price of $160.60.

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In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $171.88, for a total value of $128,910.00. Following the completion of the transaction, the vice president now directly owns 82,406 shares of the company’s stock, valued at $14,163,943.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the completion of the transaction, the insider now directly owns 172,871 shares of the company’s stock, valued at $30,286,999.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,706,683 shares of company stock valued at $973,058,572. 19.08% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Beach Investment Management LLC. grew its stake in Facebook by 999.7% in the 2nd quarter. Beach Investment Management LLC. now owns 121,630 shares of the social networking company’s stock worth $18,364,000 after acquiring an additional 110,570 shares during the period. Heritage Trust Co grew its stake in Facebook by 26.7% in the 2nd quarter. Heritage Trust Co now owns 10,203 shares of the social networking company’s stock worth $1,540,000 after acquiring an additional 2,148 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Facebook by 45.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,214,188 shares of the social networking company’s stock worth $334,298,000 after acquiring an additional 694,820 shares during the period. Quinn Opportunity Partners LLC grew its stake in Facebook by 26.7% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 9,500 shares of the social networking company’s stock worth $1,434,000 after acquiring an additional 2,000 shares during the period. Finally, Glassman Wealth Services grew its stake in Facebook by 14.4% in the 2nd quarter. Glassman Wealth Services now owns 3,422 shares of the social networking company’s stock worth $517,000 after acquiring an additional 431 shares during the period. 57.24% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and issued a $200.00 price target (up previously from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush restated a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Finally, Macquarie set a $175.00 price target on Facebook and gave the company a “buy” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Facebook has an average rating of “Buy” and a consensus target price of $185.89.

About Facebook

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.

Earnings History for Facebook (NASDAQ:FB)

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