Facebook, Inc. (NASDAQ:FB) Insider Sells $6,326,299.35 in Stock

Facebook, Inc. (NASDAQ:FB) insider Michael Todd Schroepfer sold 38,085 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $166.11, for a total transaction of $6,326,299.35. Following the completion of the transaction, the insider now owns 588,694 shares in the company, valued at $97,787,960.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, August 14th, Michael Todd Schroepfer sold 38,037 shares of Facebook stock. The stock was sold at an average price of $180.72, for a total transaction of $6,874,046.64.
  • On Tuesday, July 10th, Michael Todd Schroepfer sold 37,982 shares of Facebook stock. The stock was sold at an average price of $203.67, for a total transaction of $7,735,793.94.

Shares of Facebook stock opened at $157.25 on Tuesday. The firm has a market cap of $477.76 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.05 and a beta of 0.42. Facebook, Inc. has a 12 month low of $149.02 and a 12 month high of $218.62.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.01). The firm had revenue of $13.23 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $1.32 EPS. As a group, equities research analysts forecast that Facebook, Inc. will post 7.08 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Raymond James cut shares of Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 price target on the stock. in a research report on Thursday, July 26th. Royal Bank of Canada reiterated a “buy” rating and set a $195.00 price target on shares of Facebook in a research report on Monday, September 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $202.00 price target on shares of Facebook in a research report on Thursday, August 23rd. JPMorgan Chase & Co. increased their price target on shares of Facebook from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, September 18th. Finally, MKM Partners reduced their price target on shares of Facebook to $230.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $205.68.

A number of institutional investors have recently made changes to their positions in FB. BlackRock Inc. raised its position in shares of Facebook by 1.8% in the 2nd quarter. BlackRock Inc. now owns 151,855,997 shares of the social networking company’s stock worth $29,508,656,000 after purchasing an additional 2,718,771 shares during the last quarter. FMR LLC raised its position in shares of Facebook by 2.1% in the 2nd quarter. FMR LLC now owns 122,122,806 shares of the social networking company’s stock worth $23,730,904,000 after purchasing an additional 2,488,007 shares during the last quarter. Northern Trust Corp raised its position in shares of Facebook by 0.8% in the 2nd quarter. Northern Trust Corp now owns 26,909,979 shares of the social networking company’s stock worth $5,229,147,000 after purchasing an additional 224,531 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Facebook by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock worth $4,478,724,000 after purchasing an additional 1,010,306 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Facebook by 10.1% in the 2nd quarter. Morgan Stanley now owns 24,718,629 shares of the social networking company’s stock worth $4,803,323,000 after purchasing an additional 2,265,577 shares during the last quarter. 60.43% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Index Funds

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

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