Facebook’s VP Sells $109,886.70 in Stock

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 426 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $257.95, for a total transaction of $109,886.70.

Following the transaction, the vice president now directly owns 2,582 shares of the company’s stock, valued at $666,026.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

On Tuesday, September 22nd, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $253.33, for a total transaction of $107,918.58.

On Tuesday, September 15th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $271.05, for a total transaction of $115,467.30.
On Tuesday, September 8th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $270.64, for a total transaction of $115,292.64.
On Tuesday, September 1st, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $295.54, for a total transaction of $125,900.04.
On Tuesday, August 18th, Jennifer Newstead sold 426 shares of Facebook stock.

The shares were sold at an average price of $261.06, for a total transaction of $111,211.56.
On Tuesday, August 11th, Jennifer Newstead sold 212 shares of Facebook stock. The shares were sold at an average price of $260.39, for a total transaction of $55,202.68.

On Tuesday, August 4th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $251.57, for a total transaction of $48,804.58.
On Tuesday, July 28th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $234.76, for a total transaction of $45,543.44.

On Tuesday, July 21st, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $246.22, for a total transaction of $47,766.68.

On Tuesday, July 14th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $236.76, for a total transaction of $45,931.44.

FB stock opened at $259.94 on Friday. The company has a market cap of $740.52 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The business has a 50-day simple moving average of $269.67 and a 200 day simple moving average of $226.55. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $304.67.

Facebook (NASDAQ:FB) last issued its earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.36. The firm had revenue of $18.69 billion during the quarter, compared to the consensus estimate of $17.29 billion. Facebook had a return on equity of 22.90% and a net margin of 31.29%. As a group, analysts anticipate that Facebook, Inc. will post 8.06 EPS for the current fiscal year.
Several equities analysts recently weighed in on FB shares. BMO Capital Markets raised their target price on shares of Facebook from $220.00 to $225.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Pivotal Research lifted their price objective on shares of Facebook from $225.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Wedbush lifted their price objective on shares of Facebook from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Susquehanna Bancshares lifted their price objective on shares of Facebook from $285.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, July 31st.

Finally, Cfra cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $281.98.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Toledo NA OH raised its stake in Facebook by 16.1% during the third quarter. Trust Co. of Toledo NA OH now owns 1,476 shares of the social networking company’s stock worth $387,000 after acquiring an additional 205 shares in the last quarter. M&R Capital Management Inc. raised its stake in Facebook by 0.5% during the third quarter. M&R Capital Management Inc. now owns 15,062 shares of the social networking company’s stock worth $3,944,000 after acquiring an additional 75 shares in the last quarter. Private Trust Co. NA raised its stake in Facebook by 12.2% during the third quarter. Private Trust Co. NA now owns 25,158 shares of the social networking company’s stock worth $6,588,000 after acquiring an additional 2,729 shares in the last quarter. Neville Rodie & Shaw Inc. raised its stake in Facebook by 5.5% during the third quarter. Neville Rodie & Shaw Inc. now owns 62,757 shares of the social networking company’s stock worth $16,436,000 after acquiring an additional 3,290 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its stake in Facebook by 886.3% during the third quarter. Campbell Capital Management Inc. now owns 18,918 shares of the social networking company’s stock worth $4,955,000 after acquiring an additional 17,000 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Facebook Company Profile

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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