Insider Selling: Facebook, Inc. (NASDAQ:FB) VP Sells $46,490.16 in Stock

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $239.64, for a total transaction of $46,490.16. Following the completion of the sale, the vice president now owns 2,500 shares of the company’s stock, valued at $599,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, June 30th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $220.60, for a total transaction of $42,796.40.
  • On Tuesday, June 23rd, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $241.36, for a total transaction of $46,823.84.
  • On Tuesday, June 16th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $237.14, for a total transaction of $46,005.16.
  • On Tuesday, June 9th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $231.52, for a total transaction of $44,914.88.
  • On Tuesday, June 2nd, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $230.94, for a total transaction of $44,802.36.
  • On Tuesday, May 26th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $240.00, for a total transaction of $46,560.00.
  • On Tuesday, May 19th, Jennifer Newstead sold 406 shares of Facebook stock. The stock was sold at an average price of $213.00, for a total transaction of $86,478.00.
  • On Tuesday, May 12th, Jennifer Newstead sold 194 shares of Facebook stock. The stock was sold at an average price of $213.10, for a total transaction of $41,341.40.
  • On Tuesday, May 5th, Jennifer Newstead sold 194 shares of Facebook stock. The stock was sold at an average price of $207.43, for a total transaction of $40,241.42.
  • On Thursday, April 30th, Jennifer Newstead sold 970 shares of Facebook stock. The stock was sold at an average price of $207.75, for a total transaction of $201,517.50.

NASDAQ:FB opened at $245.07 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The firm has a market capitalization of $698.23 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.79 and a beta of 1.19. The company’s 50-day moving average is $232.14 and its two-hundred day moving average is $204.49. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $247.65.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.07). The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share. As a group, equities analysts anticipate that Facebook, Inc. will post 7.25 earnings per share for the current fiscal year.

FB has been the subject of a number of research analyst reports. SunTrust Banks raised their price target on shares of Facebook from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Needham & Company LLC began coverage on shares of Facebook in a report on Thursday, July 2nd. They issued a “hold” rating for the company. JPMorgan Chase & Co. reissued a “buy” rating and set a $245.00 target price on shares of Facebook in a report on Monday, June 29th. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a report on Friday, June 12th. Finally, BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and forty-two have issued a buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $248.45.

A number of large investors have recently bought and sold shares of FB. Carnegie Capital Asset Management LLC raised its stake in shares of Facebook by 1.2% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 105,111 shares of the social networking company’s stock valued at $21,574,000 after acquiring an additional 1,214 shares during the period. Ancora Advisors LLC raised its stake in shares of Facebook by 5.0% in the 4th quarter. Ancora Advisors LLC now owns 11,601 shares of the social networking company’s stock valued at $2,381,000 after acquiring an additional 549 shares during the period. Equitable Holdings Inc. purchased a new stake in shares of Facebook in the 4th quarter valued at approximately $14,881,000. Dai Ichi Life Insurance Company Ltd raised its stake in shares of Facebook by 0.5% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 235,449 shares of the social networking company’s stock valued at $48,326,000 after acquiring an additional 1,203 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of Facebook by 1.0% in the 4th quarter. Blair William & Co. IL now owns 324,399 shares of the social networking company’s stock valued at $66,583,000 after acquiring an additional 3,178 shares during the period. Institutional investors own 65.14% of the company’s stock.

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.

Further Reading: What are the Different Types of Leveraged Buyouts?

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

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