Insider Selling: Facebook, Inc. (FB) COO Sells 55,000 Shares of Stock

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $164.94, for a total transaction of $9,071,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sheryl Sandberg also recently made the following trade(s):

  • On Thursday, February 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $163.68, for a total transaction of $9,002,400.00.
  • On Wednesday, January 23rd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $144.93, for a total transaction of $7,971,150.00.
  • On Tuesday, January 8th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $141.66, for a total transaction of $7,791,300.00.
  • On Thursday, December 27th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $132.11, for a total transaction of $7,266,050.00.
  • On Monday, December 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $140.94, for a total transaction of $7,751,700.00.

Shares of Facebook stock traded up $0.56 during trading on Friday, hitting $162.01. 385,477 shares of the stock were exchanged, compared to its average volume of 20,744,479. The firm has a market capitalization of $469.01 billion, a P/E ratio of 21.38, a P/E/G ratio of 0.95 and a beta of 0.93. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.18 by $0.20. The business had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. As a group, research analysts expect that Facebook, Inc. will post 7.55 earnings per share for the current year.

Several research firms recently issued reports on FB. Wedbush set a $220.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, January 2nd. ValuEngine cut shares of Facebook from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Tigress Financial reaffirmed a “buy” rating on shares of Facebook in a report on Thursday, December 20th. Goldman Sachs Group cut shares of Facebook to a “neutral” rating in a report on Friday, January 4th. Finally, DZ Bank cut shares of Facebook from a “hold” rating to a “sell” rating and cut their price target for the company from $145.00 to $115.00 in a report on Thursday, December 20th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirty-nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $190.62.

Several institutional investors have recently added to or reduced their stakes in FB. Oregon Public Employees Retirement Fund grew its position in shares of Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after acquiring an additional 70,263,213 shares during the last quarter. Fundsmith Equity Fund L.P. bought a new position in shares of Facebook during the second quarter worth about $1,072,219,000. Polen Capital Management LLC grew its position in shares of Facebook by 88.2% during the fourth quarter. Polen Capital Management LLC now owns 7,354,192 shares of the social networking company’s stock worth $964,061,000 after acquiring an additional 3,445,879 shares during the last quarter. Altimeter Capital Management LP grew its position in shares of Facebook by 426.2% during the fourth quarter. Altimeter Capital Management LP now owns 3,368,000 shares of the social networking company’s stock worth $441,511,000 after acquiring an additional 2,727,900 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Facebook by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 31,772,199 shares of the social networking company’s stock worth $4,157,898,000 after acquiring an additional 2,203,076 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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