Facebook, Inc. (NASDAQ:FB) CFO David M. Wehner sold 9,522 shares of Facebook stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $183.61, for a total transaction of $1,748,334.42. Following the completion of the sale, the chief financial officer now directly owns 82,534 shares of the company’s stock, valued at approximately $15,154,067.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Facebook traded up $0.56, reaching $183.76, during midday trading on Thursday, MarketBeat reports. The stock had a trading volume of 14,695,738 shares, compared to its average volume of 31,793,402. Facebook, Inc. has a 12 month low of $182.76 and a 12 month high of $184.60. The stock has a market capitalization of $535.45 billion, a P/E ratio of 29.83, a P/E/G ratio of 0.99 and a beta of 0.78.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.44. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $11.41 billion. During the same period in the previous year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. research analysts predict that Facebook, Inc. will post 7.64 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Gables Capital Management Inc. purchased a new position in Facebook during the 1st quarter valued at about $2,129,000. Nvwm LLC grew its holdings in Facebook by 2.9% during the 1st quarter. Nvwm LLC now owns 17,922 shares of the social networking company’s stock valued at $2,785,000 after buying an additional 510 shares in the last quarter. Lara May & Associates LLC purchased a new position in Facebook during the 1st quarter valued at about $403,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Facebook by 19.6% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 464,300 shares of the social networking company’s stock valued at $74,191,000 after buying an additional 76,200 shares in the last quarter. Finally, Altavista Wealth Management Inc. grew its holdings in Facebook by 13.8% during the 1st quarter. Altavista Wealth Management Inc. now owns 30,884 shares of the social networking company’s stock valued at $4,935,000 after buying an additional 3,757 shares in the last quarter. Institutional investors and hedge funds own 58.67% of the company’s stock.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
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