Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total transaction of $128,550.00. Following the completion of the transaction, the vice president now directly owns 93,341 shares of the company’s stock, valued at approximately $15,998,647.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, September 12th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $173.58, for a total transaction of $130,185.00.
  • On Tuesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.59, for a total transaction of $128,692.50.
  • On Tuesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $166.85, for a total transaction of $125,137.50.
  • On Tuesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $168.25, for a total transaction of $126,187.50.
  • On Tuesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.15, for a total transaction of $128,362.50.
  • On Tuesday, August 8th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.88, for a total transaction of $128,910.00.
  • On Tuesday, August 1st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $169.93, for a total transaction of $127,447.50.
  • On Tuesday, July 25th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $165.29, for a total transaction of $123,967.50.
  • On Tuesday, July 18th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $159.87, for a total transaction of $119,902.50.
  • On Tuesday, July 11th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $153.36, for a total transaction of $115,020.00.

Facebook, Inc. (NASDAQ FB) opened at 170.54 on Friday. The firm has a 50-day moving average of $170.12 and a 200 day moving average of $154.54. The firm has a market capitalization of $495.28 billion, a PE ratio of 38.17 and a beta of 0.76. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s revenue was up 44.8% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Equities research analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI increased its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the period. Cohen Capital Management Inc. purchased a new position in shares of Facebook in the first quarter worth $121,000. Finally, Pacific Center for Financial Services increased its stake in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 88 shares during the period. 57.26% of the stock is currently owned by hedge funds and other institutional investors.

FB has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. increased their price target on shares of Facebook from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. JMP Securities reissued an “outperform” rating and set a $195.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target on the stock in a research note on Monday, August 28th. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $185.53.

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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