Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead Sells 310 Shares

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 310 shares of the stock in a transaction that occurred on Tuesday, December 29th. The shares were sold at an average price of $277.00, for a total transaction of $85,870.00. Following the completion of the transaction, the vice president now owns 1,882 shares of the company’s stock, valued at $521,314. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, December 22nd, Jennifer Newstead sold 310 shares of Facebook stock. The stock was sold at an average price of $271.26, for a total transaction of $84,090.60.
  • On Tuesday, December 15th, Jennifer Newstead sold 310 shares of Facebook stock. The stock was sold at an average price of $274.74, for a total transaction of $85,169.40.
  • On Tuesday, December 8th, Jennifer Newstead sold 310 shares of Facebook stock. The shares were sold at an average price of $286.23, for a total transaction of $88,731.30.
  • On Tuesday, December 1st, Jennifer Newstead sold 310 shares of Facebook stock. The shares were sold at an average price of $279.16, for a total transaction of $86,539.60.
  • On Tuesday, November 24th, Jennifer Newstead sold 310 shares of Facebook stock. The stock was sold at an average price of $268.20, for a total transaction of $83,142.00.
  • On Tuesday, November 17th, Jennifer Newstead sold 310 shares of Facebook stock. The shares were sold at an average price of $277.28, for a total transaction of $85,956.80.
  • On Tuesday, November 10th, Jennifer Newstead sold 452 shares of Facebook stock. The shares were sold at an average price of $273.08, for a total transaction of $123,432.16.
  • On Tuesday, November 3rd, Jennifer Newstead sold 426 shares of Facebook stock. The shares were sold at an average price of $263.18, for a total transaction of $112,114.68.
  • On Tuesday, October 27th, Jennifer Newstead sold 426 shares of Facebook stock. The shares were sold at an average price of $279.00, for a total transaction of $118,854.00.
  • On Tuesday, October 20th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $263.06, for a total transaction of $112,063.56.

NASDAQ FB opened at $273.16 on Friday. The stock has a market capitalization of $778.04 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 1.55 and a beta of 1.19. Facebook, Inc. has a one year low of $137.10 and a one year high of $304.67. The business’s fifty day moving average is $275.39 and its 200-day moving average is $262.71.

Facebook (NASDAQ:FB) last released its earnings results on Thursday, October 29th. The social networking company reported $2.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.77. The company had revenue of $21.47 billion for the quarter, compared to analysts’ expectations of $19.78 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 EPS. Equities research analysts forecast that Facebook, Inc. will post 9.39 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Facebook from $295.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Raymond James boosted their target price on shares of Facebook from $280.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 30th. They noted that the move was a valuation call. KeyCorp boosted their target price on shares of Facebook from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. UBS Group set a $330.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, Wedbush boosted their price objective on shares of Facebook from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $295.21.

A number of institutional investors have recently made changes to their positions in FB. Apexium Financial LP grew its position in Facebook by 3.3% in the 3rd quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock valued at $291,000 after buying an additional 36 shares in the last quarter. Trellis Advisors LLC grew its position in Facebook by 1.6% in the 3rd quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock valued at $612,000 after buying an additional 37 shares in the last quarter. Column Capital Advisors LLC grew its position in Facebook by 1.4% in the 3rd quarter. Column Capital Advisors LLC now owns 2,747 shares of the social networking company’s stock valued at $719,000 after buying an additional 37 shares in the last quarter. Barber Financial Group Inc. grew its position in Facebook by 4.1% in the 3rd quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock valued at $256,000 after buying an additional 38 shares in the last quarter. Finally, Ellis Investment Partners LLC grew its position in Facebook by 6.3% in the 3rd quarter. Ellis Investment Partners LLC now owns 662 shares of the social networking company’s stock valued at $173,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 59.62% of the company’s stock.

About Facebook

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

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