Mark Zuckerberg Sells 294,100 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 294,100 shares of Facebook stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $178.29, for a total value of $52,435,089.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, April 15th, Mark Zuckerberg sold 108,000 shares of Facebook stock. The stock was sold at an average price of $178.64, for a total value of $19,293,120.00.
  • On Monday, April 8th, Mark Zuckerberg sold 6,952 shares of Facebook stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $176.27, for a total value of $44,957,663.50.

Shares of NASDAQ FB traded up $0.55 during midday trading on Monday, reaching $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 12-month low of $123.02 and a 12-month high of $218.62. The company has a market capitalization of $520.29 billion, a PE ratio of 23.73, a PEG ratio of 1.29 and a beta of 0.88.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.20. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The company’s revenue was up 30.4% compared to the same quarter last year. Research analysts expect that Facebook, Inc. will post 7.54 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in FB. FMR LLC raised its holdings in shares of Facebook by 1.7% in the 3rd quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock worth $20,435,077,000 after purchasing an additional 2,132,804 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares during the period. Geode Capital Management LLC raised its holdings in shares of Facebook by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 31,772,199 shares of the social networking company’s stock worth $4,157,898,000 after purchasing an additional 2,203,076 shares during the period. Northern Trust Corp raised its holdings in shares of Facebook by 3.4% in the 4th quarter. Northern Trust Corp now owns 27,700,212 shares of the social networking company’s stock worth $3,631,220,000 after purchasing an additional 911,997 shares during the period. Finally, Morgan Stanley raised its holdings in Facebook by 3.2% during the 3rd quarter. Morgan Stanley now owns 25,517,710 shares of the social networking company’s stock valued at $4,196,642,000 after acquiring an additional 799,081 shares during the period. Hedge funds and other institutional investors own 60.21% of the company’s stock.

FB has been the subject of several research reports. BidaskClub upgraded Facebook from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Raymond James raised their target price on Facebook from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. SunTrust Banks raised their target price on Facebook to $210.00 and gave the company a “buy” rating in a research note on Thursday, January 31st. They noted that the move was a valuation call. Finally, Jefferies Financial Group restated a “buy” rating and issued a $200.00 target price (up from $180.00) on shares of Facebook in a research note on Thursday, January 31st. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $192.11.

ILLEGAL ACTIVITY WARNING: This piece was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2019/04/15/mark-zuckerberg-sells-294100-shares-of-facebook-inc-fb-stock.html.

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.

Read More: Why is the ex-dividend date different from the record date?

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

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit