Insider Selling: Facebook, Inc. (NASDAQ:FB) CAO Sells $944,100.00 in Stock

Facebook, Inc. (NASDAQ:FB) CAO Susan J.S. Taylor sold 3,147 shares of the stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $300.00, for a total value of $944,100.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Susan J.S. Taylor also recently made the following trade(s):

  • On Thursday, February 18th, Susan J.S. Taylor sold 2,707 shares of Facebook stock. The shares were sold at an average price of $269.47, for a total value of $729,455.29.

Shares of FB opened at $313.09 on Thursday. The stock has a market capitalization of $891.58 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Facebook, Inc. has a 1 year low of $167.74 and a 1 year high of $314.25. The business’s 50 day simple moving average is $275.55 and its 200-day simple moving average is $271.28.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 27th. The social networking company reported $3.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.64. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The company had revenue of $28.10 million for the quarter, compared to the consensus estimate of $26.43 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Facebook’s revenue was up 33.2% on a year-over-year basis. As a group, analysts expect that Facebook, Inc. will post 9.39 earnings per share for the current year.

Several research firms have issued reports on FB. Morgan Stanley upped their target price on shares of Facebook from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Credit Suisse Group raised their target price on shares of Facebook from $325.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. MKM Partners boosted their target price on shares of Facebook from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. Pivotal Research lifted their price objective on Facebook from $315.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, January 28th. Finally, Moffett Nathanson increased their target price on Facebook from $285.00 to $325.00 in a report on Friday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $327.15.

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Facebook in the fourth quarter worth about $8,021,574,000. Morgan Stanley lifted its stake in shares of Facebook by 44.5% during the 4th quarter. Morgan Stanley now owns 30,382,192 shares of the social networking company’s stock worth $8,299,199,000 after acquiring an additional 9,362,408 shares during the last quarter. SB Management Ltd purchased a new position in Facebook during the 3rd quarter valued at $2,222,276,000. Itau Unibanco Holding S.A. grew its position in Facebook by 1,791.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,405,858 shares of the social networking company’s stock valued at $18,849,000 after acquiring an additional 7,014,302 shares during the last quarter. Finally, Cibc World Markets Corp increased its stake in Facebook by 357.0% in the fourth quarter. Cibc World Markets Corp now owns 4,219,334 shares of the social networking company’s stock worth $1,152,553,000 after purchasing an additional 3,296,086 shares during the period. 64.95% of the stock is owned by hedge funds and other institutional investors.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

Further Reading: Investing in Growth Stocks

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

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