Mark Zuckerberg Sells 247,147 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 247,147 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $171.96, for a total value of $42,499,398.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, August 28th, Mark Zuckerberg sold 254,525 shares of Facebook stock. The stock was sold at an average price of $166.97, for a total value of $42,498,039.25.
  • On Monday, August 14th, Mark Zuckerberg sold 124,625 shares of Facebook stock. The stock was sold at an average price of $170.51, for a total value of $21,249,808.75.
  • On Tuesday, August 15th, Mark Zuckerberg sold 248,984 shares of Facebook stock. The stock was sold at an average price of $170.69, for a total value of $42,499,078.96.
  • On Wednesday, July 12th, Mark Zuckerberg sold 134,599 shares of Facebook stock. The stock was sold at an average price of $157.87, for a total value of $21,249,144.13.
  • On Thursday, July 13th, Mark Zuckerberg sold 268,100 shares of Facebook stock. The stock was sold at an average price of $158.52, for a total value of $42,499,212.00.
  • On Friday, June 30th, Mark Zuckerberg sold 281,436 shares of Facebook stock. The stock was sold at an average price of $151.01, for a total value of $42,499,650.36.
  • On Thursday, June 22nd, Mark Zuckerberg sold 277,018 shares of Facebook stock. The stock was sold at an average price of $153.42, for a total value of $42,500,101.56.

Shares of Facebook, Inc. (FB) opened at 172.96 on Wednesday. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The stock has a market capitalization of $502.31 billion, a PE ratio of 38.71 and a beta of 0.76. The firm has a 50-day moving average price of $169.49 and a 200-day moving average price of $153.01.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. On average, equities research analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://sportsperspectives.com/2017/09/13/mark-zuckerberg-sells-247147-shares-of-facebook-inc-fb-stock.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in FB. Janus Henderson Group PLC lifted its holdings in shares of Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after purchasing an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Facebook by 15,047.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after purchasing an additional 2,523,918 shares during the last quarter. Finally, Magellan Asset Management Ltd lifted its holdings in shares of Facebook by 28.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock valued at $1,613,516,000 after purchasing an additional 2,361,166 shares during the last quarter. 57.30% of the stock is owned by institutional investors.

FB has been the subject of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a report on Friday, June 16th. Vetr downgraded Facebook from a “buy” rating to a “hold” rating and set a $156.06 price objective for the company. in a report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price objective on Facebook and gave the stock a “buy” rating in a report on Tuesday, June 20th. Robert W. Baird reiterated a “buy” rating and issued a $185.00 price objective on shares of Facebook in a report on Friday, September 1st. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Facebook in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $183.74.

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)

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

Latest News

Leave a Reply