Facebook, Inc. (FB) CEO Mark Zuckerberg Sells 290,000 Shares

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 290,000 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $159.07, for a total transaction of $46,130,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, April 20th, Mark Zuckerberg sold 324,000 shares of Facebook stock. The shares were sold at an average price of $166.88, for a total transaction of $54,069,120.00.
• On Monday, April 16th, Mark Zuckerberg sold 145,000 shares of Facebook stock. The stock was sold at an average price of $164.78, for a total transaction of $23,893,100.00.
• On Wednesday, April 18th, Mark Zuckerberg sold 435,000 shares of Facebook stock. The stock was sold at an average price of $166.51, for a total transaction of $72,431,850.00.
• On Friday, April 13th, Mark Zuckerberg sold 290,000 shares of Facebook stock. The stock was sold at an average price of $164.62, for a total transaction of $47,739,800.00.
• On Tuesday, April 10th, Mark Zuckerberg sold 1,636 shares of Facebook stock. The stock was sold at an average price of $164.46, for a total transaction of $269,056.56.
• On Wednesday, April 4th, Mark Zuckerberg sold 290,000 shares of Facebook stock. The stock was sold at an average price of $154.14, for a total transaction of $44,700,600.00.
• On Monday, April 2nd, Mark Zuckerberg sold 145,000 shares of Facebook stock. The stock was sold at an average price of $155.94, for a total transaction of $22,611,300.00.
• On Monday, March 26th, Mark Zuckerberg sold 145,000 shares of Facebook stock. The stock was sold at an average price of $155.56, for a total transaction of $22,556,200.00.
• On Wednesday, March 28th, Mark Zuckerberg sold 140,200 shares of Facebook stock. The stock was sold at an average price of $153.55, for a total transaction of $21,527,710.00.
• On Thursday, March 22nd, Mark Zuckerberg sold 152,700 shares of Facebook stock. The stock was sold at an average price of $166.61, for a total transaction of $25,441,347.00.

Shares of NASDAQ FB traded down $6.15 during mid-day trading on Tuesday, reaching $159.69. 34,966,711 shares of the company were exchanged, compared to its average volume of 33,209,277. Facebook, Inc. has a 52 week low of $144.42 and a 52 week high of $195.32. The company has a market capitalization of $483,043.41, a P/E ratio of 25.92, a P/E/G ratio of 0.91 and a beta of 0.80.

 

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. sell-side analysts predict that Facebook, Inc. will post 7.11 earnings per share for the current fiscal year.A number of institutional investors have recently bought and sold shares of FB. Huber Financial Advisors LLC purchased a new position in shares of Facebook in the fourth quarter valued at about $594,000. Bray Capital Advisors increased its position in shares of Facebook by 2.6% in the fourth quarter. Bray Capital Advisors now owns 24,802 shares of the social networking company’s stock valued at $4,377,000 after acquiring an additional 625 shares during the period. LA Financiere DE L Echiquier increased its position in shares of Facebook by 4.5% in 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 acquiring an additional 4,065 shares during the period. Professional Advisory Services Inc. increased its position in shares of Facebook by 7.0% in the fourth quarter. Professional Advisory Services Inc. now owns 98,743 shares of the social networking company’s stock valued at $17,424,000 after acquiring an additional 6,444 shares during the period. Finally, Washington Trust Bank increased its position in shares of Facebook by 1.7% in the fourth quarter. Washington Trust Bank now owns 63,141 shares of the social networking company’s stock valued at $11,142,000 after acquiring an additional 1,073 shares during the period. 58.55% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on FB shares. Wedbush restated an “outperform” rating on shares of Facebook in a research note on Tuesday. Credit Suisse Group decreased their price target on shares of Facebook from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday. Goldman Sachs set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Wednesday, April 18th. OTR Global lowered shares of Facebook to a “positive” rating in a research note on Wednesday, April 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $170.00 price target (down previously from $175.00) on shares of Facebook in a research note on Monday, April 16th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and a consensus price target of $209.18.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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