Facebook Inc. (NASDAQ:FB) insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $121.08, for a total transaction of $1,888,848.00. Following the completion of the transaction, the insider now owns 388,392 shares of the company’s stock, valued at $47,026,503.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in Facebook stock. MUFG Americas raised its stake in Facebook Inc. (NASDAQ:FB) by 57.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,212 shares of the social networking company’s stock after buying an additional 16,089 shares during the period. MUFG Americas’ holdings in Facebook were worth $3,975,000 as of its most recent SEC filing.
A number of equities analysts have weighed in on the stock. Morgan Stanley restated a “buy” rating on shares of Facebook in a research report on Tuesday. Bank of America Corp. reaffirmed a “buy” rating and set a $145.00 target price on shares of Facebook in a report on Tuesday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $150.00 target price on shares of Facebook in a report on Tuesday. Evercore ISI reaffirmed a “buy” rating and set a $155.00 target price on shares of Facebook in a report on Tuesday. Finally, MKM Partners reaffirmed a “buy” rating on shares of Facebook in a report on Sunday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus target price of $138.98.
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
