Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $159.87, for a total value of $119,902.50. Following the completion of the sale, the vice president now directly owns 84,656 shares in the company, valued at $13,533,954.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, July 11th, Colin Stretch sold 750 shares of Facebook stock. The shares were 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 shares were 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 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.

Facebook, Inc. (FB) traded up 0.24% on Thursday, hitting $164.53. 18,520,610 shares of the company’s stock traded hands. Facebook, Inc. has a one year low of $113.55 and a one year high of $165.70. The stock has a market cap of $476.84 billion, a PE ratio of 41.83 and a beta of 0.67. The stock has a 50-day moving average of $153.43 and a 200-day moving average of $142.52. Facebook also was the target of unusually large options trading activity on Wednesday. Stock traders bought 124,719 put options on the company. This is an increase of approximately 183% compared to the typical volume of 44,047 put options.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, May 3rd. The social networking company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.83 billion. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The company’s quarterly revenue was up 49.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, equities analysts forecast that Facebook, Inc. will post $4.87 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in FB. Arcadia Investment Management Corp MI boosted its stake 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 buying an additional 120 shares in the last quarter. D. Scott Neal Inc. boosted its stake 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 buying an additional 679 shares in the last quarter. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter valued at about $121,000. Cable Hill Partners LLC boosted its stake in shares of 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 in the last quarter. Finally, Pacific Center for Financial Services boosted its stake 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 buying an additional 88 shares in the last quarter. 57.63% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on FB. UBS AG reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. 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. Barclays PLC reaffirmed an “overweight” rating and issued a $168.00 price objective (up from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Pivotal Research reaffirmed a “hold” rating and issued a $140.00 price objective on shares of Facebook in a research report on Monday. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Facebook in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have issued a buy rating and four have issued a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average price target of $166.98.

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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