Facebook Inc (FB) VP Sells $128,700.00 in Stock

Facebook Inc (NASDAQ:FB) VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares of the company’s stock, valued at $14,456,613.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, November 21st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $179.29, for a total value of $134,467.50.
  • On Tuesday, November 14th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $177.68, for a total value of $133,260.00.
  • On Tuesday, November 7th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $180.35, for a total value of $135,262.50.
  • On Tuesday, October 31st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $180.16, for a total value of $135,120.00.
  • On Tuesday, October 24th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.43, for a total value of $129,322.50.
  • On Tuesday, October 17th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $175.29, for a total value of $131,467.50.
  • 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 value 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 value 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 value 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 value of $128,550.00.

Shares of Facebook Inc (NASDAQ:FB) traded up $4.08 during trading hours on Thursday, hitting $180.14. The stock had a trading volume of 20,361,248 shares, compared to its average volume of 16,960,707. The firm has a market capitalization of $502,210.81, a P/E ratio of 33.30, a P/E/G ratio of 1.10 and a beta of 0.69. Facebook Inc has a 12 month low of $114.77 and a 12 month high of $184.25.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm’s revenue was up 47.3% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. equities analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

Several brokerages have recently commented on FB. Wells Fargo & Company reaffirmed a “buy” rating and issued a $215.00 target price on shares of Facebook in a research report on Tuesday. Evercore ISI started coverage on Facebook in a report on Tuesday. They set an “outperform” rating and a $225.00 price objective for the company. MKM Partners increased their price objective on Facebook to $240.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $197.10 price objective for the company in a report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $200.70.

A number of hedge funds have recently added to or reduced their stakes in FB. AXA boosted its holdings in Facebook by 3.5% during the third quarter. AXA now owns 1,477,383 shares of the social networking company’s stock valued at $252,441,000 after purchasing an additional 49,340 shares in the last quarter. Shelton Capital Management boosted its holdings in Facebook by 0.4% during the third quarter. Shelton Capital Management now owns 265,019 shares of the social networking company’s stock valued at $45,284,000 after purchasing an additional 939 shares in the last quarter. Institutional & Family Asset Management LLC acquired a new stake in Facebook during the third quarter valued at approximately $513,000. Steward Partners Investment Advisory LLC acquired a new stake in Facebook during the third quarter valued at approximately $22,763,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Facebook by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,681,240 shares of the social networking company’s stock valued at $287,273,000 after purchasing an additional 8,878 shares in the last quarter. 57.86% of the stock is currently owned by institutional investors and hedge funds.

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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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