Facebook Inc (FB) CEO Mark Zuckerberg Sells 220,000 Shares

Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg sold 220,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.52, for a total value of $38,834,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, February 16th, Mark Zuckerberg sold 245,400 shares of Facebook stock. The shares were sold at an average price of $178.16, for a total value of $43,720,464.00.
  • On Monday, February 12th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The shares were sold at an average price of $175.62, for a total value of $38,636,400.00.
  • On Wednesday, February 14th, Mark Zuckerberg sold 220,000 shares of Facebook stock. The shares were sold at an average price of $177.39, for a total value of $39,025,800.00.
  • On Friday, December 8th, Mark Zuckerberg sold 117,829 shares of Facebook stock. The shares were sold at an average price of $180.34, for a total value of $21,249,281.86.
  • On Tuesday, November 28th, Mark Zuckerberg sold 232,138 shares of Facebook stock. The shares were sold at an average price of $183.08, for a total value of $42,499,825.04.

Facebook Inc (FB) opened at $176.01 on Wednesday. Facebook Inc has a 1-year low of $132.90 and a 1-year high of $195.32. The firm has a market capitalization of $511,310.00, a PE ratio of 32.65, a PEG ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. equities analysts expect that Facebook Inc will post 7.28 earnings per share for the current year.

A number of analysts have recently weighed in on the company. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $225.00 price target on shares of Facebook in a report on Thursday, November 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Facebook in a report on Thursday, February 1st. JMP Securities set a $235.00 price target on Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, UBS Group set a $214.00 price target on Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $214.70.

Institutional investors have recently made changes to their positions in the stock. Beach Investment Management LLC. increased its position in shares of Facebook by 999.7% during the 2nd quarter. Beach Investment Management LLC. now owns 121,630 shares of the social networking company’s stock worth $18,364,000 after purchasing an additional 110,570 shares during the last quarter. Palisade Capital Management LLC NJ increased its position in shares of Facebook by 2.4% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after purchasing an additional 602 shares during the last quarter. Northstar Wealth Partners LLC increased its position in shares of Facebook by 7.5% during the 2nd quarter. Northstar Wealth Partners LLC now owns 3,232 shares of the social networking company’s stock worth $496,000 after purchasing an additional 225 shares during the last quarter. Advisor Partners LLC increased its position in shares of Facebook by 12.7% during the 2nd quarter. Advisor Partners LLC now owns 39,014 shares of the social networking company’s stock worth $5,890,000 after purchasing an additional 4,398 shares during the last quarter. Finally, Lakeview Capital Partners LLC increased its position in shares of Facebook by 3.0% during the 2nd quarter. Lakeview Capital Partners LLC now owns 7,883 shares of the social networking company’s stock worth $1,190,000 after purchasing an additional 233 shares during the last quarter. 57.32% of the stock is currently owned by institutional investors and hedge funds.

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Facebook Company Profile

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.

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

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