Insider Selling: Facebook, Inc. (NASDAQ:FB) VP Sells 260 Shares of Stock

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 260 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $222.28, for a total value of $57,792.80. Following the transaction, the vice president now directly owns 786 shares of the company’s stock, valued at approximately $174,712.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, January 14th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $221.86, for a total value of $57,683.60.
  • On Tuesday, January 7th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $212.85, for a total value of $55,341.00.
  • On Tuesday, December 17th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $198.93, for a total value of $51,721.80.
  • On Tuesday, December 10th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $201.57, for a total value of $52,408.20.
  • On Tuesday, December 3rd, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $197.37, for a total value of $51,316.20.
  • 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 value 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 value of $51,324.00.

Shares of FB traded down $1.56 during midday trading on Thursday, hitting $219.76. 11,175,317 shares of the stock were exchanged, compared to its average volume of 10,547,840. Facebook, Inc. has a 52-week low of $142.52 and a 52-week high of $222.38. The stock has a fifty day simple moving average of $208.65 and a 200 day simple moving average of $194.68. The firm has a market cap of $626.70 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The business had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts forecast that Facebook, Inc. will post 8.5 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Advantage Inc. acquired a new stake in Facebook in the third quarter valued at $28,000. American National Bank acquired a new stake in Facebook in the fourth quarter valued at $41,000. Winthrop Partners WNY LLC acquired a new stake in Facebook in the third quarter valued at $58,000. AlphaMark Advisors LLC raised its stake in Facebook by 20.8% in the third quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after buying an additional 80 shares in the last quarter. Finally, Personal Wealth Partners raised its stake in Facebook by 12.9% in the third quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock valued at $86,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Several research firms recently commented on FB. Barclays reaffirmed a “buy” rating and issued a $260.00 price target on shares of Facebook in a report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $270.00 price target (up previously from $260.00) on shares of Facebook in a report on Thursday, October 31st. Evercore ISI reaffirmed a “positive” rating and issued a $280.00 price target on shares of Facebook in a report on Monday, January 13th. They noted that the move was a valuation call. Goldman Sachs Group set a $231.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Summit Insights began coverage on Facebook in a report on Friday, September 27th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and an average target price of $240.15.

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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Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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