Insider Selling: Facebook, Inc. (NASDAQ:FB) CEO Sells 77,193 Shares of Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 77,193 shares of the firm’s stock in a transaction that occurred on Friday, October 8th. The stock was sold at an average price of $331.32, for a total transaction of $25,575,584.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, October 12th, Mark Zuckerberg sold 52,700 shares of Facebook stock. The shares were sold at an average price of $320.88, for a total transaction of $16,910,376.00.
  • On Tuesday, October 5th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $331.99, for a total transaction of $25,662,827.00.
  • On Friday, October 1st, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $342.63, for a total value of $26,485,299.00.
  • On Monday, September 27th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $351.59, for a total value of $27,177,907.00.
  • On Wednesday, September 29th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $341.45, for a total value of $26,394,085.00.
  • On Friday, September 24th, Mark Zuckerberg sold 6,300 shares of Facebook stock. The shares were sold at an average price of $349.58, for a total value of $2,202,354.00.
  • On Tuesday, September 21st, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $357.82, for a total transaction of $27,659,486.00.
  • On Friday, September 17th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $366.86, for a total transaction of $28,358,278.00.
  • On Monday, September 13th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $376.42, for a total transaction of $29,097,266.00.
  • On Wednesday, September 15th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $371.52, for a total transaction of $28,718,496.00.

NASDAQ:FB opened at $324.54 on Thursday. The firm’s 50 day moving average is $358.25 and its two-hundred day moving average is $338.90. Facebook, Inc. has a fifty-two week low of $244.61 and a fifty-two week high of $384.33. The company has a market cap of $915.02 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.04 and a beta of 1.32.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 28th. The social networking company reported $3.61 EPS for the quarter, beating the Zacks’ consensus estimate of $3.03 by $0.58. Facebook had a net margin of 37.17% and a return on equity of 30.09%. The business had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.93 billion. As a group, research analysts anticipate that Facebook, Inc. will post 14.11 earnings per share for the current year.

A number of brokerages recently commented on FB. Jefferies Financial Group boosted their target price on shares of Facebook from $425.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, September 17th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating and set a $409.00 target price for the company. in a research note on Wednesday, September 29th. Wedbush reiterated a “neutral” rating and set a $355.00 target price on shares of Facebook in a research note on Thursday, July 29th. KeyCorp boosted their target price on shares of Facebook from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Finally, Morgan Stanley boosted their price target on shares of Facebook from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, July 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $406.31.

Hedge funds have recently modified their holdings of the company. Baldrige Asset Management LLC acquired a new stake in Facebook during the 2nd quarter valued at $31,000. Capital Directions Investment Advisors LLC acquired a new stake in Facebook during the 2nd quarter valued at $31,000. Baron Financial Group LLC grew its holdings in Facebook by 71.4% during the 1st quarter. Baron Financial Group LLC now owns 120 shares of the social networking company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Lion Street Advisors LLC acquired a new stake in Facebook during the 2nd quarter valued at $43,000. Finally, Filbrandt Wealth Management LLC acquired a new stake in Facebook during the 3rd quarter valued at $43,000. 65.72% of the stock is currently owned by institutional investors and hedge funds.

Facebook Company Profile

Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

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Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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