Facebook, Inc. (NASDAQ:FB) VP Sells $51,316.20 in Stock

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $197.37, for a total transaction of $51,316.20. Following the sale, the vice president now owns 2,606 shares in the company, valued at approximately $514,346.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Newstead also recently made the following trade(s):

  • On Tuesday, November 26th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $200.01, for a total transaction of $52,002.60.
  • On Tuesday, November 19th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $197.40, for a total transaction of $51,324.00.

FB traded down $0.11 on Wednesday, reaching $198.71. 8,456,040 shares of the company’s stock were exchanged, compared to its average volume of 11,843,278. The stock has a market cap of $567.90 billion, a PE ratio of 26.25, a P/E/G ratio of 1.13 and a beta of 1.05. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The stock’s fifty day moving average price is $193.51 and its 200-day moving average price is $188.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.21. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. Facebook’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. As a group, research analysts predict that Facebook, Inc. will post 8.61 earnings per share for the current fiscal year.

Several research firms recently commented on FB. Summit Insights began coverage on shares of Facebook in a research report on Friday, September 27th. They set a “buy” rating on the stock. Wedbush dropped their price target on shares of Facebook from $265.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank raised their price target on shares of Facebook from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on shares of Facebook from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Goldman Sachs Group set a $231.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus price target of $229.19.

A number of institutional investors and hedge funds have recently bought and sold shares of FB. Nuveen Asset Management LLC boosted its position in Facebook by 5,336.8% during the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after acquiring an additional 22,082,561 shares during the last quarter. Invesco Ltd. boosted its position in Facebook by 36.5% during the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after acquiring an additional 9,368,684 shares during the last quarter. Viking Global Investors LP boosted its position in Facebook by 231.7% during the second quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock worth $1,363,295,000 after acquiring an additional 4,934,406 shares during the last quarter. BlackRock Inc. boosted its position in Facebook by 2.8% during the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock worth $29,270,846,000 after acquiring an additional 4,114,043 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Facebook by 2.0% during the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock worth $34,871,738,000 after acquiring an additional 3,465,756 shares during the last quarter. Hedge funds and other institutional investors own 63.81% of the company’s stock.

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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