Insider Selling: Facebook, Inc. (NASDAQ:FB) CEO Sells 8,000 Shares of Stock

Wednesday, April 7, 2021 | MarketBeat

Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg sold 8,000 shares of the stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $307.20, for a total transaction of $2,457,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, April 7th, Mark Zuckerberg sold 68,000 shares of Facebook stock. The shares were sold at an average price of $310.73, for a total value of $21,129,640.00.
  • On Wednesday, March 31st, Mark Zuckerberg sold 56,250 shares of Facebook stock. The stock was sold at an average price of $294.06, for a total value of $16,540,875.00.
  • On Friday, March 26th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The shares were sold at an average price of $281.21, for a total value of $15,818,062.50.
  • On Wednesday, March 24th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The stock was sold at an average price of $287.14, for a total value of $16,151,625.00.
  • On Monday, March 22nd, Mark Zuckerberg sold 50,000 shares of Facebook stock. The shares were sold at an average price of $294.79, for a total transaction of $14,739,500.00.
  • On Friday, March 19th, Mark Zuckerberg sold 56,250 shares of Facebook stock. The stock was sold at an average price of $288.21, for a total transaction of $16,211,812.50.
  • On Monday, March 15th, Mark Zuckerberg sold 45,758 shares of Facebook stock. The shares were sold at an average price of $272.72, for a total transaction of $12,479,121.76.
  • On Wednesday, March 17th, Mark Zuckerberg sold 6,250 shares of Facebook stock. The stock was sold at an average price of $280.57, for a total transaction of $1,753,562.50.
  • On Friday, March 12th, Mark Zuckerberg sold 44,750 shares of Facebook stock. The stock was sold at an average price of $266.69, for a total transaction of $11,934,377.50.
  • On Monday, March 8th, Mark Zuckerberg sold 4,750 shares of Facebook stock. The shares were sold at an average price of $260.99, for a total value of $1,239,702.50.

NASDAQ FB traded up $6.83 on Wednesday, reaching $313.09. 22,530,430 shares of the company's stock traded hands, compared to its average volume of 20,829,771. Facebook, Inc. has a fifty-two week low of $167.74 and a fifty-two week high of $314.25. The firm has a market cap of $891.58 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 1.29 and a beta of 1.18. The stock has a 50 day moving average price of $275.55 and a 200-day moving average price of $271.28.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 27th. The social networking company reported $3.88 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.24 by $0.64. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business had revenue of $28.10 million during the quarter, compared to analyst estimates of $26.43 billion. During the same quarter last year, the business posted $2.56 EPS. The company's revenue was up 33.2% on a year-over-year basis. On average, analysts expect that Facebook, Inc. will post 9.39 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in FB. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Facebook by 10.3% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 6,388 shares of the social networking company's stock worth $1,745,000 after acquiring an additional 595 shares in the last quarter. Youngs Advisory Group Inc. boosted its position in Facebook by 8.3% during the fourth quarter. Youngs Advisory Group Inc. now owns 1,123 shares of the social networking company's stock worth $307,000 after purchasing an additional 86 shares in the last quarter. Proem Advisors LLC acquired a new stake in Facebook in the fourth quarter valued at approximately $9,287,000. ProShare Advisors LLC increased its position in shares of Facebook by 2.1% in the fourth quarter. ProShare Advisors LLC now owns 1,735,287 shares of the social networking company's stock valued at $474,011,000 after buying an additional 36,114 shares in the last quarter. Finally, Stoneridge Investment Partners LLC raised its stake in shares of Facebook by 24.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 7,716 shares of the social networking company's stock worth $2,108,000 after buying an additional 1,500 shares during the period. 64.95% of the stock is owned by institutional investors.

Several research analysts have commented on FB shares. Cowen raised their price objective on Facebook from $330.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, January 12th. Loop Capital lifted their price objective on Facebook from $330.00 to $370.00 and gave the company a "buy" rating in a report on Tuesday, February 16th. Mizuho reiterated a "buy" rating and set a $350.00 target price on shares of Facebook in a report on Thursday, January 28th. JPMorgan Chase & Co. raised their target price on shares of Facebook from $330.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, January 28th. Finally, Wedbush upped their price target on shares of Facebook from $320.00 to $375.00 and gave the stock an "outperform" rating in a research report on Thursday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of "Buy" and a consensus price target of $327.15.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

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