Facebook, Inc. (FB) CEO Mark Zuckerberg Sells 677,000 Shares of Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 677,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $184.43, for a total value of $124,859,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, May 21st, Mark Zuckerberg sold 237,000 shares of Facebook stock. The shares were sold at an average price of $184.32, for a total value of $43,683,840.00.
  • On Friday, May 18th, Mark Zuckerberg sold 457,000 shares of Facebook stock. The shares were sold at an average price of $183.23, for a total value of $83,736,110.00.
  • On Monday, May 14th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The shares were sold at an average price of $186.99, for a total value of $41,137,800.00.
  • On Wednesday, May 16th, Mark Zuckerberg sold 660,000 shares of Facebook stock. The shares were sold at an average price of $184.81, for a total value of $121,974,600.00.
  • On Friday, May 11th, Mark Zuckerberg sold 440,000 shares of Facebook stock. The shares were sold at an average price of $185.58, for a total value of $81,655,200.00.
  • On Monday, May 7th, Mark Zuckerberg sold 237,000 shares of Facebook stock. The shares were sold at an average price of $178.43, for a total value of $42,287,910.00.
  • On Wednesday, May 9th, Mark Zuckerberg sold 677,000 shares of Facebook stock. The shares were sold at an average price of $179.26, for a total value of $121,359,020.00.
  • On Friday, May 4th, Mark Zuckerberg sold 436,530 shares of Facebook stock. The shares were sold at an average price of $175.26, for a total value of $76,506,247.80.
  • On Monday, April 30th, Mark Zuckerberg sold 156,967 shares of Facebook stock. The shares were sold at an average price of $173.67, for a total value of $27,260,458.89.
  • On Wednesday, May 2nd, Mark Zuckerberg sold 521,967 shares of Facebook stock. The shares were sold at an average price of $174.40, for a total value of $91,031,044.80.

NASDAQ FB traded down $0.79 during trading on Thursday, hitting $186.11. 7,745,625 shares of the company traded hands, compared to its average volume of 23,473,544. Facebook, Inc. has a 12 month low of $144.56 and a 12 month high of $195.32. The firm has a market cap of $533.94 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 0.99 and a beta of 0.78.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 25th. The social networking company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.44. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $11.41 billion. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The business’s revenue was up 49.0% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. analysts forecast that Facebook, Inc. will post 7.64 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on FB. Aegis lifted their price target on Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reiterated a “buy” rating and set a $220.00 price target on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. JMP Securities set a $235.00 price target on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Canaccord Genuity reiterated a “buy” rating and set a $240.00 price target (up from $230.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, Mizuho lifted their price target on Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $217.37.

Several institutional investors have recently bought and sold shares of the company. Huber Financial Advisors LLC bought a new position in Facebook during the fourth quarter valued at about $594,000. Bray Capital Advisors boosted its holdings in Facebook by 2.6% during the fourth quarter. Bray Capital Advisors now owns 24,802 shares of the social networking company’s stock valued at $4,377,000 after purchasing an additional 625 shares in the last quarter. LA Financiere DE L Echiquier boosted its holdings in Facebook by 4.5% during the fourth quarter. LA Financiere DE L Echiquier now owns 95,185 shares of the social networking company’s stock valued at $16,796,000 after purchasing an additional 4,065 shares in the last quarter. Professional Advisory Services Inc. boosted its holdings in shares of Facebook by 7.0% in the 4th quarter. Professional Advisory Services Inc. now owns 98,743 shares of the social networking company’s stock worth $17,424,000 after acquiring an additional 6,444 shares in the last quarter. Finally, Washington Trust Bank boosted its holdings in shares of Facebook by 1.7% in the 4th quarter. Washington Trust Bank now owns 63,141 shares of the social networking company’s stock worth $11,142,000 after acquiring an additional 1,073 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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

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