Insider Selling: Facebook, Inc. Common Stock (FB) COO Sells $9,133,850.00 in Stock

Facebook, Inc. Common Stock (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $166.07, for a total value of $9,133,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, August 29th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The shares were sold at an average price of $175.67, for a total value of $9,661,850.00.
  • On Tuesday, August 14th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The stock was sold at an average price of $180.72, for a total value of $9,939,600.00.
  • On Thursday, July 19th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The stock was sold at an average price of $208.53, for a total value of $11,469,150.00.
  • On Thursday, June 28th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The stock was sold at an average price of $195.53, for a total value of $10,754,150.00.

NASDAQ FB opened at $162.32 on Friday. The firm has a market cap of $470.61 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.04 and a beta of 0.49. Facebook, Inc. Common Stock has a fifty-two week low of $149.02 and a fifty-two week high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). The company had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. Facebook, Inc. Common Stock’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. equities analysts anticipate that Facebook, Inc. Common Stock will post 7.08 EPS for the current fiscal year.

A number of research firms have commented on FB. Wells Fargo & Co reissued a “buy” rating and issued a $220.00 target price (down previously from $250.00) on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Wedbush reissued a “buy” rating and issued a $250.00 target price on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Monness Crespi & Hardt reduced their target price on Facebook, Inc. Common Stock from $225.00 to $205.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Citigroup lowered Facebook, Inc. Common Stock to a “buy” rating and reduced their target price for the stock from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “buy” rating and issued a $215.00 target price (down previously from $245.00) on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $206.89.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FB. Townsend & Associates Inc raised its holdings in Facebook, Inc. Common Stock by 6.6% during the second quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock valued at $792,000 after acquiring an additional 254 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in Facebook, Inc. Common Stock by 2.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock valued at $2,462,000 after acquiring an additional 274 shares during the period. Valmark Advisers Inc. raised its holdings in Facebook, Inc. Common Stock by 18.6% during the second quarter. Valmark Advisers Inc. now owns 1,797 shares of the social networking company’s stock valued at $349,000 after acquiring an additional 282 shares during the period. Venturi Wealth Management LLC raised its holdings in Facebook, Inc. Common Stock by 8.5% during the fourth quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after acquiring an additional 284 shares during the period. Finally, Harvest Group Wealth Management LLC raised its holdings in Facebook, Inc. Common Stock by 2.4% during the first quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after acquiring an additional 286 shares during the period. Institutional investors own 60.42% of the company’s stock.

Facebook, Inc. Common Stock Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

See Also: Intrinsic Value

Insider Buying and Selling by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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