Mark Zuckerberg Sells 456,800 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 456,800 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.57, for a total transaction of $83,854,776.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mark Zuckerberg also recently made the following trade(s):

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  • On Wednesday, April 4th, Mark Zuckerberg sold 290,000 shares of Facebook stock. The shares were sold at an average price of $154.14, for a total transaction of $44,700,600.00.
  • On Monday, April 2nd, Mark Zuckerberg sold 145,000 shares of Facebook stock. The shares were sold at an average price of $155.94, for a total transaction of $22,611,300.00.
  • On Monday, March 26th, Mark Zuckerberg sold 145,000 shares of Facebook stock. The shares were sold at an average price of $155.56, for a total transaction of $22,556,200.00.
  • On Wednesday, March 28th, Mark Zuckerberg sold 140,200 shares of Facebook stock. The shares were sold at an average price of $153.55, for a total transaction of $21,527,710.00.
  • On Thursday, March 22nd, Mark Zuckerberg sold 152,700 shares of Facebook stock. The shares were sold at an average price of $166.61, for a total transaction of $25,441,347.00.
  • On Tuesday, March 20th, Mark Zuckerberg sold 145,000 shares of Facebook stock. The shares were sold at an average price of $166.61, for a total transaction of $24,158,450.00.
  • On Friday, March 16th, Mark Zuckerberg sold 465,400 shares of Facebook stock. The shares were sold at an average price of $183.79, for a total transaction of $85,535,866.00.
  • On Tuesday, March 13th, Mark Zuckerberg sold 440,000 shares of Facebook stock. The shares were sold at an average price of $183.99, for a total transaction of $80,955,600.00.
  • On Monday, March 5th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The shares were sold at an average price of $179.14, for a total transaction of $39,410,800.00.
  • On Wednesday, March 7th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The shares were sold at an average price of $181.40, for a total transaction of $39,908,000.00.

Shares of FB traded down $2.14 during trading hours on Friday, hitting $157.20. The stock had a trading volume of 41,638,871 shares, compared to its average volume of 33,644,266. The firm has a market cap of $450,565.53, a price-to-earnings ratio of 25.52, a PEG ratio of 0.83 and a beta of 0.79. Facebook, Inc. has a 52 week low of $138.81 and a 52 week high of $195.32.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. sell-side analysts predict that Facebook, Inc. will post 7.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of FB. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in Facebook during the 4th quarter valued at about $179,544,000. Certified Advisory Corp acquired a new position in Facebook during the 4th quarter valued at about $458,000. Wagner Wealth Management LLC acquired a new position in Facebook during the 4th quarter valued at about $183,000. Rehmann Capital Advisory Group lifted its position in Facebook by 3.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 9,720 shares of the social networking company’s stock valued at $1,715,000 after purchasing an additional 313 shares during the period. Finally, KCM Investment Advisors LLC lifted its position in Facebook by 0.3% during the 4th quarter. KCM Investment Advisors LLC now owns 297,984 shares of the social networking company’s stock valued at $52,582,000 after purchasing an additional 859 shares during the period. Institutional investors and hedge funds own 58.46% of the company’s stock.

A number of analysts have recently weighed in on the stock. Vetr cut shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective for the company. in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research note on Tuesday, January 2nd. Canaccord Genuity restated a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research note on Tuesday, January 2nd. Cowen restated a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research note on Thursday, January 4th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $232.00 price objective (up from $230.00) on shares of Facebook in a research note on Monday, January 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $212.78.

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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.

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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