Facebook, Inc. (NASDAQ:FB) COO Sells $9,989,100.00 in Stock

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $181.62, for a total transaction of $9,989,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Thursday, July 25th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $200.81, for a total value of $11,044,550.00.
  • On Monday, July 8th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $195.13, for a total value of $10,732,150.00.
  • On Tuesday, June 25th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $189.76, for a total value of $10,436,800.00.
  • On Monday, June 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $175.82, for a total value of $9,670,100.00.
  • On Wednesday, May 29th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $182.63, for a total value of $10,044,650.00.

Facebook stock traded up $1.11 during trading on Friday, hitting $183.70. The company’s stock had a trading volume of 12,767,881 shares, compared to its average volume of 18,036,143. The stock has a market capitalization of $537.64 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.10 and a beta of 0.99. The stock’s fifty day moving average is $194.93 and its 200 day moving average is $180.55. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The firm had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share. On average, research analysts anticipate that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

Several research firms have issued reports on FB. Bank of America set a $224.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Friday, July 19th. Oppenheimer raised their price objective on Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Argus raised their price target on Facebook from $206.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Credit Suisse Group raised their price target on Facebook from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $175.00 price target (up previously from $155.00) on shares of Facebook in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $220.92.

A number of institutional investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in shares of Facebook in the 2nd quarter worth approximately $205,000. Executive Wealth Management LLC bought a new stake in Facebook in the fourth quarter valued at $5,196,000. Ruggie Capital Group lifted its stake in Facebook by 53.8% in the fourth quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock valued at $58,000 after buying an additional 156 shares during the last quarter. Heritage Investors Management Corp lifted its stake in Facebook by 13.1% in the fourth quarter. Heritage Investors Management Corp now owns 36,210 shares of the social networking company’s stock valued at $4,747,000 after buying an additional 4,190 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Facebook in the fourth quarter valued at $80,000. Hedge funds and other institutional investors own 62.11% of the company’s stock.

Facebook Company Profile

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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