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

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 260 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $197.37, for a total transaction of $51,316.20. Following the completion of the sale, the vice president now directly owns 2,606 shares in the company, valued at $514,346.22. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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 stock was sold at an average price of $197.40, for a total transaction of $51,324.00.

Shares of NASDAQ FB traded down $0.11 during midday trading on Wednesday, reaching $198.71. 8,456,040 shares of the company’s stock traded hands, compared to its average volume of 11,843,278. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock’s 50 day simple moving average is $193.51 and its 200-day simple moving average is $188.37. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The company has a market cap of $567.90 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.13 and a beta of 1.05.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm earned $1.76 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. Equities analysts predict that Facebook, Inc. will post 8.61 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FB. Financial Advantage Inc. purchased a new stake in Facebook during the third quarter valued at approximately $28,000. Shamrock Asset Management LLC purchased a new stake in Facebook during the second quarter valued at approximately $38,000. Litman Gregory Asset Management LLC purchased a new stake in Facebook during the second quarter valued at approximately $41,000. Spectrum Management Group Inc. lifted its position in Facebook by 135.3% during the second quarter. Spectrum Management Group Inc. now owns 240 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 138 shares during the last quarter. Finally, Mcmillion Capital Management Inc. purchased a new stake in Facebook during the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 63.81% of the company’s stock.

A number of research firms recently weighed in on FB. Morgan Stanley increased their price objective on shares of Facebook from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets reduced their price objective on shares of Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Thursday, October 31st. DZ Bank reissued a “buy” rating on shares of Facebook in a research report on Thursday, October 31st. Goldman Sachs Group set a $231.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, SunTrust Banks upped their target price on shares of Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have issued a buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus price target of $229.19.

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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