Facebook, Inc. (FB) VP Sells $129,262.50 in Stock

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Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $172.35, for a total transaction of $129,262.50. Following the sale, the vice president now owns 104,622 shares in the company, valued at $18,031,601.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • 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 stock was sold at an average price of $162.91, for a total transaction of $122,182.50.
  • On Wednesday, February 20th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $162.02, for a total transaction of $121,515.00.
  • On Wednesday, February 13th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $165.38, for a total transaction of $124,035.00.
  • On Wednesday, February 6th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.21, for a total transaction of $128,407.50.
  • On Wednesday, January 30th, Colin Stretch sold 9,000 shares of Facebook stock. The stock was sold at an average price of $150.00, for a total transaction of $1,350,000.00.

FB traded down $4.19 on Friday, hitting $165.98. The company had a trading volume of 37,091,976 shares, compared to its average volume of 20,375,660. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62. The firm has a market cap of $494.34 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.20. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. During the same period in the previous year, the company earned $1.44 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, research analysts expect that Facebook, Inc. will post 7.55 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of FB. Mission Wealth Management LP lifted its holdings in shares of Facebook by 3.8% during the third quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock worth $1,715,000 after buying an additional 386 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Facebook by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 8,774,424 shares of the social networking company’s stock worth $1,705,047,000 after buying an additional 337,909 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Facebook by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock worth $17,525,000 after buying an additional 13,124 shares during the last quarter. First American Bank acquired a new position in shares of Facebook during the third quarter worth approximately $6,317,000. Finally, Rovida Advisors Inc. acquired a new position in shares of Facebook during the third quarter worth approximately $18,714,000. Hedge funds and other institutional investors own 59.63% of the company’s stock.

A number of brokerages recently weighed in on FB. BidaskClub raised Facebook from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Raymond James lifted their price target on Facebook from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 31st. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research note on Wednesday, January 2nd. SunTrust Banks lifted their target price on Facebook to $210.00 and gave the company a “buy” rating in a research note on Thursday, January 31st. They noted that the move was a valuation call. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 target price (up previously from $180.00) on shares of Facebook in a research note on Thursday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have assigned a buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average price target of $191.58.

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Facebook Company Profile

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

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