Sheryl Sandberg Sells 55,000 Shares of Facebook, Inc. (FB) Stock

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Monday, May 14th. The stock was sold at an average price of $186.98, for a total transaction of $10,283,900.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, April 18th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $166.84, for a total transaction of $9,176,200.00.
  • On Monday, April 2nd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $155.88, for a total transaction of $8,573,400.00.
  • On Thursday, March 15th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $183.13, for a total transaction of $10,072,150.00.
  • On Friday, March 2nd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $174.74, for a total transaction of $9,610,700.00.

NASDAQ:FB opened at $183.76 on Friday. The stock has a market cap of $535.45 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 0.99 and a beta of 0.78. Facebook, Inc. has a one year low of $182.76 and a one year high of $184.60.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.25 by $0.44. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. Facebook had a net margin of 40.03% and a return on equity of 27.74%. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. research analysts anticipate that Facebook, Inc. will post 7.64 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Gables Capital Management Inc. purchased a new position in Facebook during the first quarter worth about $2,129,000. Nvwm LLC boosted its holdings in Facebook by 2.9% during the first quarter. Nvwm LLC now owns 17,922 shares of the social networking company’s stock worth $2,785,000 after purchasing an additional 510 shares during the last quarter. Lara May & Associates LLC purchased a new position in Facebook during the first quarter worth about $403,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in Facebook by 19.6% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 464,300 shares of the social networking company’s stock worth $74,191,000 after purchasing an additional 76,200 shares during the last quarter. Finally, Altavista Wealth Management Inc. boosted its holdings in Facebook by 13.8% during the first quarter. Altavista Wealth Management Inc. now owns 30,884 shares of the social networking company’s stock worth $4,935,000 after purchasing an additional 3,757 shares during the last quarter. 58.67% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on FB. BidaskClub raised shares of Facebook from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. ValuEngine downgraded shares of Facebook from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Raymond James lifted their target price on shares of Facebook from $230.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 26th. Barclays lifted their target price on shares of Facebook from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase set a $242.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $217.37.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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

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