Facebook, Inc. (NASDAQ:FB) insider Michael Todd Schroepfer sold 38,105 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $159.04, for a total value of $6,060,219.20. Following the completion of the sale, the insider now directly owns 588,694 shares of the company’s stock, valued at approximately $93,625,893.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, September 11th, Michael Todd Schroepfer sold 38,085 shares of Facebook stock. The shares were sold at an average price of $166.11, for a total value of $6,326,299.35.
  • On Tuesday, August 14th, Michael Todd Schroepfer sold 38,037 shares of Facebook stock. The shares were sold at an average price of $180.72, for a total value of $6,874,046.64.

Shares of FB opened at $153.74 on Friday. The firm has a market capitalization of $477.76 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.05 and a beta of 0.42. Facebook, Inc. has a 1 year low of $149.02 and a 1 year high of $218.62.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). The firm had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.35 billion. Facebook had a net margin of 39.31% and a return on equity of 28.16%. The business’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 earnings per share. On average, equities research analysts predict that Facebook, Inc. will post 7.08 EPS for the current year.

A number of research analysts have recently weighed in on FB shares. Citigroup lowered Facebook to a “buy” rating and dropped their target price for the company from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Morgan Stanley raised their target price on Facebook from $185.00 to $175.00 and gave the company a “buy” rating in a report on Friday. Credit Suisse Group set a $265.00 target price on Facebook and gave the company a “buy” rating in a report on Monday, July 16th. Goldman Sachs Group restated a “buy” rating and issued a $225.00 target price on shares of Facebook in a report on Monday, July 23rd. Finally, Pivotal Research restated a “sell” rating and issued a $138.00 target price on shares of Facebook in a report on Friday, June 29th. Five analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $205.00.

Several institutional investors and hedge funds have recently modified their holdings of FB. Summit Trail Advisors LLC raised its stake in shares of Facebook by 4,170.3% in the first quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock valued at $9,071,000 after buying an additional 8,858,520 shares during the period. Fundsmith Equity Fund L.P. bought a new stake in shares of Facebook in the second quarter valued at $1,072,219,000. Cornerstone Wealth Management LLC raised its stake in shares of Facebook by 21,254.2% in the second quarter. Cornerstone Wealth Management LLC now owns 3,612,283 shares of the social networking company’s stock valued at $18,303,000 after buying an additional 3,595,367 shares during the period. BlackRock Inc. raised its stake in shares of Facebook by 2.0% in the first quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after buying an additional 2,966,437 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Facebook by 1,559.1% in the first quarter. SG Americas Securities LLC now owns 2,990,310 shares of the social networking company’s stock valued at $477,822,000 after buying an additional 2,810,076 shares during the period. Hedge funds and other institutional investors own 60.43% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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

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