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

Share on StockTwits

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 294,100 shares of the stock in a transaction on 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 the SEC website.

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 Facebook stock opened at $178.87 on Wednesday. The stock has a market capitalization of $521.88 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 1.31 and a beta of 0.88. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $218.62.

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

Several research analysts recently weighed in on the company. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research note on Wednesday, January 2nd. Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Wednesday, January 16th. Citigroup reaffirmed a “buy” rating and set a $185.00 target price (up previously from $175.00) on shares of Facebook in a research note on Thursday, January 31st. Wedbush decreased their target price on Facebook to $200.00 and set a “buy” rating for the company in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Tuesday, January 8th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $192.11.

A number of institutional investors have recently made changes to their positions in FB. Contravisory Investment Management Inc. increased its holdings in shares of Facebook by 153.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 121 shares during the last quarter. Whitnell & Co. acquired a new position in shares of Facebook during the 4th quarter valued at about $26,000. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Facebook during the 4th quarter valued at about $31,000. Signet Investment Advisory Group Inc. acquired a new position in shares of Facebook during the 4th quarter valued at about $39,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Facebook during the 4th quarter valued at about $45,000. 60.22% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Fairfield Current and is owned by of Fairfield Current. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/04/17/mark-zuckerberg-sells-294100-shares-of-facebook-inc-fb-stock.html.

About Facebook

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.

Featured Article: What does the Dow Jones Industrial Average (DJIA) measure?

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.



Leave a Reply