Facebook, Inc. (NASDAQ:FB) Director Peter Thiel sold 160,805 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the sale, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,129,037.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Facebook, Inc. (FB) opened at $180.87 on Thursday. Facebook, Inc. has a 1 year low of $114.00 and a 1 year high of $182.90. The firm has a market capitalization of $528,450.25, a PE ratio of 35.04, a P/E/G ratio of 1.16 and a beta of 0.67.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. equities research analysts anticipate that Facebook, Inc. will post 5.86 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $192.00 target price (up previously from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price for the company in a research report on Monday, September 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $195.00 target price (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Atlantic Securities set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Pivotal Research reaffirmed a “sell” rating and issued a $140.00 target price on shares of Facebook in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $197.95.
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.
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