Michael Todd Schroepfer Sells 38,043 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) insider Michael Todd Schroepfer sold 38,043 shares of Facebook stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $178.25, for a total transaction of $6,781,164.75. Following the completion of the sale, the insider now directly owns 586,643 shares in the company, valued at approximately $104,569,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Todd Schroepfer also recently made the following trade(s):

  • On Tuesday, October 10th, Michael Todd Schroepfer sold 38,058 shares of Facebook stock. The shares were sold at an average price of $171.51, for a total transaction of $6,527,327.58.
  • On Tuesday, September 12th, Michael Todd Schroepfer sold 38,055 shares of Facebook stock. The shares were sold at an average price of $172.60, for a total transaction of $6,568,293.00.

Shares of Facebook, Inc. (NASDAQ FB) opened at $179.00 on Friday. Facebook, Inc. has a 52 week low of $114.00 and a 52 week high of $182.90. The stock has a market cap of $521,850.00, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. analysts expect that Facebook, Inc. will post 5.81 EPS for the current fiscal year.

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A number of research firms recently commented on FB. Cowen and Company reissued an “outperform” rating and set a $195.00 price objective on shares of Facebook in a report on Thursday, August 10th. Citigroup Inc. reissued a “buy” rating and set a $200.00 price objective on shares of Facebook in a report on Wednesday, September 27th. Pivotal Research downgraded shares of Facebook from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Robert W. Baird reissued an “outperform” rating and set a $185.00 price objective (up previously from $163.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $197.95.

Several hedge funds have recently made changes to their positions in FB. Janus Henderson Group PLC boosted its stake in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Truepoint Inc. boosted its stake in shares of Facebook by 16,822.1% in the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock valued at $6,137,000 after purchasing an additional 6,100,871 shares during the period. Vanguard Group Inc. boosted its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. boosted its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Finally, Harding Loevner LP boosted its stake in shares of Facebook by 229.7% in the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after purchasing an additional 2,966,978 shares during the period. 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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