Michael Todd Schroepfer Sells 38,017 Shares of Facebook Inc (FB) Stock

Facebook Inc (NASDAQ:FB) insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the sale, the insider now owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Michael Todd Schroepfer also recently made the following trade(s):

  • On Tuesday, December 12th, Michael Todd Schroepfer sold 38,042 shares of Facebook stock. The shares were sold at an average price of $177.86, for a total value of $6,766,150.12.
  • On Tuesday, November 14th, Michael Todd Schroepfer sold 38,043 shares of Facebook stock. The shares were sold at an average price of $178.25, for a total value of $6,781,164.75.

Shares of Facebook Inc (NASDAQ:FB) opened at $179.37 on Friday. The stock has a market capitalization of $521,210.00, a PE ratio of 33.34, a P/E/G ratio of 1.06 and a beta of 0.68. Facebook Inc has a 1-year low of $126.78 and a 1-year high of $188.90.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 47.3% on a year-over-year basis. analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in FB. First City Capital Management Inc. purchased a new stake in shares of Facebook in the 1st quarter valued at about $238,000. Toth Financial Advisory Corp raised its holdings in shares of Facebook by 3.0% in the 2nd quarter. Toth Financial Advisory Corp now owns 5,902 shares of the social networking company’s stock valued at $891,000 after acquiring an additional 172 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its holdings in shares of Facebook by 31.0% in the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,580,000 shares of the social networking company’s stock valued at $389,477,000 after acquiring an additional 610,000 shares in the last quarter. Copper Rock Capital Partners LLC raised its holdings in shares of Facebook by 118.1% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 4,965 shares of the social networking company’s stock valued at $571,000 after acquiring an additional 2,689 shares in the last quarter. Finally, American National Bank raised its holdings in shares of Facebook by 3.8% in the 2nd quarter. American National Bank now owns 34,608 shares of the social networking company’s stock valued at $5,225,000 after acquiring an additional 1,274 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

FB has been the subject of a number of recent analyst reports. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Barclays upped their price objective on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Needham & Company LLC upped their price objective on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Wedbush set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $203.72.

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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)

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