Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg Sells 52,700 Shares

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 52,700 shares of the stock in a transaction on Monday, October 25th. The stock was sold at an average price of $324.99, for a total value of $17,126,973.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, October 27th, Mark Zuckerberg sold 52,700 shares of Facebook stock. The stock was sold at an average price of $314.91, for a total value of $16,595,757.00.
  • On Friday, October 22nd, Mark Zuckerberg sold 52,700 shares of Facebook stock. The stock was sold at an average price of $323.61, for a total value of $17,054,247.00.
  • On Monday, October 18th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $333.02, for a total value of $25,742,446.00.
  • On Wednesday, October 20th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $340.96, for a total value of $26,356,208.00.
  • On Thursday, October 14th, Mark Zuckerberg sold 52,900 shares of Facebook stock. The shares were sold at an average price of $328.52, for a total value of $17,378,708.00.
  • On Tuesday, October 12th, Mark Zuckerberg sold 52,700 shares of Facebook stock. The shares were sold at an average price of $320.88, for a total value of $16,910,376.00.
  • On Friday, October 8th, Mark Zuckerberg sold 77,193 shares of Facebook stock. The shares were sold at an average price of $331.32, for a total value of $25,575,584.76.
  • On Tuesday, October 5th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $331.99, for a total value of $25,662,827.00.
  • On Friday, October 1st, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $342.63, for a total transaction of $26,485,299.00.
  • On Monday, September 27th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $351.59, for a total transaction of $27,177,907.00.

Facebook stock opened at $312.22 on Thursday. The firm has a market cap of $880.29 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. Facebook, Inc. has a 1 year low of $244.61 and a 1 year high of $384.33. The firm’s 50 day moving average price is $356.26 and its two-hundred day moving average price is $340.28.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Sunday, October 24th. The social networking company reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $0.03. The firm had revenue of $29.01 billion for the quarter, compared to analyst estimates of $29.52 billion. Facebook had a net margin of 37.17% and a return on equity of 30.09%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 earnings per share. Analysts predict that Facebook, Inc. will post 14.16 EPS for the current fiscal year.

Several brokerages have recently commented on FB. Tigress Financial increased their price target on shares of Facebook from $430.00 to $466.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 13th. Credit Suisse Group cut their target price on shares of Facebook from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Tuesday. JMP Securities reissued an “outperform” rating and issued a $400.00 target price (down previously from $425.00) on shares of Facebook in a report on Tuesday. Canaccord Genuity raised their target price on shares of Facebook from $380.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 29th. Finally, Wedbush cut their target price on shares of Facebook from $355.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Facebook presently has a consensus rating of “Buy” and an average target price of $398.48.

A number of institutional investors have recently bought and sold shares of FB. Baldrige Asset Management LLC acquired a new position in Facebook in the 2nd quarter worth approximately $31,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of Facebook during the 2nd quarter valued at $31,000. Lion Street Advisors LLC acquired a new stake in shares of Facebook during the 2nd quarter valued at $43,000. Filbrandt Wealth Management LLC acquired a new stake in shares of Facebook during the 3rd quarter valued at $43,000. Finally, Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Facebook during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 65.72% of the company’s stock.

About Facebook

Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

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