Facebook Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $127.26, for a total transaction of $95,445.00. Following the completion of the transaction, the vice president now owns 86,890 shares of the company’s stock, valued at approximately $11,057,621.40. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, August 30th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $126.60, for a total transaction of $94,950.00.
  • On Friday, August 26th, Colin Stretch sold 400 shares of Facebook stock. The shares were sold at an average price of $125.00, for a total transaction of $50,000.00.
  • On Tuesday, August 23rd, Colin Stretch sold 10,350 shares of Facebook stock. The shares were sold at an average price of $125.00, for a total transaction of $1,293,750.00.
  • On Monday, August 15th, Colin Stretch sold 14,114 shares of Facebook stock. The shares were sold at an average price of $124.07, for a total transaction of $1,751,123.98.

Facebook Inc. (NASDAQ:FB) opened at 128.64 on Wednesday. The company has a 50 day moving average price of $125.93 and a 200-day moving average price of $118.04. The firm has a market capitalization of $369.41 billion, a price-to-earnings ratio of 61.49 and a beta of 0.76. Facebook Inc. has a 52 week low of $85.72 and a 52 week high of $131.98.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The business’s quarterly revenue was up 59.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities analysts predict that Facebook Inc. will post $3.94 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stelac Advisory Services LLC acquired a new position in shares of Facebook during the first quarter valued at approximately $106,000. Bartlett & Co. LLC increased its position in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares in the last quarter. Kings Point Capital Management increased its position in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares in the last quarter. Balentine LLC increased its position in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares in the last quarter. 56.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $136.45 price target for the company in a research note on Monday, September 12th. Societe Generale set a $80.00 price target on shares of Facebook and gave the stock a “sell” rating in a research note on Thursday, July 7th. Robert W. Baird upgraded shares of Facebook to a “buy” rating in a research note on Monday, July 18th. Citigroup Inc. increased their price target on shares of Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Group set a $170.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $149.45.

Facebook Company Profile

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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