Facebook, Inc. (FB) VP Sells $135,060.00 in Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $180.08, for a total transaction of $135,060.00. Following the completion of the sale, the vice president now directly owns 97,872 shares of the company’s stock, valued at $17,624,789.76. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, May 8th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $189.39, for a total transaction of $142,042.50.
  • On Wednesday, May 1st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $194.78, for a total transaction of $146,085.00.
  • On Wednesday, April 24th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $184.49, for a total transaction of $138,367.50.
  • On Wednesday, April 17th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $179.60, for a total transaction of $134,700.00.
  • On Wednesday, April 10th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $178.25, for a total transaction of $133,687.50.
  • On Wednesday, March 27th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $167.85, for a total transaction of $125,887.50.
  • On Wednesday, March 20th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $161.50, for a total transaction of $121,125.00.
  • On Wednesday, March 13th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.35, for a total transaction of $129,262.50.
  • On Wednesday, March 6th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.60, for a total transaction of $129,450.00.
  • On Wednesday, February 27th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $162.91, for a total transaction of $122,182.50.

Shares of NASDAQ:FB traded down $1.69 on Friday, hitting $185.30. 9,146,912 shares of the company’s stock were exchanged, compared to its average volume of 18,808,918. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62. The company has a market cap of $541.11 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.14 and a beta of 0.93. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.80). Facebook had a return on equity of 23.67% and a net margin of 33.17%. The business had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. During the same quarter last year, the business posted $1.69 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, equities research analysts predict that Facebook, Inc. will post 8.05 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. C J Advisory Inc purchased a new position in shares of Facebook during the first quarter valued at $28,000. Whitnell & Co. purchased a new position in Facebook in the fourth quarter valued at about $26,000. Contravisory Investment Management Inc. grew its stake in Facebook by 153.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 121 shares during the last quarter. Jackson Grant Investment Advisers Inc. purchased a new position in Facebook in the fourth quarter valued at about $31,000. Finally, Buffington Mohr McNeal purchased a new position in Facebook in the first quarter valued at about $43,000. Institutional investors and hedge funds own 60.22% of the company’s stock.

FB has been the subject of a number of research reports. DZ Bank upgraded Facebook from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Citigroup reiterated a “buy” rating and set a $185.00 target price (up from $175.00) on shares of Facebook in a research report on Thursday, January 31st. Wedbush lowered their target price on Facebook to $200.00 and set a “buy” rating for the company in a research report on Monday, February 4th. Oppenheimer increased their target price on Facebook from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Goldman Sachs Group set a $195.00 target price on Facebook and gave the company a “buy” rating in a research report on Monday, January 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $206.58.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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