Insider Selling: Facebook, Inc. (NASDAQ:FB) CEO Sells 122,375 Shares of Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 122,375 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $184.73, for a total transaction of $22,606,333.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 19th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $186.36, for a total transaction of $23,406,816.00.
  • On Friday, August 16th, Mark Zuckerberg sold 237,823 shares of Facebook stock. The stock was sold at an average price of $182.75, for a total transaction of $43,462,153.25.
  • On Monday, August 12th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The stock was sold at an average price of $186.10, for a total transaction of $23,374,160.00.
  • On Wednesday, August 14th, Mark Zuckerberg sold 7,500 shares of Facebook stock. The stock was sold at an average price of $181.95, for a total transaction of $1,364,625.00.
  • On Friday, August 9th, Mark Zuckerberg sold 133,100 shares of Facebook stock. The shares were sold at an average price of $188.66, for a total transaction of $25,110,646.00.
  • On Monday, August 5th, Mark Zuckerberg sold 112,190 shares of Facebook stock. The shares were sold at an average price of $182.37, for a total transaction of $20,460,090.30.
  • On Wednesday, August 7th, Mark Zuckerberg sold 125,600 shares of Facebook stock. The shares were sold at an average price of $184.50, for a total transaction of $23,173,200.00.

FB stock traded down $3.14 during mid-day trading on Thursday, reaching $180.41. The company had a trading volume of 178,887 shares, compared to its average volume of 17,474,040. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The company has a market capitalization of $531.13 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The firm has a 50 day moving average of $194.09 and a 200 day moving average of $180.80. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was up 27.6% on a year-over-year basis. Analysts anticipate that Facebook, Inc. will post 7.96 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FB. Whitnell & Co. bought a new position in shares of Facebook during the fourth quarter valued at approximately $26,000. Cordasco Financial Network boosted its stake in shares of Facebook by 70.0% during the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Shamrock Asset Management LLC bought a new position in shares of Facebook during the second quarter valued at approximately $38,000. Signet Investment Advisory Group Inc. bought a new position in shares of Facebook during the fourth quarter valued at approximately $39,000. Finally, Clean Yield Group bought a new position in shares of Facebook during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 62.44% of the company’s stock.

Several brokerages have recently issued reports on FB. BidaskClub cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Pivotal Research reiterated a “buy” rating and set a $225.00 price target (up from $220.00) on shares of Facebook in a report on Thursday, July 25th. Argus upped their price target on shares of Facebook from $206.00 to $220.00 and gave the company a “buy” rating in a report on Friday, April 26th. Loop Capital upped their price target on shares of Facebook from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, China Renaissance Securities began coverage on shares of Facebook in a report on Wednesday, May 29th. They set a “buy” rating and a $245.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have assigned a buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $220.92.

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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