Facebook, Inc. (FB) VP Colin Stretch Sells 750 Shares of Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $172.98, for a total value of $129,735.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The shares were 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 shares were 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 shares were sold at an average price of $171.40, for a total value of $128,550.00.
  • On Tuesday, September 12th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $173.58, for a total value of $130,185.00.
  • On Tuesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.59, for a total value of $128,692.50.
  • On Tuesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $166.85, for a total value of $125,137.50.
  • On Tuesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $168.25, for a total value of $126,187.50.
  • 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 shares were sold at an average price of $171.88, for a total value of $128,910.00.
  • On Tuesday, August 1st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $169.93, for a total value of $127,447.50.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS.

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FB has been the topic of several analyst reports. Oppenheimer Holdings, Inc. upped their price objective on Facebook from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. JMP Securities restated an “outperform” rating and set a $195.00 price target (up from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target on the stock in a research report on Monday, August 28th. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Robert W. Baird restated a “buy” rating and set a $185.00 price target on shares of Facebook in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $185.38.

Institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its position in shares of Facebook by 20.0% during the 1st 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. raised its position in shares of Facebook by 1,358.0% during the 2nd 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. Farmers & Merchants Investments Inc. raised its position in shares of Facebook by 4.4% during the 2nd 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 in the last quarter. Pacific Center for Financial Services raised its position in shares of Facebook by 10.7% during the 1st 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. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook during the 2nd quarter valued at $138,000. Hedge funds and other institutional investors own 57.26% of the company’s stock.

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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