Facebook Inc (FB) CEO Sells $38,636,400.00 in Stock

Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg sold 220,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $175.62, for a total transaction of $38,636,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, February 14th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The shares were sold at an average price of $177.39, for a total transaction of $39,025,800.00.
  • On Friday, December 8th, Mark Zuckerberg sold 117,829 shares of Facebook stock. The shares were sold at an average price of $180.34, for a total transaction of $21,249,281.86.
  • On Tuesday, November 28th, Mark Zuckerberg sold 232,138 shares of Facebook stock. The shares were sold at an average price of $183.08, for a total transaction of $42,499,825.04.

Facebook Inc (NASDAQ:FB) traded up $6.37 during trading hours on Wednesday, reaching $179.52. 28,754,753 shares of the company traded hands, compared to its average volume of 26,910,000. The company has a market capitalization of $521,510.00, a PE ratio of 33.31, a P/E/G ratio of 0.92 and a beta of 0.58. Facebook Inc has a twelve month low of $132.55 and a twelve month high of $195.32.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. sell-side analysts forecast that Facebook Inc will post 7.22 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a research note on Wednesday, January 10th. Aegis raised their target price on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and issued a $220.00 target price on shares of Facebook in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and an average target price of $214.70.

Hedge funds have recently made changes to their positions in the company. Country Trust Bank boosted its holdings in shares of Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after buying an additional 479 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in Facebook by 358.4% in the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after purchasing an additional 448 shares in the last quarter. Taylor Hoffman Wealth Management bought a new position in Facebook in the 4th quarter worth about $103,000. Price Wealth Management Inc. bought a new position in Facebook in the 4th quarter worth about $105,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter worth about $111,000. Hedge funds and other institutional investors own 57.67% of the company’s stock.

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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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