Facebook, Inc. (NASDAQ:FB) VP Sells $127,447.50 in Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $169.93, for a total value of $127,447.50. Following the transaction, the vice president now owns 83,156 shares of the company’s stock, valued at approximately $14,130,699.08. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.15, for a total value 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 value of $128,910.00.
  • On Tuesday, July 25th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $165.29, for a total value of $123,967.50.
  • On Tuesday, July 18th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $159.87, for a total value of $119,902.50.
  • On Tuesday, July 11th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $153.36, for a total value of $115,020.00.
  • On Wednesday, July 5th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $149.00, for a total value of $111,750.00.
  • On Tuesday, June 27th, Colin Stretch sold 750 shares of Facebook stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $151.80, for a total value of $113,850.00.

Shares of Facebook, Inc. (FB) traded up 0.30% during mid-day trading on Friday, hitting $167.41. The stock had a trading volume of 15,093,638 shares. The company’s 50 day moving average price is $163.85 and its 200 day moving average price is $148.79. The stock has a market cap of $486.19 billion, a P/E ratio of 37.47 and a beta of 0.70. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. Equities research analysts predict that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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A number of brokerages recently issued reports on FB. Pacific Crest reissued an “overweight” rating and set a $155.00 price target on shares of Facebook in a research note on Monday, April 24th. Needham & Company LLC raised their price target on Facebook from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Wedbush set a $185.00 price target on Facebook and gave the stock a “buy” rating in a research note on Thursday, May 4th. Morgan Stanley reissued a “buy” rating and set a $175.00 price target on shares of Facebook in a research note on Thursday, May 4th. Finally, Nomura set a $165.00 price target on Facebook and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus price target of $183.47.

Several large investors have recently modified their holdings of FB. Arcadia Investment Management Corp MI raised its stake in 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 buying an additional 120 shares during the period. D. Scott Neal Inc. raised its stake in 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 buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. raised its stake in 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 buying an additional 34 shares during the period. Cohen Capital Management Inc. acquired a new stake in Facebook during the first quarter valued at $121,000. Finally, Cable Hill Partners LLC raised its stake in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 57.40% of the company’s stock.

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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