Insider Selling: Facebook Inc (FB) CEO Sells $43,720,464.00 in Stock

Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg sold 245,400 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.16, for a total transaction of $43,720,464.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, February 20th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The stock was sold at an average price of $176.52, for a total transaction of $38,834,400.00.
  • On Monday, February 12th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The stock was sold at an average price of $175.62, for a total transaction of $38,636,400.00.
  • On Wednesday, February 14th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The stock was sold at an average price of $177.39, for a total transaction of $39,025,800.00.
  • On Friday, December 8th, Mark Zuckerberg sold 117,829 shares of Facebook stock. The stock was sold at an average price of $180.34, for a total transaction of $21,249,281.86.
  • On Tuesday, November 28th, Mark Zuckerberg sold 232,138 shares of Facebook stock. The shares were sold at an average price of $183.08, for a total transaction of $42,499,825.04.

Shares of Facebook Inc (FB) opened at $178.99 on Friday. The company has a market cap of $519,970.00, a PE ratio of 33.21, a PEG ratio of 0.91 and a beta of 0.58. Facebook Inc has a 1-year low of $134.16 and a 1-year high of $195.32.

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

A number of equities research analysts have recently commented on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $232.00 price objective (up from $230.00) on shares of Facebook in a research note on Monday, January 8th. Stifel Nicolaus lowered shares of Facebook from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Barclays upped their price objective on shares of Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Atlantic Securities set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $214.70.

Several hedge funds have recently made changes to their positions in the company. Country Trust Bank grew its position in Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after buying an additional 479 shares during the period. Armbruster Capital Management Inc. grew its position in Facebook by 358.4% during the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after buying an additional 448 shares during the period. Taylor Hoffman Wealth Management bought a new position in Facebook during the fourth quarter valued at about $103,000. Price Wealth Management Inc. bought a new position in Facebook during the fourth quarter valued at about $105,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Facebook during the third quarter valued at about $111,000. Institutional investors own 57.32% of the company’s stock.

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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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