Insider Selling: Facebook, Inc. (FB) VP Sells $111,750.00 in Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total value of $111,750.00. Following the transaction, the vice president now owns 86,156 shares of the company’s stock, valued at approximately $12,837,244. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Colin Stretch also recently made the following trade(s):

  • On Tuesday, June 27th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $152.89, for a total value of $114,667.50.
  • On Tuesday, June 20th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $152.87, for a total value of $114,652.50.
  • On Tuesday, June 6th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $153.74, for a total value of $115,305.00.
  • On Tuesday, May 30th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $151.80, for a total value of $113,850.00.
  • On Tuesday, May 23rd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $148.54, for a total value of $111,405.00.
  • On Tuesday, May 16th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $150.10, for a total value of $112,575.00.
  • On Tuesday, May 9th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $151.49, for a total value of $113,617.50.
  • On Tuesday, May 2nd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $153.17, for a total value of $114,877.50.
  • On Tuesday, April 25th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $145.98, for a total value of $109,485.00.
  • On Tuesday, April 18th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $141.27, for a total value of $105,952.50.

Shares of Facebook, Inc. (NASDAQ FB) traded up 1.35% during trading on Wednesday, hitting $157.37. 6,139,659 shares of the stock traded hands. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $157.43. The firm has a market cap of $456.09 billion, a PE ratio of 40.01 and a beta of 0.67. The company’s 50 day moving average is $151.14 and its 200 day moving average is $138.83.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.83 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Facebook’s revenue was up 49.2% compared to the same quarter last year. On average, equities research analysts predict that Facebook, Inc. will post $4.85 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Facebook during the fourth quarter worth about $2,046,500,000. Asset Management One Co. Ltd. increased its stake in Facebook by 997.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,018,514 shares of the social networking company’s stock worth $462,727,000 after buying an additional 3,652,302 shares during the last quarter. State Street Corp increased its stake in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the last quarter. HPM Partners LLC bought a new stake in Facebook during the first quarter worth about $195,602,000. Finally, Alecta Pensionsforsakring Omsesidigt increased its stake in Facebook by 131.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after buying an additional 1,120,000 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

A number of brokerages recently commented on FB. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $185.00 price target on shares of Facebook in a report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $180.00 price target (up previously from $175.00) on shares of Facebook in a report on Monday. Robert W. Baird reaffirmed an “outperform” rating on shares of Facebook in a report on Monday, July 3rd. Cantor Fitzgerald set a $180.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $175.00 price target on shares of Facebook in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and three have issued a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $165.57.

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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