Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead Sells 194 Shares

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 194 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $220.60, for a total transaction of $42,796.40. Following the sale, the vice president now owns 2,694 shares of the company’s stock, valued at $594,296.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $86,478.00.
  • On Tuesday, May 12th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $213.10, for a total transaction of $41,341.40.
  • On Tuesday, May 5th, Jennifer Newstead sold 194 shares of Facebook stock. The stock was sold at an average price of $207.43, for a total value of $40,241.42.
  • On Thursday, April 30th, Jennifer Newstead sold 970 shares of Facebook stock. The stock was sold at an average price of $207.75, for a total value of $201,517.50.
  • On Tuesday, April 28th, Jennifer Newstead sold 97 shares of Facebook stock. The stock was sold at an average price of $188.76, for a total value of $18,309.72.

Shares of NASDAQ:FB opened at $233.42 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 $245.19. The company has a 50-day moving average price of $228.74 and a 200 day moving average price of $203.12. The company has a market cap of $665.04 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.71 and a beta of 1.19.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.25 billion. During the same period in the previous year, the business posted $1.89 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities analysts forecast that Facebook, Inc. will post 7.19 EPS for the current year.

Several research firms have recently commented on FB. Rosenblatt Securities restated a “buy” rating and issued a $244.00 price objective on shares of Facebook in a research note on Tuesday. Needham & Company LLC began coverage on Facebook in a research note on Thursday. They issued a “hold” rating for the company. Monness Crespi & Hardt reduced their price objective on Facebook from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. 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. Finally, Barclays cut their price target on Facebook from $260.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-two have given a buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus target price of $247.50.

Several large investors have recently made changes to their positions in FB. Cascadia Advisory Services LLC purchased a new position in shares of Facebook during the fourth quarter worth approximately $311,000. Indie Asset Partners LLC purchased a new position in shares of Facebook during the fourth quarter worth approximately $1,355,000. Heritage Trust Co increased its position in shares of Facebook by 2.2% during the fourth quarter. Heritage Trust Co now owns 10,554 shares of the social networking company’s stock worth $2,166,000 after acquiring an additional 225 shares during the period. Madison Asset Management LLC purchased a new position in shares of Facebook during the fourth quarter worth approximately $520,000. Finally, NorthRock Partners LLC increased its position in shares of Facebook by 640.5% during the fourth quarter. NorthRock Partners LLC now owns 13,322 shares of the social networking company’s stock worth $1,593,000 after acquiring an additional 11,523 shares during the period. 65.14% of the stock is owned by hedge funds and other institutional investors.

Facebook Company Profile

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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