Facebook Inc (FB) Insider Michael Todd Schroepfer Sells 38,017 Shares

Facebook Inc (NASDAQ:FB) insider Michael Todd Schroepfer sold 38,017 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the sale, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, December 12th, Michael Todd Schroepfer sold 38,042 shares of Facebook stock. The stock was sold at an average price of $177.86, for a total transaction of $6,766,150.12.
  • On Tuesday, November 14th, Michael Todd Schroepfer sold 38,043 shares of Facebook stock. The stock was sold at an average price of $178.25, for a total transaction of $6,781,164.75.

Facebook Inc (NASDAQ FB) opened at $179.37 on Friday. Facebook Inc has a 1 year low of $126.78 and a 1 year high of $188.90. The company has a market cap of $521,210.00, a P/E ratio of 33.34, a P/E/G ratio of 1.07 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue was up 47.3% on a year-over-year basis. sell-side analysts predict that Facebook Inc will post 5.86 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $232.00 target price (up from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price on the stock in a report on Monday, September 25th. Morgan Stanley restated an “overweight” rating and set a $195.00 price target (up previously from $190.00) on shares of Facebook in a report on Monday, October 2nd. Finally, Wells Fargo & Co set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average target price of $203.72.

A number of hedge funds have recently bought and sold shares of FB. First City Capital Management Inc. bought a new stake in Facebook in the first quarter worth approximately $238,000. Toth Financial Advisory Corp grew its position in Facebook by 3.0% in the second quarter. Toth Financial Advisory Corp now owns 5,902 shares of the social networking company’s stock worth $891,000 after acquiring an additional 172 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its position in Facebook by 31.0% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,580,000 shares of the social networking company’s stock worth $389,477,000 after acquiring an additional 610,000 shares in the last quarter. Copper Rock Capital Partners LLC grew its position in Facebook by 118.1% in the second quarter. Copper Rock Capital Partners LLC now owns 4,965 shares of the social networking company’s stock worth $571,000 after acquiring an additional 2,689 shares in the last quarter. Finally, American National Bank boosted its holdings in shares of Facebook by 3.8% during the 2nd quarter. American National Bank now owns 34,608 shares of the social networking company’s stock worth $5,225,000 after buying an additional 1,274 shares during the period. 57.73% of the stock is owned by institutional investors.

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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)

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