Facebook, Inc. (NASDAQ:FB) CEO Sells $23,524,880.00 in Stock

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Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 125,600 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $187.30, for a total transaction of $23,524,880.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, September 16th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The shares were sold at an average price of $186.54, for a total transaction of $23,429,424.00.
  • On Wednesday, September 18th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $187.73, for a total transaction of $23,578,888.00.
  • On Monday, September 9th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $187.58, for a total transaction of $23,560,048.00.
  • On Wednesday, September 11th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $187.94, for a total transaction of $23,605,264.00.
  • On Friday, September 6th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $187.53, for a total transaction of $23,553,768.00.
  • On Wednesday, September 4th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $186.29, for a total transaction of $23,398,024.00.
  • On Friday, August 30th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $184.70, for a total transaction of $23,198,320.00.
  • On Monday, August 26th, Mark Zuckerberg sold 118,500 shares of Facebook stock. The stock was sold at an average price of $179.40, for a total transaction of $21,258,900.00.
  • On Wednesday, August 28th, Mark Zuckerberg sold 118,500 shares of Facebook stock. The stock was sold at an average price of $181.04, for a total transaction of $21,453,240.00.
  • On Friday, August 23rd, Mark Zuckerberg sold 7,100 shares of Facebook stock. The stock was sold at an average price of $179.16, for a total transaction of $1,272,036.00.

Shares of FB opened at $188.14 on Thursday. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. The stock has a market cap of $535.87 billion, a PE ratio of 24.85, a P/E/G ratio of 1.09 and a beta of 1.01. The firm has a 50-day simple moving average of $185.93 and a two-hundred day simple moving average of $183.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same period last year, the business earned $1.74 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, sell-side analysts expect that Facebook, Inc. will post 8.03 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FB. Cantor Fitzgerald Investment Adviser L.P. acquired a new position in shares of Facebook in the second quarter valued at approximately $205,000. Executive Wealth Management LLC purchased a new position in Facebook in the fourth quarter worth approximately $5,196,000. Fiduciary Financial Services of The Southwest Inc. TX lifted its stake in Facebook by 1.7% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock worth $2,362,000 after acquiring an additional 206 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in Facebook by 10.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,085 shares of the social networking company’s stock worth $2,935,000 after acquiring an additional 1,641 shares during the last quarter. Finally, Eastern Bank lifted its stake in Facebook by 16.4% in the second quarter. Eastern Bank now owns 99,117 shares of the social networking company’s stock worth $19,130,000 after acquiring an additional 13,934 shares during the last quarter. Institutional investors and hedge funds own 63.17% of the company’s stock.

Several research firms have recently weighed in on FB. BMO Capital Markets decreased their price target on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 23rd. ValuEngine downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James raised their price target on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. Oppenheimer raised their price target on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, JMP Securities raised their price target on shares of Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $220.92.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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

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