Facebook Inc (NASDAQ:FB) CTO Michael Todd Schroepfer sold 38,042 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $177.86, for a total value of $6,766,150.12. Following the transaction, the chief technology officer now directly owns 402,534 shares in the company, valued at approximately $71,594,697.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michael Todd Schroepfer also recently made the following trade(s):

  • On Tuesday, November 14th, Michael Todd Schroepfer sold 38,043 shares of Facebook stock. The shares were sold at an average price of $178.25, for a total transaction of $6,781,164.75.
  • On Tuesday, October 10th, Michael Todd Schroepfer sold 38,058 shares of Facebook stock. The shares were sold at an average price of $171.51, for a total transaction of $6,527,327.58.

Facebook Inc (FB) traded up $0.09 during mid-day trading on Thursday, reaching $178.39. The company’s stock had a trading volume of 13,393,757 shares, compared to its average volume of 16,933,115. The company has a market cap of $514,211.81, a PE ratio of 34.10, a PEG ratio of 1.13 and a beta of 0.69. Facebook Inc has a 52-week low of $114.77 and a 52-week high of $184.25.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. research analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook during the 3rd quarter worth about $111,000. D. Scott Neal Inc. boosted its stake in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Facebook during the 3rd quarter worth about $152,000. Finally, Pacific Center for Financial Services boosted its stake in shares of Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 57.86% of the company’s stock.

Several brokerages have commented on FB. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price for the company in a research report on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and set a $195.00 target price (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Pivotal Research reiterated a “sell” rating and set a $140.00 target price on shares of Facebook in a research report on Wednesday, September 6th. Wells Fargo & Company set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Atlantic Securities set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $200.75.

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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.

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

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