Facebook, Inc. (FB) VP Sells $117,840.00 in Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $157.12, for a total transaction of $117,840.00. Following the sale, the vice president now owns 93,144 shares of the company’s stock, valued at approximately $14,634,785.28. The sale 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 Wednesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $160.00, for a total transaction of $120,000.00.
  • On Wednesday, September 26th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $164.29, for a total transaction of $123,217.50.
  • On Wednesday, September 19th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $160.03, for a total transaction of $120,022.50.
  • On Wednesday, September 12th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $163.25, for a total transaction of $122,437.50.
  • On Wednesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $168.85, for a total transaction of $126,637.50.
  • On Wednesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $176.10, for a total transaction of $132,075.00.
  • On Wednesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.20, for a total transaction of $129,150.00.
  • On Wednesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $179.17, for a total transaction of $134,377.50.
  • On Wednesday, August 8th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $184.98, for a total transaction of $138,735.00.
  • On Wednesday, August 1st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $174.00, for a total transaction of $130,500.00.

Shares of Facebook stock traded up $0.39 during trading hours on Friday, reaching $153.74. 25,301,700 shares of the company’s stock were exchanged, compared to its average volume of 27,886,178. Facebook, Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $218.62. The company has a market cap of $477.76 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 1.05 and a beta of 0.42.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook had a return on equity of 28.16% and a net margin of 39.31%. The business had revenue of $13.23 billion for the quarter, compared to analyst estimates of $13.35 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The company’s quarterly revenue was up 41.9% on a year-over-year basis. Analysts expect that Facebook, Inc. will post 7.08 earnings per share for the current year.

FB has been the subject of several research analyst reports. DZ Bank reissued a “buy” rating on shares of Facebook in a report on Thursday, June 21st. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $226.00 price target for the company in a report on Tuesday, June 26th. Macquarie reissued a “buy” rating and issued a $200.00 price target on shares of Facebook in a report on Wednesday, June 27th. Finally, Barclays reaffirmed a “buy” rating and issued a $190.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $205.00.

Hedge funds have recently modified their holdings of the company. Cribstone Capital Management LLC raised its holdings in shares of Facebook by 186.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock valued at $121,000 after purchasing an additional 406 shares during the period. IMA Wealth Inc. bought a new position in Facebook in the 2nd quarter valued at about $122,000. Trust Department MB Financial Bank N A bought a new position in Facebook in the 2nd quarter valued at about $134,000. Aviance Capital Management LLC bought a new position in Facebook in the 2nd quarter valued at about $151,000. Finally, Wagner Wealth Management LLC bought a new position in Facebook in the 4th quarter valued at about $183,000. 60.43% of the stock is currently owned by institutional investors.

Facebook Company Profile

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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Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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