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Facebook in stock : Sells $5,304,331.55

Facebook Inc (FB) Insider Sells $5,304,331.55 in Stock

Facebook Inc (NASDAQ:FB) insider Michael Todd Schroepfer sold 37,945 shares of the business’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $139.79, for a total transaction of $5,304,331.55. Following the transaction, the insider now owns 676,380 shares of the company’s stock, valued at $94,551,160.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Facebook Inc (NASDAQ:FB) traded down 0.14% during mid-day trading on Thursday, hitting $139.39. 10,965,614 shares of the stock traded hands. Facebook Inc has a 12-month low of $106.31 and a 12-month high of $143.44. The firm’s 50 day moving average price is $139.36 and its 200-day moving average price is $129.01. The stock has a market cap of $402.83 billion, a P/E ratio of 39.91 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.10. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.47 billion. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The firm’s revenue was up 50.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. Analysts predict that Facebook Inc will post $5.43 earnings per share for the current year.

A number of brokerages have weighed in on FB. Aegis reiterated a “buy” rating on shares of Facebook in a research report on Sunday, April 2nd. Barclays PLC began coverage on shares of Facebook in a research report on Tuesday, March 28th. They issued an “overweight” rating and a $154.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating on shares of Facebook in a research report on Monday, March 27th. Instinet reiterated a “buy” rating on shares of Facebook in a research report on Saturday, March 25th. Finally, BTIG Research upgraded shares of Facebook from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $139.94 to $175.00 in a research report on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and four have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $156.21.

Hedge funds have recently modified their holdings of the company. Hemenway Trust Co LLC acquired a new stake in shares of Facebook during the fourth quarter worth $109,000. GFI Investment Counsel Ltd. purchased a new position in Facebook during the fourth quarter valued at approximately $115,000. Farmers & Merchants Investments Inc. raised its position in Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock valued at $116,000 after buying an additional 96 shares in the last quarter. Jacobus Wealth Management Inc. purchased a new position in Facebook during the third quarter valued at approximately $121,000. Finally, Orinda Asset Management LLC purchased a new position in Facebook during the third quarter valued at approximately $126,000. 57.00% of the stock is currently owned by institutional investors.

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.


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