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Insider Selling: Facebook, Inc. (NASDAQ:FB) VP Sells 310 Shares of Stock

Last updated on Wednesday, November 25, 2020 | 2020 MarketBeat

Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 310 shares of the business's stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $268.20, for a total value of $83,142.00. Following the completion of the sale, the vice president now directly owns 3,432 shares of the company's stock, valued at $920,462.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, November 17th, Jennifer Newstead sold 310 shares of Facebook stock. The shares were sold at an average price of $277.28, for a total value of $85,956.80.
  • On Tuesday, November 10th, Jennifer Newstead sold 452 shares of Facebook stock. The stock was sold at an average price of $273.08, for a total value of $123,432.16.
  • On Tuesday, November 3rd, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $263.18, for a total value of $112,114.68.
  • On Tuesday, October 27th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $279.00, for a total value of $118,854.00.
  • On Tuesday, October 20th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $263.06, for a total value of $112,063.56.
  • On Tuesday, October 13th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $277.65, for a total value of $118,278.90.
  • On Tuesday, October 6th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $262.00, for a total value of $111,612.00.
  • On Tuesday, September 29th, Jennifer Newstead sold 426 shares of Facebook stock. The stock was sold at an average price of $257.95, for a total value of $109,886.70.
  • 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 value 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 value of $115,467.30.

Shares of NASDAQ FB traded down $1.33 during midday trading on Wednesday, hitting $275.59. 12,429,845 shares of the company's stock were exchanged, compared to its average volume of 23,109,473. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $304.67. The company has a market cap of $784.96 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.69 and a beta of 1.26. The business's fifty day moving average price is $273.53 and its two-hundred day moving average price is $253.40.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Thursday, October 29th. The social networking company reported $2.71 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.94 by $0.77. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The company had revenue of $21.47 billion during the quarter, compared to analyst estimates of $19.78 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. Facebook's revenue was up 21.6% on a year-over-year basis. On average, equities research analysts forecast that Facebook, Inc. will post 9.18 earnings per share for the current year.

A number of analysts have commented on the company. UBS Group set a $330.00 price objective on Facebook and gave the stock a "buy" rating in a report on Friday, October 30th. JMP Securities increased their price target on Facebook from $250.00 to $305.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. HSBC boosted their price objective on Facebook from $190.00 to $195.00 and gave the stock a "reduce" rating in a research report on Wednesday, August 5th. Monness Crespi & Hardt raised their target price on Facebook from $290.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, October 30th. Finally, Mizuho raised their target price on Facebook from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus target price of $293.84.

Several hedge funds and other institutional investors have recently modified their holdings of FB. SB Management Ltd bought a new stake in Facebook in the 3rd quarter worth approximately $2,222,276,000. Copper Rock Capital Partners LLC lifted its position in Facebook by 6,224.9% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 3,959,790 shares of the social networking company's stock worth $821,695,000 after buying an additional 3,897,184 shares during the last quarter. GQG Partners LLC bought a new stake in Facebook in the 2nd quarter worth approximately $590,767,000. Bank of New York Mellon Corp lifted its position in Facebook by 11.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,179,742 shares of the social networking company's stock worth $5,490,495,000 after buying an additional 2,431,190 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Facebook by 16.6% in the 2nd quarter. Jennison Associates LLC now owns 14,807,293 shares of the social networking company's stock worth $3,362,292,000 after buying an additional 2,110,327 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

About Facebook

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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