Insider Selling: Facebook, Inc. Common Stock (FB) COO Sells 55,000 Shares of Stock

Facebook, Inc. Common Stock (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $166.07, for a total value of $9,133,850.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, August 29th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The shares were sold at an average price of $175.67, for a total value of $9,661,850.00.
  • On Tuesday, August 14th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The shares were sold at an average price of $180.72, for a total value of $9,939,600.00.
  • On Thursday, July 19th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The shares were sold at an average price of $208.53, for a total value of $11,469,150.00.
  • On Thursday, June 28th, Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock. The shares were sold at an average price of $195.53, for a total value of $10,754,150.00.

Facebook, Inc. Common Stock stock opened at $162.32 on Friday. The firm has a market cap of $470.61 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.04 and a beta of 0.49. Facebook, Inc. Common Stock has a twelve month low of $149.02 and a twelve month high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last posted its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The company had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The firm’s quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. equities analysts forecast that Facebook, Inc. Common Stock will post 7.08 EPS for the current year.

Several hedge funds have recently modified their holdings of FB. BlackRock Inc. increased its position in shares of Facebook, Inc. Common Stock by 1.8% in the 2nd quarter. BlackRock Inc. now owns 151,855,997 shares of the social networking company’s stock valued at $29,508,656,000 after acquiring an additional 2,718,771 shares during the period. FMR LLC increased its position in shares of Facebook, Inc. Common Stock by 2.1% in the 2nd quarter. FMR LLC now owns 122,122,806 shares of the social networking company’s stock valued at $23,730,904,000 after acquiring an additional 2,488,007 shares during the period. Geode Capital Management LLC increased its position in shares of Facebook, Inc. Common Stock by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after acquiring an additional 1,010,306 shares during the period. Morgan Stanley increased its position in shares of Facebook, Inc. Common Stock by 10.1% in the 2nd quarter. Morgan Stanley now owns 24,718,629 shares of the social networking company’s stock valued at $4,803,323,000 after acquiring an additional 2,265,577 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Facebook, Inc. Common Stock by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 22,102,171 shares of the social networking company’s stock valued at $4,294,895,000 after acquiring an additional 184,595 shares during the period. 60.42% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on FB. Citigroup lowered Facebook, Inc. Common Stock to a “buy” rating and lowered their price target for the company from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Credit Suisse Group set a $265.00 price target on Facebook, Inc. Common Stock and gave the company a “buy” rating in a report on Monday, July 16th. Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price target on shares of Facebook, Inc. Common Stock in a report on Monday, July 23rd. Pivotal Research reiterated a “sell” rating and issued a $138.00 price target on shares of Facebook, Inc. Common Stock in a report on Friday, June 29th. Finally, BidaskClub upgraded Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. Facebook, Inc. Common Stock presently has a consensus rating of “Buy” and an average target price of $206.89.

About Facebook, Inc. Common Stock

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.

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Insider Buying and Selling by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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