Facebook, Inc. (FB) VP Colin Stretch Sells 750 Shares

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $175.29, for a total transaction of $131,467.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, October 10th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.98, for a total transaction of $129,735.00.
  • On Tuesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $170.10, for a total transaction of $127,575.00.
  • On Tuesday, September 26th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50.
  • On Tuesday, September 19th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.40, for a total transaction of $128,550.00.
  • On Tuesday, September 12th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $173.58, for a total transaction of $130,185.00.
  • On Tuesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.59, for a total transaction of $128,692.50.
  • On Tuesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $166.85, for a total transaction of $125,137.50.
  • On Tuesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $168.25, for a total transaction of $126,187.50.
  • On Tuesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.15, for a total transaction of $128,362.50.
  • On Tuesday, August 8th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.88, for a total transaction of $128,910.00.

Shares of Facebook, Inc. (NASDAQ:FB) traded up 0.91% during midday trading on Tuesday, hitting $176.11. 15,990,079 shares of the stock were exchanged. The firm has a 50-day moving average of $170.69 and a 200-day moving average of $158.55. The company has a market capitalization of $511.46 billion, a P/E ratio of 39.42 and a beta of 0.70. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $176.13.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period last year, the firm posted $0.97 earnings per share. Facebook’s revenue for the quarter was up 44.8% compared to the same quarter last year. On average, equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI grew its holdings in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after purchasing an additional 120 shares in the last quarter. D. Scott Neal Inc. grew its holdings in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares in the last quarter. Pacific Center for Financial Services grew its holdings in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 88 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook in the second quarter valued at $138,000. 57.24% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on FB shares. Cantor Fitzgerald set a $180.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Robert W. Baird reaffirmed an “outperform” rating on shares of Facebook in a research report on Monday, July 3rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $180.00 price objective (up previously from $175.00) on shares of Facebook in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research report on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $168.00 price objective (up previously from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $185.38.

Facebook Company Profile

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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