Facebook, Inc. (NASDAQ:FB) CEO Sells $2,457,600.00 in Stock


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Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 8,000 shares of Facebook stock in a transaction on Monday, April 5th. The shares were sold at an average price of $307.20, for a total transaction of $2,457,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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 transaction 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 transaction of $16,540,875.00.
  • On Friday, March 26th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The shares were sold at an average price of $281.21, for a total transaction of $15,818,062.50.
  • On Wednesday, March 24th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The shares were sold at an average price of $287.14, for a total transaction of $16,151,625.00.
  • On Monday, March 22nd, Mark Zuckerberg sold 50,000 shares of Facebook stock. The shares were 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 value of $16,211,812.50.
  • On Monday, March 15th, Mark Zuckerberg sold 45,758 shares of Facebook stock. The shares were sold at an average price of $272.72, for a total value of $12,479,121.76.
  • On Wednesday, March 17th, Mark Zuckerberg sold 6,250 shares of Facebook stock. The shares were sold at an average price of $280.57, for a total value of $1,753,562.50.
  • On Friday, March 12th, Mark Zuckerberg sold 44,750 shares of Facebook stock. The shares were sold at an average price of $266.69, for a total value of $11,934,377.50.
  • On Monday, March 8th, Mark Zuckerberg sold 4,750 shares of Facebook stock. The shares were sold at an average price of $260.99, for a total value of $1,239,702.50.

Shares of NASDAQ:FB traded up $6.83 during trading on Wednesday, reaching $313.09. 22,530,430 shares of the stock were exchanged, compared to its average volume of 20,829,771. Facebook, Inc. has a 12-month low of $167.74 and a 12-month high of $314.25. The firm has a market cap of $891.58 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The firm’s 50-day moving average price is $275.55 and its 200 day moving average price is $271.28.

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

A number of equities research analysts have commented on FB shares. Mizuho reissued a “buy” rating and issued a $350.00 target price on shares of Facebook in a report on Thursday, January 28th. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 target price on shares of Facebook in a report on Thursday, January 28th. MKM Partners lifted their price target on Facebook from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, January 28th. Morgan Stanley lifted their price target on Facebook from $340.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, January 28th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $370.00 price target on shares of Facebook in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $327.15.

Institutional investors have recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC lifted its position in Facebook by 10.3% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 6,388 shares of the social networking company’s stock worth $1,745,000 after acquiring an additional 595 shares in the last quarter. Youngs Advisory Group Inc. lifted its position in Facebook by 8.3% during the 4th quarter. Youngs Advisory Group Inc. now owns 1,123 shares of the social networking company’s stock worth $307,000 after acquiring an additional 86 shares in the last quarter. Proem Advisors LLC acquired a new position in Facebook during the 4th quarter worth approximately $9,287,000. ProShare Advisors LLC lifted its position in Facebook by 2.1% during the 4th quarter. ProShare Advisors LLC now owns 1,735,287 shares of the social networking company’s stock worth $474,011,000 after acquiring an additional 36,114 shares in the last quarter. Finally, Stoneridge Investment Partners LLC lifted its position in Facebook by 24.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 7,716 shares of the social networking company’s stock worth $2,108,000 after acquiring an additional 1,500 shares in the last quarter. 64.95% of the stock is currently owned by hedge funds and other institutional investors.

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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