Facebook, Inc. (FB) COO Sells $9,869,200.00 in Stock

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $179.44, for a total value of $9,869,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, April 4th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $176.70, for a total value of $9,718,500.00.
  • On Monday, March 25th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $164.34, for a total value of $9,038,700.00.
  • On Wednesday, March 13th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $173.24, for a total value of $9,528,200.00.
  • On Tuesday, February 26th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $164.94, for a total value of $9,071,700.00.
  • On Thursday, February 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $163.68, for a total value of $9,002,400.00.
  • On Wednesday, January 23rd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $144.93, for a total value of $7,971,150.00.

Shares of FB stock traded down $0.50 during mid-day trading on Thursday, reaching $178.28. The stock had a trading volume of 10,510,331 shares, compared to its average volume of 18,802,066. The firm has a market capitalization of $521.88 billion, a PE ratio of 23.55, a P/E/G ratio of 1.31 and a beta of 0.88. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.20. The business had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.40 billion. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The company’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 earnings per share. On average, equities analysts expect that Facebook, Inc. will post 7.54 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of FB. Mission Wealth Management LP grew its holdings in Facebook by 3.8% in the third quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock valued at $1,715,000 after purchasing an additional 386 shares during the period. Montrusco Bolton Investments Inc. grew its holdings in Facebook by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock valued at $17,525,000 after purchasing an additional 13,124 shares during the period. Rovida Advisors Inc. acquired a new stake in Facebook in the third quarter valued at approximately $18,714,000. First American Bank acquired a new stake in Facebook in the third quarter valued at approximately $6,317,000. Finally, K.J. Harrison & Partners Inc grew its holdings in Facebook by 97.9% in the third quarter. K.J. Harrison & Partners Inc now owns 4,507 shares of the social networking company’s stock valued at $741,000 after purchasing an additional 2,230 shares during the period. 60.22% of the stock is currently owned by hedge funds and other institutional investors.

FB has been the subject of several recent research reports. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Wednesday, January 2nd. Goldman Sachs Group restated a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Wednesday, January 16th. Citigroup restated a “buy” rating and set a $185.00 target price (up from $175.00) on shares of Facebook in a research note on Thursday, January 31st. Wedbush dropped their target price on Facebook to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $195.00 target price on shares of Facebook in a research note on Tuesday, January 8th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-nine have issued a buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $192.11.

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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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