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

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $141.66, for a total value of $7,791,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, December 27th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $132.11, for a total value of $7,266,050.00.
  • On Monday, December 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $140.94, for a total value of $7,751,700.00.
  • On Tuesday, November 27th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $135.12, for a total value of $7,431,600.00.
  • On Wednesday, November 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $143.34, for a total value of $7,883,700.00.
  • On Tuesday, October 23rd, Sheryl Sandberg sold 55,000 shares of Facebook stock. The stock was sold at an average price of $152.90, for a total value of $8,409,500.00.

FB traded down $0.03 during trading hours on Thursday, hitting $144.20. The company’s stock had a trading volume of 16,072,625 shares, compared to its average volume of 23,497,590. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $218.62. The stock has a market cap of $400.74 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.87 and a beta of 0.58.

Facebook (NASDAQ:FB) last posted its earnings results on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.46 by $0.30. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The firm had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same period last year, the firm earned $1.59 EPS. The firm’s revenue was up 32.9% compared to the same quarter last year. As a group, equities analysts predict that Facebook, Inc. will post 7.37 EPS for the current fiscal year.

A number of brokerages recently commented on FB. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a report on Wednesday, January 2nd. Raymond James reissued a “buy” rating and issued a $210.00 target price on shares of Facebook in a report on Friday, October 19th. JPMorgan Chase & Co. boosted their target price on Facebook from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, September 18th. Goldman Sachs Group restated a “buy” rating and issued a $205.00 price target on shares of Facebook in a research note on Monday, October 22nd. Finally, Wedbush set a $250.00 target price on Facebook and gave the stock a “buy” rating in a research report on Friday, October 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $186.92.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Facebook by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,774,424 shares of the social networking company’s stock valued at $1,705,047,000 after purchasing an additional 337,909 shares during the period. First American Bank acquired a new position in shares of Facebook during the 3rd quarter valued at $6,317,000. Montrusco Bolton Investments Inc. increased its position in shares of Facebook by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock valued at $17,525,000 after purchasing an additional 13,124 shares during the period. TIAA FSB boosted its stake in shares of Facebook by 14.2% during the 2nd quarter. TIAA FSB now owns 130,181 shares of the social networking company’s stock worth $25,297,000 after acquiring an additional 16,212 shares in the last quarter. Finally, HT Partners LLC bought a new stake in shares of Facebook during the 2nd quarter worth $297,000. Institutional investors own 58.14% of the company’s stock.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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