Mark Zuckerberg Sells 62,250 Shares of Facebook Inc. Stock

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Facebook Inc. CEO Mark Zuckerberg sold 62,250 shares of the firm’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $276.80, for a total transaction of $17,230,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

On Wednesday, November 18th, Mark Zuckerberg sold 60,783 shares of Facebook stock. The shares were sold at an average price of $274.83, for a total transaction of $16,704,991.89.

On Friday, November 13th, Mark Zuckerberg sold 62,250 shares of Facebook stock. The shares were sold at an average price of $275.56, for a total transaction of $17,153,610.00.

On Wednesday, November 11th, Mark Zuckerberg sold 62,250 shares of Facebook stock. The shares were sold at an average price of $275.87, for a total transaction of $17,172,907.50.

On Monday, November 9th, Mark Zuckerberg sold 14,000 shares of Facebook stock. The shares were sold at an average price of $286.84, for a total transaction of $4,015,760.00.
Shares of Facebook stock opened at $272.94 on Friday. The company has a market cap of $777.41 billion, a P/E ratio of 31.09, a PEG ratio of 1.69 and a beta of 1.26. Facebook, Inc. has a one year low of $137.10 and a one year high of $304.67. The firm has a fifty day moving average of $272.44 and a two-hundred day moving average of $251.42.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.77. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The business had revenue of $21.47 billion for the quarter, compared to analysts’ expectations of $19.78 billion. During the same period in the prior year, the company posted $2.12 EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, equities analysts anticipate that Facebook, Inc. will post 9.18 EPS for the current year.

Several large investors have recently bought and sold shares of FB. Morgan Stanley grew its stake in shares of Facebook by 2.4% during the 1st quarter. Morgan Stanley now owns 17,661,522 shares of the social networking company’s stock worth $2,945,942,000 after purchasing an additional 412,559 shares during the period. Watson Rebecca acquired a new position in shares of Facebook during the 2nd quarter worth $25,000. Baldwin Brothers Inc. MA grew its stake in shares of Facebook by 1.2% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 7,467 shares of the social networking company’s stock worth $1,696,000 after purchasing an additional 90 shares during the period. Marco Investment Management LLC grew its stake in shares of Facebook by 9.0% during the 2nd quarter. Marco Investment Management LLC now owns 13,772 shares of the social networking company’s stock worth $3,127,000 after purchasing an additional 1,135 shares during the period. Finally, Albert D Mason Inc. grew its stake in shares of Facebook by 15.6% during the 2nd quarter. Albert D Mason Inc. now owns 4,930 shares of the social networking company’s stock worth $1,119,000 after purchasing an additional 665 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

FB has been the topic of several research analyst reports. KeyCorp lifted their target price on shares of Facebook from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price target on shares of Facebook in a research note on Friday, October 30th. Barclays raised their price target on shares of Facebook from $285.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. 140166 raised their price target on shares of Facebook from $285.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Finally, Argus lifted their target price on shares of Facebook from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average target price of $293.84.

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