Sheryl Sandberg Sells 55,000 Shares of Facebook, Inc. (NASDAQ:FB) Stock

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Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Monday, July 8th. The shares were sold at an average price of $195.13, for a total value of $10,732,150.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, June 25th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $189.76, for a total value of $10,436,800.00.
  • On Monday, June 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $175.82, for a total value of $9,670,100.00.
  • On Wednesday, May 29th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $182.63, for a total value of $10,044,650.00.
  • On Tuesday, May 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $181.10, for a total value of $9,960,500.00.
  • On Tuesday, April 16th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $179.44, for a total value of $9,869,200.00.

Shares of Facebook stock opened at $204.87 on Friday. The firm has a market capitalization of $584.80 billion, a PE ratio of 27.06, a PEG ratio of 1.25 and a beta of 0.97. The stock has a fifty day simple moving average of $185.39. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, April 24th. The social networking company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). The business had revenue of $15.08 billion during the quarter, compared to analyst estimates of $14.97 billion. Facebook had a return on equity of 23.67% and a net margin of 33.17%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $1.69 EPS. As a group, research analysts anticipate that Facebook, Inc. will post 8 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on FB. Morgan Stanley lowered their price target on RPC from $12.00 to $9.50 and set an “underperform” rating on the stock in a research report on Thursday, April 25th. Cleveland Research reiterated a “buy” rating on shares of Facebook in a research report on Monday, April 22nd. Argus lifted their price target on Waste Management from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Bank of America began coverage on DENTSPLY SIRONA in a research report on Monday, March 18th. They set a “buy” rating and a $57.00 price target on the stock. Finally, Needham & Company LLC reiterated a “strong-buy” rating on shares of Lumentum in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $211.81.

Several institutional investors have recently modified their holdings of FB. Oregon Public Employees Retirement Fund boosted its position in Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after purchasing an additional 70,263,213 shares during the last quarter. Sanders Capital LLC boosted its position in Facebook by 132.5% during the fourth quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock valued at $522,620,000 after purchasing an additional 2,031,500 shares during the last quarter. Magellan Asset Management Ltd boosted its position in Facebook by 13.8% during the third quarter. Magellan Asset Management Ltd now owns 15,168,591 shares of the social networking company’s stock valued at $2,494,626,000 after purchasing an additional 1,835,941 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in Facebook by 16,836.7% during the third quarter. Rehmann Capital Advisory Group now owns 1,737,877 shares of the social networking company’s stock valued at $432,530,000 after purchasing an additional 1,727,616 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Facebook by 410.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock valued at $267,809,000 after purchasing an additional 1,642,441 shares during the last quarter. 61.73% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Cost of equity and a company’s balance sheet

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

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