Facebook, Inc. (FB) CEO Sells $42,498,431.45 in Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 238,715 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total transaction of $42,498,431.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, October 11th, Mark Zuckerberg sold 123,485 shares of Facebook stock. The stock was sold at an average price of $172.08, for a total transaction of $21,249,298.80.
  • On Thursday, October 12th, Mark Zuckerberg sold 246,237 shares of Facebook stock. The stock was sold at an average price of $172.60, for a total transaction of $42,500,506.20.
  • On Monday, October 2nd, Mark Zuckerberg sold 249,527 shares of Facebook stock. The stock was sold at an average price of $170.32, for a total transaction of $42,499,438.64.
  • On Wednesday, September 20th, Mark Zuckerberg sold 247,452 shares of Facebook stock. The stock was sold at an average price of $171.75, for a total transaction of $42,499,881.00.
  • On Friday, September 8th, Mark Zuckerberg sold 247,147 shares of Facebook stock. The stock was sold at an average price of $171.96, for a total transaction of $42,499,398.12.
  • On Monday, August 28th, Mark Zuckerberg sold 254,525 shares of Facebook stock. The stock was sold at an average price of $166.97, for a total transaction of $42,498,039.25.

Facebook, Inc. (NASDAQ FB) opened at $179.00 on Friday. The stock has a market capitalization of $520,139.66, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $182.90.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. equities analysts expect that Facebook, Inc. will post 5.86 earnings per share for the current fiscal year.

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Several analysts have issued reports on FB shares. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a report on Tuesday, November 7th. Aegis upped their target price on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. upped their target price on Facebook from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS AG set a $208.00 target price on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Barclays PLC upped their target price on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average price target of $197.95.

A number of large investors have recently made changes to their positions in the business. Hartford Financial Management Inc. boosted its holdings in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC boosted its holdings in Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares in the last quarter. Wagner Bowman Management Corp raised its stake in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after purchasing an additional 25 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC raised its stake in shares of Facebook by 2.1% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 57.35% 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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