Jennifer Newstead Sells 250 Shares of Facebook, Inc. (NASDAQ:FB) Stock

Facebook, Inc. (NASDAQ:FB) insider Jennifer Newstead sold 250 shares of the stock in a transaction that occurred on Tuesday, September 21st. The shares were sold at an average price of $358.70, for a total transaction of $89,675.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, September 14th, Jennifer Newstead sold 250 shares of Facebook stock. The stock was sold at an average price of $377.29, for a total transaction of $94,322.50.
  • On Tuesday, September 7th, Jennifer Newstead sold 250 shares of Facebook stock. The stock was sold at an average price of $375.90, for a total transaction of $93,975.00.
  • On Tuesday, August 31st, Jennifer Newstead sold 250 shares of Facebook stock. The stock was sold at an average price of $380.04, for a total transaction of $95,010.00.
  • On Tuesday, August 24th, Jennifer Newstead sold 250 shares of Facebook stock. The shares were sold at an average price of $364.00, for a total value of $91,000.00.
  • On Tuesday, August 17th, Jennifer Newstead sold 250 shares of Facebook stock. The shares were sold at an average price of $362.60, for a total value of $90,650.00.
  • On Tuesday, August 10th, Jennifer Newstead sold 241 shares of Facebook stock. The shares were sold at an average price of $361.94, for a total value of $87,227.54.
  • On Tuesday, August 3rd, Jennifer Newstead sold 250 shares of Facebook stock. The shares were sold at an average price of $352.85, for a total value of $88,212.50.
  • On Tuesday, July 27th, Jennifer Newstead sold 250 shares of Facebook stock. The shares were sold at an average price of $371.91, for a total transaction of $92,977.50.
  • On Tuesday, July 20th, Jennifer Newstead sold 250 shares of Facebook stock. The shares were sold at an average price of $338.80, for a total transaction of $84,700.00.
  • On Tuesday, July 13th, Jennifer Newstead sold 250 shares of Facebook stock. The shares were sold at an average price of $351.40, for a total transaction of $87,850.00.

Shares of Facebook stock traded up $2.75 during midday trading on Thursday, reaching $345.96. 21,792,024 shares of the company’s stock traded hands, compared to its average volume of 17,488,514. The company has a market cap of $975.42 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The company’s 50 day simple moving average is $363.87 and its 200 day simple moving average is $332.75. Facebook, Inc. has a 52 week low of $244.61 and a 52 week high of $384.33.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 28th. The social networking company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.03 by $0.58. The firm had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.93 billion. Facebook had a net margin of 37.17% and a return on equity of 30.09%. As a group, research analysts expect that Facebook, Inc. will post 14.1 EPS for the current year.

Several research analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of Facebook from $415.00 to $450.00 and gave the company a “strong-buy” rating in a report on Thursday, July 29th. Canaccord Genuity increased their price objective on shares of Facebook from $380.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Oppenheimer increased their price objective on shares of Facebook from $375.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Bank of America increased their price objective on shares of Facebook from $400.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Finally, Rosenblatt Securities cut shares of Facebook from a “buy” rating to a “neutral” rating and set a $400.00 target price for the company. in a report on Wednesday, September 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Facebook presently has an average rating of “Buy” and a consensus target price of $404.35.

A number of institutional investors have recently bought and sold shares of FB. FMR LLC raised its holdings in shares of Facebook by 1.7% in the 2nd quarter. FMR LLC now owns 127,113,861 shares of the social networking company’s stock worth $44,198,761,000 after buying an additional 2,129,463 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Facebook by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,548,050 shares of the social networking company’s stock worth $30,792,537,000 after buying an additional 2,802,398 shares in the last quarter. State Street Corp raised its holdings in shares of Facebook by 0.3% in the 2nd quarter. State Street Corp now owns 92,196,339 shares of the social networking company’s stock worth $32,057,589,000 after buying an additional 319,155 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Facebook by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 38,810,686 shares of the social networking company’s stock worth $13,454,374,000 after buying an additional 1,030,274 shares in the last quarter. Finally, Invesco Ltd. grew its position in Facebook by 3.5% during the 2nd quarter. Invesco Ltd. now owns 16,965,024 shares of the social networking company’s stock worth $5,898,907,000 after acquiring an additional 578,836 shares during the last quarter. 65.72% of the stock is owned by hedge funds and other institutional investors.

About Facebook

Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

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

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