Facebook, Inc. (FB) Insider Michael Todd Schroepfer Sells 37,963 Shares
Facebook, Inc. (NASDAQ:FB) insider Michael Todd Schroepfer sold 37,963 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $171.98, for a total value of $6,528,876.74. Following the transaction, the insider now directly owns 882,427 shares in the company, valued at $151,759,795.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Todd Schroepfer also recently made the following trade(s):
- On Tuesday, July 11th, Michael Todd Schroepfer sold 37,914 shares of Facebook stock. The shares were sold at an average price of $154.43, for a total value of $5,855,059.02.
Shares of Facebook, Inc. (NASDAQ:FB) traded down 2.21% during trading on Thursday, reaching $167.40. 20,832,746 shares of the company were exchanged. The company’s 50-day moving average is $160.89 and its 200 day moving average is $147.01. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The firm has a market capitalization of $486.16 billion, a PE ratio of 37.47 and a beta of 0.70.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 44.8% on a year-over-year basis. Equities research analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Facebook in a research note on Saturday, June 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $168.00 price objective (up from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective on the stock in a research note on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $192.00 price objective (up from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $155.00 price objective on shares of Facebook in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $182.00.
Several institutional investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI increased its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the period. Cohen Capital Management Inc. purchased a new stake in shares of Facebook during the first quarter valued at $121,000. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the period. Finally, Cable Hill Partners LLC increased its stake in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 57.60% of the company’s stock.
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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