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

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $166.84, for a total value of $9,176,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

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  • On Monday, April 2nd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $155.88, for a total transaction of $8,573,400.00.
  • On Thursday, March 15th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $183.13, for a total transaction of $10,072,150.00.
  • On Friday, March 2nd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $174.74, for a total transaction of $9,610,700.00.
  • On Wednesday, February 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00.

Shares of NASDAQ FB opened at $166.28 on Friday. The company has a market cap of $488,330.53, a PE ratio of 26.99, a PEG ratio of 0.92 and a beta of 0.79. Facebook, Inc. has a 1 year low of $142.27 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. research analysts forecast that Facebook, Inc. will post 7.11 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in FB. Huber Financial Advisors LLC purchased a new position in Facebook in the 4th quarter valued at approximately $594,000. LA Financiere DE L Echiquier boosted its position in Facebook by 4.5% in the 4th quarter. LA Financiere DE L Echiquier now owns 95,185 shares of the social networking company’s stock valued at $16,796,000 after buying an additional 4,065 shares during the period. Professional Advisory Services Inc. boosted its position in Facebook by 7.0% in the 4th quarter. Professional Advisory Services Inc. now owns 98,743 shares of the social networking company’s stock valued at $17,424,000 after buying an additional 6,444 shares during the period. Washington Trust Bank boosted its position in Facebook by 1.7% in the 4th quarter. Washington Trust Bank now owns 63,141 shares of the social networking company’s stock valued at $11,142,000 after buying an additional 1,073 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Facebook by 3.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock valued at $1,215,867,000 after buying an additional 231,883 shares during the period. Institutional investors and hedge funds own 58.47% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Facebook to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. UBS set a $214.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Oppenheimer reissued a “buy” rating and set a $225.00 target price (up from $220.00) on shares of Facebook in a research note on Thursday, February 1st. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average price target of $209.18.

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About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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

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