Facebook Inc (FB) CTO Sells $4,819,296.60 in Stock

Facebook Inc (NASDAQ:FB) CTO Michael Todd Schroepfer sold 26,940 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $178.89, for a total value of $4,819,296.60. Following the sale, the chief technology officer now owns 468,105 shares of the company’s stock, valued at $83,739,303.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, February 13th, Michael Todd Schroepfer sold 38,050 shares of Facebook stock. The shares were sold at an average price of $174.39, for a total value of $6,635,539.50.
  • On Tuesday, January 9th, Michael Todd Schroepfer sold 38,017 shares of Facebook stock. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11.
  • On Tuesday, December 12th, Michael Todd Schroepfer sold 38,042 shares of Facebook stock. The shares were sold at an average price of $177.86, for a total value of $6,766,150.12.

Shares of Facebook Inc (NASDAQ FB) opened at $176.01 on Wednesday. The firm has a market capitalization of $511,310.00, a PE ratio of 32.65, a PEG ratio of 0.92 and a beta of 0.58. Facebook Inc has a one year low of $132.90 and a one year high of $195.32.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities research analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on FB. Royal Bank of Canada upped their target price on Facebook to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. UBS Group set a $214.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Oppenheimer reiterated a “buy” rating and set a $225.00 target price (up from $220.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, JMP Securities set a $235.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One investment 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 issued a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and a consensus price target of $214.70.

Several hedge funds have recently modified their holdings of FB. Vanguard Group Inc. boosted its position in shares of Facebook by 3.3% during the 2nd 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 in the last quarter. BlackRock Inc. boosted its position in shares of Facebook by 3.6% during the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock valued at $25,793,297,000 after purchasing an additional 5,107,163 shares in the last quarter. Capital World Investors boosted its position in shares of Facebook by 1.5% during the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares in the last quarter. Northern Trust Corp boosted its position in shares of Facebook by 0.4% during the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Facebook by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock worth $4,478,724,000 after acquiring an additional 1,010,306 shares in the last quarter. 57.32% of the stock is owned by institutional investors.

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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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