Mark Zuckerberg Sells 220,000 Shares of Facebook Inc (FB) Stock

Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg sold 220,000 shares of Facebook stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total value of $39,025,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, February 12th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The stock was sold at an average price of $175.62, for a total value of $38,636,400.00.
  • On Friday, December 8th, Mark Zuckerberg sold 117,829 shares of Facebook stock. The stock was sold at an average price of $180.34, for a total value of $21,249,281.86.
  • On Tuesday, November 28th, Mark Zuckerberg sold 232,138 shares of Facebook stock. The stock was sold at an average price of $183.08, for a total value of $42,499,825.04.

Facebook Inc (FB) traded up $6.37 on Wednesday, reaching $179.52. The company’s stock had a trading volume of 28,754,753 shares, compared to its average volume of 26,910,000. The firm has a market capitalization of $521,510.00, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. Facebook Inc has a 12-month low of $132.55 and a 12-month high of $195.32.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Country Trust Bank raised its stake in 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 purchasing an additional 479 shares during the period. Armbruster Capital Management Inc. raised its stake in Facebook by 358.4% during the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after purchasing an additional 448 shares during the period. Taylor Hoffman Wealth Management acquired a new stake in Facebook during the 4th quarter valued at $103,000. Price Wealth Management Inc. acquired a new stake in Facebook during the 4th quarter valued at $105,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Facebook during the 3rd quarter valued at $111,000. Hedge funds and other institutional investors own 57.67% of the company’s stock.

Several brokerages recently weighed in on FB. Royal Bank of Canada boosted their price objective on Facebook to $250.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. UBS Group set a $214.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Oppenheimer reissued a “buy” rating and issued a $225.00 price objective (up from $220.00) on shares of Facebook in a report on Thursday, February 1st. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus target price of $214.70.

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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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