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

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $135.12, for a total value of $7,431,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, November 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $143.34, for a total value of $7,883,700.00.
  • On Tuesday, October 23rd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $152.90, for a total value of $8,409,500.00.
  • On Wednesday, October 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $154.87, for a total value of $8,517,850.00.
  • On Thursday, September 27th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $169.67, for a total value of $9,331,850.00.
  • On Tuesday, September 11th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $166.07, for a total value of $9,133,850.00.

FB opened at $140.61 on Friday. Facebook, Inc. has a one year low of $126.85 and a one year high of $218.62. The company has a market capitalization of $402.87 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The firm had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. Equities analysts anticipate that Facebook, Inc. will post 7.36 EPS for the current fiscal year.

Several equities research analysts recently issued reports on FB shares. Wells Fargo & Co set a $220.00 price objective on Facebook and gave the stock a “buy” rating in a report on Monday, October 29th. Cleveland Research reiterated a “buy” rating on shares of Facebook in a report on Thursday, September 13th. UBS Group lowered their price objective on Facebook from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Credit Suisse Group lowered their price objective on Facebook from $225.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, October 8th. Finally, Pivotal Research lowered their price objective on Facebook from $140.00 to $131.00 and set a “sell” rating on the stock in a report on Friday, October 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus price target of $192.77.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FB. Baker Ellis Asset Management LLC purchased a new stake in Facebook in the third quarter valued at approximately $119,000. Cribstone Capital Management LLC raised its position in Facebook by 186.2% in the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock valued at $121,000 after purchasing an additional 406 shares during the period. IMA Wealth Inc. purchased a new stake in Facebook in the second quarter valued at approximately $122,000. Trust Department MB Financial Bank N A purchased a new stake in Facebook in the second quarter valued at approximately $134,000. Finally, Aviance Capital Management LLC purchased a new stake in Facebook in the second quarter valued at approximately $151,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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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.

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

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