Insider Selling: Facebook, Inc. (NASDAQ:FB) Insider Sells 37,914 Shares of Stock

Facebook, Inc. (NASDAQ:FB) insider Michael Todd Schroepfer sold 37,914 shares of Facebook stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $154.43, for a total transaction of $5,855,059.02. Following the transaction, the insider now owns 856,491 shares in the company, valued at approximately $132,267,905.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Todd Schroepfer also recently made the following trade(s):

  • On Tuesday, May 9th, Michael Todd Schroepfer sold 37,919 shares of Facebook stock. The stock was sold at an average price of $151.21, for a total transaction of $5,733,731.99.

Shares of Facebook, Inc. (FB) opened at 171.23 on Wednesday. The company has a 50-day moving average of $159.02 and a 200 day moving average of $145.93. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The stock has a market capitalization of $497.29 billion, a price-to-earnings ratio of 38.32 and a beta of 0.70.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. Equities research analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on FB shares. Pacific Crest reiterated an “overweight” rating and set a $155.00 price target on shares of Facebook in a report on Monday, April 24th. Needham & Company LLC boosted their target price on shares of Facebook from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, April 28th. Wedbush set a $185.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, May 4th. Morgan Stanley restated a “buy” rating and issued a $175.00 target price on shares of Facebook in a report on Thursday, May 4th. Finally, Nomura set a $165.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and four have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $180.91.

Several institutional investors have recently added to or reduced their stakes in FB. State Street Corp increased its stake in shares of Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after buying an additional 1,536,158 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after buying an additional 1,219,412 shares during the last quarter. Viking Global Investors LP increased its stake in shares of Facebook by 1.2% in the fourth quarter. Viking Global Investors LP now owns 18,978,163 shares of the social networking company’s stock valued at $2,183,438,000 after buying an additional 228,753 shares during the last quarter. Norges Bank bought a new stake in shares of Facebook during the fourth quarter valued at approximately $2,046,500,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Facebook by 4.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 12,789,217 shares of the social networking company’s stock valued at $1,471,399,000 after buying an additional 493,666 shares during the last quarter. Institutional investors own 57.60% of the company’s stock.

Facebook Company Profile

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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