Facebook, Inc. (FB) Insider Michael Todd Schroepfer Sells 38,058 Shares

Facebook, Inc. (NASDAQ:FB) insider Michael Todd Schroepfer sold 38,058 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $171.51, for a total transaction of $6,527,327.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, September 12th, Michael Todd Schroepfer sold 38,055 shares of Facebook stock. The stock was sold at an average price of $172.60, for a total transaction of $6,568,293.00.
  • On Tuesday, August 8th, Michael Todd Schroepfer sold 37,963 shares of Facebook stock. The stock was sold at an average price of $171.98, for a total transaction of $6,528,876.74.

Facebook, Inc. (FB) traded up 0.94% during midday trading on Friday, reaching $174.18. 7,552,448 shares of the company were exchanged. The firm has a market capitalization of $505.85 billion, a PE ratio of 38.98 and a beta of 0.70. The company has a 50-day moving average of $170.39 and a 200 day moving average of $158.07. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 44.8% compared to the same quarter last year. Equities analysts predict that Facebook, Inc. will post $5.34 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Crow Point Partners LLC lifted its position in shares of Facebook by 282.6% during the third quarter. Crow Point Partners LLC now owns 3,585 shares of the social networking company’s stock worth $605,000 after purchasing an additional 2,648 shares during the last quarter. Eqis Capital Management Inc. lifted its position in shares of Facebook by 6.4% during the third quarter. Eqis Capital Management Inc. now owns 16,279 shares of the social networking company’s stock worth $2,782,000 after purchasing an additional 983 shares during the last quarter. Curbstone Financial Management Corp lifted its position in shares of Facebook by 87.0% during the third quarter. Curbstone Financial Management Corp now owns 11,472 shares of the social networking company’s stock worth $1,960,000 after purchasing an additional 5,336 shares during the last quarter. Perpetual Ltd lifted its position in shares of Facebook by 17.4% during the second quarter. Perpetual Ltd now owns 82,221 shares of the social networking company’s stock worth $12,414,000 after purchasing an additional 12,189 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Facebook during the second quarter worth $247,000. Institutional investors and hedge funds own 57.26% of the company’s stock.

FB has been the subject of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $175.00 price target on shares of Facebook in a report on Friday, June 16th. Cantor Fitzgerald set a $180.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Tuesday, June 20th. Robert W. Baird reaffirmed an “outperform” rating on shares of Facebook in a report on Monday, July 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $180.00 price target (up previously from $175.00) on shares of Facebook in a report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $185.38.

Facebook Company Profile

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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