Jennifer Newstead Sells 97 Shares of Facebook, Inc. (NASDAQ:FB) Stock

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 97 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $154.94, for a total transaction of $15,029.18. Following the completion of the transaction, the vice president now directly owns 2,055 shares in the company, valued at approximately $318,401.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, March 17th, Jennifer Newstead sold 97 shares of Facebook stock. The shares were sold at an average price of $150.80, for a total value of $14,627.60.
  • On Tuesday, March 10th, Jennifer Newstead sold 97 shares of Facebook stock. The shares were sold at an average price of $174.76, for a total value of $16,951.72.
  • On Tuesday, March 3rd, Jennifer Newstead sold 97 shares of Facebook stock. The shares were sold at an average price of $196.30, for a total value of $19,041.10.
  • On Tuesday, February 25th, Jennifer Newstead sold 97 shares of Facebook stock. The shares were sold at an average price of $202.17, for a total value of $19,610.49.
  • On Tuesday, February 11th, Jennifer Newstead sold 266 shares of Facebook stock. The shares were sold at an average price of $210.14, for a total value of $55,897.24.
  • On Tuesday, February 4th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $206.50, for a total value of $53,690.00.
  • On Tuesday, January 28th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $216.14, for a total value of $56,196.40.
  • On Tuesday, January 21st, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $222.28, for a total value of $57,792.80.
  • On Tuesday, January 14th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $221.86, for a total value of $57,683.60.
  • On Tuesday, January 7th, Jennifer Newstead sold 260 shares of Facebook stock. The shares were sold at an average price of $212.85, for a total value of $55,341.00.

FB traded up $4.11 on Thursday, hitting $160.32. The company had a trading volume of 12,529,600 shares, compared to its average volume of 29,374,246. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.40 and a quick ratio of 4.40. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $224.20. The stock has a fifty day simple moving average of $189.00 and a 200-day simple moving average of $195.35. The firm has a market capitalization of $457.28 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.04 and a beta of 1.03.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The business had revenue of $21.08 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the business posted $2.38 earnings per share. Facebook’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts expect that Facebook, Inc. will post 8.97 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. TFO TDC LLC bought a new position in shares of Facebook during the fourth quarter valued at approximately $25,000. Permanens Capital L.P. bought a new position in shares of Facebook during the fourth quarter valued at approximately $28,000. American National Bank bought a new position in shares of Facebook during the fourth quarter valued at approximately $41,000. Lighthouse Financial Advisors Inc. bought a new position in shares of Facebook during the fourth quarter valued at approximately $41,000. Finally, University of Texas Texas AM Investment Managment Co. bought a new position in shares of Facebook during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 65.29% of the company’s stock.

A number of research firms recently commented on FB. Stifel Nicolaus increased their target price on Facebook from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and issued a $240.00 target price on shares of Facebook in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued a “buy” rating and issued a $230.00 target price on shares of Facebook in a research note on Wednesday, March 18th. Raymond James reissued a “buy” rating on shares of Facebook in a research note on Thursday, January 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Facebook in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and forty-six have assigned a buy rating to the company. Facebook presently has an average rating of “Buy” and an average target price of $241.88.

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

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