Insider Selling: Facebook, Inc. (NASDAQ:FB) CEO Sells $29,097,266.00 in Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 77,300 shares of the firm’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $376.42, for a total value of $29,097,266.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, September 15th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $371.52, for a total value of $28,718,496.00.
  • On Friday, September 10th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $381.01, for a total value of $29,452,073.00.
  • On Wednesday, September 8th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $377.77, for a total value of $29,201,621.00.
  • On Friday, September 3rd, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $375.94, for a total value of $29,060,162.00.
  • On Monday, August 30th, Mark Zuckerberg sold 6,300 shares of Facebook stock. The shares were sold at an average price of $377.06, for a total value of $2,375,478.00.
  • On Wednesday, September 1st, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $382.34, for a total value of $29,554,882.00.
  • On Friday, August 27th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $370.69, for a total value of $28,654,337.00.
  • On Monday, August 23rd, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $363.73, for a total transaction of $28,116,329.00.
  • On Wednesday, August 25th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The shares were sold at an average price of $368.45, for a total transaction of $28,481,185.00.
  • On Friday, August 20th, Mark Zuckerberg sold 77,300 shares of Facebook stock. The stock was sold at an average price of $357.45, for a total transaction of $27,630,885.00.

Shares of FB stock opened at $364.72 on Friday. Facebook, Inc. has a 1 year low of $244.13 and a 1 year high of $384.33. The firm has a fifty day moving average price of $363.80 and a 200-day moving average price of $330.30. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.17 and a beta of 1.29.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 28th. The social networking company reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.03 by $0.58. Facebook had a net margin of 37.17% and a return on equity of 30.09%. As a group, sell-side analysts expect that Facebook, Inc. will post 14.1 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on FB shares. Wedbush reaffirmed a “neutral” rating and set a $355.00 price objective on shares of Facebook in a research note on Thursday, July 29th. Robert W. Baird raised their target price on Facebook from $340.00 to $390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th. Morgan Stanley raised their target price on Facebook from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Bank of America raised their target price on Facebook from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Finally, Evercore ISI raised their target price on Facebook from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $404.35.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FB. Bessemer Securities LLC lifted its stake in Facebook by 30.4% in the 1st quarter. Bessemer Securities LLC now owns 12,916 shares of the social networking company’s stock worth $3,804,000 after purchasing an additional 3,010 shares in the last quarter. Woodward Diversified Capital LLC purchased a new stake in Facebook in the 2nd quarter worth $2,215,000. One Capital Management LLC lifted its stake in Facebook by 4.2% in the 1st quarter. One Capital Management LLC now owns 27,200 shares of the social networking company’s stock worth $8,011,000 after purchasing an additional 1,089 shares in the last quarter. Shaker Investments LLC OH lifted its stake in Facebook by 70.3% in the 1st quarter. Shaker Investments LLC OH now owns 11,186 shares of the social networking company’s stock worth $3,295,000 after purchasing an additional 4,616 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its stake in Facebook by 2.6% in the 2nd quarter. NEXT Financial Group Inc now owns 19,296 shares of the social networking company’s stock worth $6,710,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 65.72% of the company’s stock.

Facebook Company Profile

Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

Further Reading: How is inflation measured?

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.