Jennifer Newstead Sells 260 Shares of Facebook, Inc. (NASDAQ:FB) Stock – Riverton Roll
Facebook, Inc. (NASDAQ:FB) VP Jennifer Newstead sold 260 shares of the businesss stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $198.93, for a total transaction of $51,721.80. Following the completion of the sale, the vice president now owns 2,086 shares of the companys stock, valued at $414,967.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jennifer Newstead also recently made the following trade(s):
NASDAQ:FB opened at $206.30 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The company has a 50-day moving average of $197.40 and a 200-day moving average of $189.73. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The company has a market capitalization of $587.63 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.17 and a beta of 1.05.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the Zacks consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business had revenue of $17.65 billion for the quarter, compared to analysts expectations of $17.35 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The firms revenue for the quarter was up 28.6% on a year-over-year basis. Sell-side analysts forecast that Facebook, Inc. will post 8.48 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. United Bank boosted its stake in shares of Facebook by 32.7% during the 2nd quarter. United Bank now owns 2,499 shares of the social networking companys stock valued at $482,000 after buying an additional 616 shares during the period. KBC Group NV increased its position in Facebook by 5.8% in the second quarter. KBC Group NV now owns 726,543 shares of the social networking companys stock worth $140,223,000 after purchasing an additional 39,818 shares during the last quarter. Janus Henderson Group PLC raised its stake in Facebook by 8.2% during the second quarter. Janus Henderson Group PLC now owns 8,257,177 shares of the social networking companys stock valued at $1,593,606,000 after purchasing an additional 628,233 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Facebook by 12.1% during the second quarter. Gamco Investors INC. ET AL now owns 30,405 shares of the social networking companys stock valued at $5,868,000 after purchasing an additional 3,289 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Facebook by 1.3% during the second quarter. Eagle Asset Management Inc. now owns 37,493 shares of the social networking companys stock valued at $7,236,000 after purchasing an additional 491 shares during the last quarter. 63.77% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on FB. Barclays lowered their price target on Facebook from $240.00 to $220.00 and set an overweight rating on the stock in a research report on Thursday, October 31st. Piper Jaffray Companies initiated coverage on Facebook in a research report on Tuesday, December 3rd. They set an overweight rating and a $230.00 price objective for the company. Wells Fargo & Co set a $260.00 price objective on Facebook and gave the stock a buy rating in a research report on Friday, November 1st. Deutsche Bank increased their target price on Facebook from $260.00 to $270.00 and gave the company a buy rating in a research note on Wednesday. Finally, DZ Bank reaffirmed a buy rating on shares of Facebook in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $231.82.
Facebook Company Profile
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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Jennifer Newstead Sells 260 Shares of Facebook, Inc. (NASDAQ:FB) Stock - Riverton Roll