Mark Zuckerberg Sells 324,000 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 324,000 shares of the stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $166.88, for a total transaction of $54,069,120.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Monday, April 16th, Mark Zuckerberg sold 145,000 shares of Facebook stock. The stock was sold at an average price of $164.78, for a total transaction of $23,893,100.00.
  • On Wednesday, April 18th, Mark Zuckerberg sold 435,000 shares of Facebook stock. The stock was sold at an average price of $166.51, for a total transaction of $72,431,850.00.
  • On Friday, April 13th, Mark Zuckerberg sold 290,000 shares of Facebook stock. The stock was sold at an average price of $164.62, for a total transaction of $47,739,800.00.
  • On Tuesday, April 10th, Mark Zuckerberg sold 1,636 shares of Facebook stock. The stock was sold at an average price of $164.46, for a total transaction of $269,056.56.
  • On Friday, April 6th, Mark Zuckerberg sold 290,000 shares of Facebook stock. The stock was sold at an average price of $159.07, for a total transaction of $46,130,300.00.
  • On Wednesday, April 4th, Mark Zuckerberg sold 290,000 shares of Facebook stock. The shares were sold at an average price of $154.14, for a total transaction of $44,700,600.00.
  • On Monday, April 2nd, Mark Zuckerberg sold 145,000 shares of Facebook stock. The shares were sold at an average price of $155.94, for a total transaction of $22,611,300.00.
  • On Monday, March 26th, Mark Zuckerberg sold 145,000 shares of Facebook stock. The shares were sold at an average price of $155.56, for a total transaction of $22,556,200.00.
  • On Wednesday, March 28th, Mark Zuckerberg sold 140,200 shares of Facebook stock. The shares were sold at an average price of $153.55, for a total transaction of $21,527,710.00.
  • On Thursday, March 22nd, Mark Zuckerberg sold 152,700 shares of Facebook stock. The shares were sold at an average price of $166.61, for a total transaction of $25,441,347.00.

FB traded down $0.44 during trading on Monday, reaching $165.84. 23,077,784 shares of the company’s stock were exchanged, compared to its average volume of 33,164,793. Facebook, Inc. has a 1 year low of $144.34 and a 1 year high of $195.32. The firm has a market capitalization of $483,043.41, a PE ratio of 26.92, a P/E/G ratio of 0.91 and a beta of 0.80.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. equities research analysts anticipate that Facebook, Inc. will post 7.11 EPS for the current fiscal year.

Several analysts have commented on FB shares. Macquarie reissued a “buy” rating and set a $200.00 price target on shares of Facebook in a research report on Tuesday, March 20th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price target for the company in a research report on Thursday, January 25th. Zacks Investment Research lowered shares of Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. JPMorgan Chase reissued a “buy” rating and set a $242.00 price target on shares of Facebook in a research report on Tuesday, April 10th. Finally, Wedbush set a $260.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Monday, April 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $209.18.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Regal Investment Advisors LLC grew its stake in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after purchasing an additional 18 shares during the period. Aspen Investment Management Inc grew its stake in shares of Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after purchasing an additional 30 shares during the period. First Commonwealth Financial Corp PA grew its stake in shares of Facebook by 0.5% during the 2nd quarter. First Commonwealth Financial Corp PA now owns 8,630 shares of the social networking company’s stock worth $1,303,000 after purchasing an additional 46 shares during the period. Affinity Wealth Management grew its stake in shares of Facebook by 2.5% during the 2nd quarter. Affinity Wealth Management now owns 2,184 shares of the social networking company’s stock worth $330,000 after purchasing an additional 54 shares during the period. Finally, Odey Holdings AG grew its stake in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the period. 58.55% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Mark Zuckerberg Sells 324,000 Shares of Facebook, Inc. (FB) Stock” was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2018/04/23/mark-zuckerberg-sells-324000-shares-of-facebook-inc-fb-stock.html.

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)

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.

Leave a Reply