Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 194 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $234.76, for a total value of $45,543.44. Following the completion of the transaction, the vice president now directly owns 1,918 shares in the company, valued at $450,269.68. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, July 21st, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $246.22, for a total value of $47,766.68.
  • On Tuesday, July 14th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $236.76, for a total value of $45,931.44.
  • On Tuesday, July 7th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $239.64, for a total value of $46,490.16.
  • 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 value 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 value 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 value 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 value 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 value 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 value of $46,560.00.
  • On Tuesday, May 19th, Jennifer Newstead sold 406 shares of Facebook stock. The shares were sold at an average price of $213.00, for a total value of $86,478.00.

Shares of NASDAQ:FB opened at $253.67 on Friday. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $255.85. The company has a 50-day moving average price of $235.27 and a 200 day moving average price of $207.59. The company has a market cap of $722.73 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.81 and a beta of 1.19.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to the consensus estimate of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. As a group, equities analysts forecast that Facebook, Inc. will post 7.4 EPS for the current year.

Several equities analysts have recently weighed in on the company. Goldman Sachs Group reissued a “buy” rating and set a $303.00 price target (up from $265.00) on shares of Facebook in a report on Friday. Raymond James upped their price objective on Facebook from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Friday. They noted that the move was a valuation call. Stifel Nicolaus upped their price objective on Facebook from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley upped their price objective on Facebook from $270.00 to $285.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC assumed coverage on Facebook in a research note on Thursday, July 2nd. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $273.37.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Watson Rebecca bought a new stake in Facebook in the second quarter worth about $25,000. JJJ Advisors Inc. lifted its stake in Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after purchasing an additional 105 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in Facebook in the first quarter worth about $41,000. Sowa Financial Group Inc. bought a new stake in Facebook in the fourth quarter worth about $42,000. Finally, Elmwood Wealth Management Inc. bought a new stake in Facebook in the first quarter worth about $46,000. 65.12% of the stock is owned by institutional investors and hedge funds.

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

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