Facebook Inc (NASDAQ:FB) VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $178.83, for a total value of $134,122.50. Following the transaction, the vice president now directly owns 83,296 shares of the company’s stock, valued at $14,895,823.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, December 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.60, for a total value of $128,700.00.
  • On Tuesday, November 21st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $179.29, for a total value of $134,467.50.
  • On Tuesday, November 14th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $177.68, for a total value of $133,260.00.
  • On Tuesday, November 7th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $180.35, for a total value of $135,262.50.
  • On Tuesday, October 31st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $180.16, for a total value of $135,120.00.
  • On Tuesday, October 24th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.43, for a total value of $129,322.50.
  • On Tuesday, October 17th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $175.29, for a total value of $131,467.50.
  • On Tuesday, October 10th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.98, for a total value of $129,735.00.
  • On Tuesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $170.10, for a total value of $127,575.00.
  • On Tuesday, September 26th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $164.21, for a total value of $123,157.50.

Facebook Inc (NASDAQ FB) traded up $1.79 on Friday, reaching $180.18. The company’s stock had a trading volume of 26,225,100 shares, compared to its average volume of 16,747,133. The stock has a market cap of $518,367.09, a P/E ratio of 34.37, a P/E/G ratio of 1.14 and a beta of 0.69. Facebook Inc has a one year low of $114.77 and a one year high of $184.25.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. research analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FB. AustralianSuper Pty Ltd purchased a new position in shares of Facebook in the 3rd quarter valued at $80,975,000. Parametric Portfolio Associates LLC increased its holdings in shares of Facebook by 4.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 6,407,610 shares of the social networking company’s stock valued at $1,094,868,000 after acquiring an additional 274,982 shares during the period. AXA increased its holdings in shares of Facebook by 3.5% in the 3rd quarter. AXA now owns 1,477,383 shares of the social networking company’s stock valued at $252,441,000 after acquiring an additional 49,340 shares during the period. Shelton Capital Management increased its holdings in shares of Facebook by 0.4% in the 3rd quarter. Shelton Capital Management now owns 265,019 shares of the social networking company’s stock valued at $45,284,000 after acquiring an additional 939 shares during the period. Finally, Institutional & Family Asset Management LLC purchased a new position in shares of Facebook in the 3rd quarter valued at $513,000. Institutional investors own 57.86% of the company’s stock.

Several research firms have recently issued reports on FB. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research note on Tuesday, November 7th. Vetr lowered Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective for the company. in a research note on Thursday, December 7th. Aegis raised their price objective on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada raised their price objective on Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Barclays raised their price objective on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $200.75.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/colin-stretch-sells-750-shares-of-facebook-inc-fb-stock/1768406.html.

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)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.