Facebook, Inc. (FB) CEO Mark Zuckerberg Sells 108,000 Shares

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 108,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $178.64, for a total value of $19,293,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, April 12th, Mark Zuckerberg sold 294,100 shares of Facebook stock. The shares were sold at an average price of $178.29, for a total value of $52,435,089.00.
  • On Monday, April 8th, Mark Zuckerberg sold 6,952 shares of Facebook stock. The shares were sold at an average price of $175.16, for a total value of $1,217,712.32.
  • On Wednesday, April 10th, Mark Zuckerberg sold 222,952 shares of Facebook stock. The shares were sold at an average price of $177.59, for a total value of $39,594,045.68.
  • On Wednesday, April 3rd, Mark Zuckerberg sold 92,220 shares of Facebook stock. The shares were sold at an average price of $175.94, for a total value of $16,225,186.80.
  • 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.

Shares of FB stock traded up $0.55 during mid-day trading on Monday, hitting $179.65. The company’s stock had a trading volume of 10,236,439 shares, compared to its average volume of 19,129,438. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $218.62. The firm has a market cap of $520.29 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.29 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.20. The firm had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. On average, equities analysts forecast that Facebook, Inc. will post 7.54 earnings per share for the current year.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Facebook from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Morgan Stanley raised their target price on Facebook from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Needham & Company LLC lowered their target price on Facebook from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, December 21st. Deutsche Bank reaffirmed a “buy” rating and set a $200.00 target price (up from $195.00) on shares of Facebook in a research report on Thursday, January 31st. Finally, Cowen reaffirmed an “outperform” rating and set a $195.00 target price (up from $184.00) on shares of Facebook in a research report on Thursday, January 31st. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-nine have given a buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $192.11.

Several institutional investors and hedge funds have recently modified their holdings of the company. Steinberg Global Asset Management grew its stake in shares of Facebook by 228.9% in the 1st quarter. Steinberg Global Asset Management now owns 19,005 shares of the social networking company’s stock valued at $3,037,000 after buying an additional 13,226 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Facebook by 1.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 15,033 shares of the social networking company’s stock valued at $2,505,000 after purchasing an additional 209 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Facebook by 22.3% during the 1st quarter. Hodges Capital Management Inc. now owns 14,307 shares of the social networking company’s stock valued at $2,385,000 after purchasing an additional 2,610 shares during the last quarter. Horan Capital Management boosted its stake in Facebook by 0.8% during the 1st quarter. Horan Capital Management now owns 170,838 shares of the social networking company’s stock valued at $28,476,000 after purchasing an additional 1,415 shares during the last quarter. Finally, TIAA FSB boosted its stake in Facebook by 7.7% during the 1st quarter. TIAA FSB now owns 156,896 shares of the social networking company’s stock valued at $26,153,000 after purchasing an additional 11,219 shares during the last quarter. Institutional investors own 60.21% of the company’s stock.

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

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