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

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $144.93, for a total transaction of $7,971,150.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Tuesday, January 8th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $141.66, for a total transaction of $7,791,300.00.
  • On Thursday, December 27th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $132.11, for a total transaction of $7,266,050.00.
  • On Monday, December 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $140.94, for a total transaction of $7,751,700.00.
  • On Tuesday, November 27th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $135.12, for a total value of $7,431,600.00.
  • On Wednesday, November 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $143.34, for a total value of $7,883,700.00.

Facebook stock opened at $167.33 on Monday. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62. The firm has a market capitalization of $486.09 billion, a PE ratio of 22.10, a P/E/G ratio of 0.98 and a beta of 0.93.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.20. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, research analysts anticipate that Facebook, Inc. will post 7.55 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on FB shares. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Wednesday, January 2nd. Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 target price on shares of Facebook in a report on Wednesday, January 16th. Raymond James reiterated a “buy” rating and issued a $210.00 target price on shares of Facebook in a report on Friday, October 19th. Wedbush set a $250.00 target price on Facebook and gave the company a “buy” rating in a report on Friday, October 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $195.00 target price on shares of Facebook in a report on Tuesday, January 8th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $190.62.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Broadleaf Partners LLC grew its stake in shares of Facebook by 99.8% in the second quarter. Broadleaf Partners LLC now owns 62,656 shares of the social networking company’s stock worth $12,175,000 after purchasing an additional 31,294 shares during the last quarter. Stokes & Hubbell Capital Management LLC boosted its position in Facebook by 7.7% during the 2nd quarter. Stokes & Hubbell Capital Management LLC now owns 6,168 shares of the social networking company’s stock valued at $1,199,000 after acquiring an additional 440 shares in the last quarter. Baxter Bros Inc. boosted its position in Facebook by 47.7% during the 2nd quarter. Baxter Bros Inc. now owns 29,991 shares of the social networking company’s stock valued at $5,828,000 after acquiring an additional 9,685 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Facebook during the 2nd quarter valued at approximately $1,540,000. Finally, Westpac Banking Corp boosted its position in Facebook by 29.4% during the 2nd quarter. Westpac Banking Corp now owns 464,956 shares of the social networking company’s stock valued at $90,350,000 after acquiring an additional 105,712 shares in the last quarter. Hedge funds and other institutional investors own 58.12% of the company’s stock.

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Facebook Company Profile

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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