Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 92,220 shares of Facebook stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $175.94, for a total value of $16,225,186.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Mark Zuckerberg also recently made the following trade(s):
- On Friday, April 5th, Mark Zuckerberg sold 255,050 shares of Facebook stock. The shares were sold at an average price of $176.27, for a total value of $44,957,663.50.
FB opened at $175.72 on Friday. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62. The firm has a market capitalization of $511.34 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.28 and a beta of 0.88.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.20. The firm had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. On average, equities research analysts predict that Facebook, Inc. will post 7.54 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Mission Wealth Management LP boosted its stake in Facebook by 3.8% during the 3rd quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock valued at $1,715,000 after purchasing an additional 386 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Facebook by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock valued at $17,525,000 after purchasing an additional 13,124 shares in the last quarter. Rovida Advisors Inc. purchased a new position in shares of Facebook during the third quarter valued at approximately $18,714,000. First American Bank purchased a new position in shares of Facebook during the third quarter valued at approximately $6,317,000. Finally, CENTRAL TRUST Co boosted its position in shares of Facebook by 7.1% during the third quarter. CENTRAL TRUST Co now owns 39,175 shares of the social networking company’s stock valued at $6,443,000 after buying an additional 2,581 shares during the last quarter. 60.17% of the stock is owned by institutional investors and hedge funds.
FB has been the subject of a number of research reports. BidaskClub upgraded shares of Facebook from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 11th. Needham & Company LLC reduced their target price on shares of Facebook from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, December 21st. Zacks Investment Research cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Deutsche Bank reaffirmed a “buy” rating and set a $200.00 price target (up previously from $195.00) on shares of Facebook in a research note on Thursday, January 31st. Finally, Cowen reaffirmed an “outperform” rating and set a $195.00 price target (up previously from $184.00) on shares of Facebook in a research note on Thursday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $192.17.
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Facebook Company Profile
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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