Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 194 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $234.76, for a total transaction of $45,543.44. Following the transaction, the vice president now owns 1,918 shares in the company, valued at $450,269.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • 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.
  • On Tuesday, July 7th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $239.64, for a total transaction of $46,490.16.
  • On Tuesday, June 30th, Jennifer Newstead sold 194 shares of Facebook stock. The shares were sold at an average price of $220.60, for a total transaction of $42,796.40.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $213.00, for a total transaction of $86,478.00.

Shares of FB opened at $234.50 on Friday. Facebook, Inc. has a one year low of $137.10 and a one year high of $250.15. The company has a 50-day moving average of $235.32 and a two-hundred day moving average of $207.51. The stock has a market cap of $664.67 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.67 and a beta of 1.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.39. Facebook had a net margin of 28.57% and a return on equity of 21.54%. Analysts anticipate that Facebook, Inc. will post 7.36 earnings per share for the current year.

A number of brokerages have weighed in on FB. Robert W. Baird increased their target price on shares of Facebook from $240.00 to $300.00 in a report on Thursday, June 25th. Needham & Company LLC began coverage on shares of Facebook in a report on Thursday, July 2nd. They set a “hold” rating on the stock. Jefferies Financial Group set a $250.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, May 21st. Raymond James reissued a “buy” rating on shares of Facebook in a report on Monday, June 29th. Finally, Guggenheim increased their target price on shares of Facebook from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $260.90.

Several hedge funds and other institutional investors have recently bought and sold shares of FB. Capital International Investors lifted its position in shares of Facebook by 14.1% in the first quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock worth $8,604,068,000 after purchasing an additional 6,394,036 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Facebook by 36.9% in the first quarter. Wellington Management Group LLP now owns 15,704,846 shares of the social networking company’s stock worth $2,619,569,000 after purchasing an additional 4,236,566 shares in the last quarter. Copper Rock Capital Partners LLC lifted its position in shares of Facebook by 6,224.9% in the second quarter. Copper Rock Capital Partners LLC now owns 3,959,790 shares of the social networking company’s stock worth $821,695,000 after purchasing an additional 3,897,184 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Facebook by 1,141.8% in the first quarter. Fisher Asset Management LLC now owns 3,852,395 shares of the social networking company’s stock worth $642,580,000 after purchasing an additional 3,542,165 shares in the last quarter. Finally, Public Investment Fund bought a new position in Facebook during the first quarter valued at approximately $521,859,000. 65.12% 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.

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