Facebook Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $127.26, for a total transaction of $95,445.00. Following the completion of the sale, the vice president now directly owns 86,890 shares in the company, valued at approximately $11,057,621.40. 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 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 transaction 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 transaction 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 transaction 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 transaction of $1,751,123.98.

Facebook Inc. (NASDAQ:FB) opened at 128.65 on Tuesday. Facebook Inc. has a one year low of $85.72 and a one year high of $131.98. The company has a market cap of $369.44 billion, a P/E ratio of 61.50 and a beta of 0.76. The company’s 50 day moving average price is $125.81 and its 200-day moving average price is $117.89.

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

Several hedge funds have recently added to or reduced their stakes in FB. Carnick & Kubik Group LLC acquired a new stake in Facebook during the second quarter valued at about $1,902,000. Williams Jones & Associates LLC boosted its stake in Facebook by 3.3% in the second quarter. Williams Jones & Associates LLC now owns 635,392 shares of the social networking company’s stock valued at $72,613,000 after buying an additional 20,128 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Facebook during the second quarter valued at about $10,668,000. Kentucky Retirement Systems acquired a new stake in Facebook during the second quarter valued at about $22,467,000. Finally, KAMES CAPITAL plc boosted its stake in Facebook by 2.3% in the second quarter. KAMES CAPITAL plc now owns 1,321,024 shares of the social networking company’s stock valued at $150,967,000 after buying an additional 29,407 shares in the last quarter. Hedge funds and other institutional investors own 56.89% of the company’s stock.

Several analysts have issued reports on FB shares. Citigroup Inc. upped their price target on shares of Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley lowered shares of Facebook from an “in-line” rating to an “underweight” rating in a research report on Monday, September 12th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $136.45 price target on the stock in a research report on Monday, September 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $170.00 price objective on shares of Facebook in a report on Friday, September 9th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $155.00 price objective on shares of Facebook in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target 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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