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

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

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

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

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. Facebook’s revenue was up 59.2% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Analysts forecast that Facebook Inc. will post $3.94 earnings per share for the current fiscal year.

Several research firms recently issued reports on FB. Citigroup Inc. boosted their price target on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley downgraded Facebook from an “in-line” rating to an “underweight” rating in a research report on Monday, September 12th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $136.45 target price for the company in a research report on Monday, September 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $170.00 target price on shares of Facebook in a research report on Friday, September 9th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $155.00 target price on shares of Facebook in a research report on Tuesday, September 6th. Two 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $149.45.

Institutional investors have recently modified their holdings of the stock. National Pension Service raised its position in shares of Facebook by 4.2% in the first quarter. National Pension Service now owns 1,063,800 shares of the social networking company’s stock valued at $121,380,000 after buying an additional 43,338 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock valued at $2,210,464,000 after buying an additional 690,650 shares during the last quarter. Factory Mutual Insurance Co. raised its position in shares of Facebook by 3.1% in the second quarter. Factory Mutual Insurance Co. now owns 837,000 shares of the social networking company’s stock valued at $95,652,000 after buying an additional 25,000 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Facebook by 36.9% in the first quarter. Renaissance Technologies LLC now owns 2,453,800 shares of the social networking company’s stock valued at $279,979,000 after buying an additional 661,600 shares during the last quarter. Finally, Jackson Square Partners LLC raised its position in shares of Facebook by 21.4% in the first quarter. Jackson Square Partners LLC now owns 5,507,159 shares of the social networking company’s stock valued at $628,366,000 after buying an additional 969,198 shares during the last quarter. 56.61% of the stock is currently owned by institutional investors.

About Facebook

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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