Insider Selling: Facebook, Inc. (NASDAQ:FB) CEO Sells 68,000 Shares of Stock


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Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 68,000 shares of the stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $305.84, for a total transaction of $20,797,120.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, April 12th, Mark Zuckerberg sold 68,000 shares of Facebook stock. The stock was sold at an average price of $310.36, for a total value of $21,104,480.00.
  • On Wednesday, April 14th, Mark Zuckerberg sold 68,000 shares of Facebook stock. The stock was sold at an average price of $304.41, for a total value of $20,699,880.00.
  • On Friday, April 9th, Mark Zuckerberg sold 68,000 shares of Facebook stock. The stock was sold at an average price of $312.32, for a total transaction of $21,237,760.00.
  • On Monday, April 5th, Mark Zuckerberg sold 8,000 shares of Facebook stock. The stock was sold at an average price of $307.20, for a total transaction of $2,457,600.00.
  • On Wednesday, April 7th, Mark Zuckerberg sold 68,000 shares of Facebook stock. The shares were sold at an average price of $310.73, for a total value of $21,129,640.00.
  • On Wednesday, March 31st, Mark Zuckerberg sold 56,250 shares of Facebook stock. The shares were sold at an average price of $294.06, for a total value of $16,540,875.00.
  • On Friday, March 26th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The stock was sold at an average price of $281.21, for a total value of $15,818,062.50.
  • On Wednesday, March 24th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The stock was sold at an average price of $287.14, for a total value of $16,151,625.00.
  • On Monday, March 22nd, Mark Zuckerberg sold 50,000 shares of Facebook stock. The stock was sold at an average price of $294.79, for a total transaction of $14,739,500.00.
  • On Friday, March 19th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The shares were sold at an average price of $288.21, for a total transaction of $16,211,812.50.

NASDAQ FB opened at $302.24 on Tuesday. The company has a fifty day moving average of $286.59 and a 200-day moving average of $274.52. Facebook, Inc. has a 52-week low of $168.34 and a 52-week high of $315.88. The company has a market capitalization of $860.68 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.29 and a beta of 1.18.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 27th. The social networking company reported $3.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.64. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The company had revenue of $28.10 million for the quarter, compared to analyst estimates of $26.43 billion. During the same quarter last year, the firm earned $2.56 EPS. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. As a group, sell-side analysts predict that Facebook, Inc. will post 9.39 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Flagship Private Wealth LLC bought a new position in Facebook in the 4th quarter worth $25,000. RBA Wealth Management LLC bought a new stake in shares of Facebook during the first quarter valued at approximately $25,000. DB Wealth Management Group LLC purchased a new stake in shares of Facebook during the fourth quarter valued at $27,000. Klaas Financial Asset Advisors LLC bought a new stake in shares of Facebook in the fourth quarter worth approximately $27,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of Facebook during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 64.95% of the company’s stock.

FB has been the topic of several analyst reports. UBS Group increased their price target on shares of Facebook from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, January 28th. Barclays lifted their price target on Facebook from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Mizuho reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Facebook in a research note on Thursday, January 28th. Raymond James boosted their target price on Facebook from $320.00 to $360.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 28th. Finally, Moffett Nathanson raised their price target on shares of Facebook from $285.00 to $325.00 in a research note on Friday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $326.78.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

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

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