Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $154.28, for a total value of $115,710.00. Following the transaction, the vice president now owns 91,644 shares of the company’s stock, valued at $14,138,836.32. The transaction 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 Wednesday, October 17th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $160.00, for a total value of $120,000.00.
  • On Wednesday, October 10th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $157.12, for a total value of $117,840.00.
  • On Wednesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $160.00, for a total value of $120,000.00.
  • On Wednesday, September 26th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $164.29, for a total value of $123,217.50.
  • On Wednesday, September 19th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $160.03, for a total value of $120,022.50.
  • On Wednesday, September 12th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $163.25, for a total value of $122,437.50.
  • On Wednesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $168.85, for a total transaction of $126,637.50.
  • On Wednesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $176.10, for a total transaction of $132,075.00.
  • On Wednesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.20, for a total transaction of $129,150.00.
  • On Wednesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $179.17, for a total transaction of $134,377.50.

Shares of FB stock opened at $150.95 on Friday. Facebook, Inc. has a 52 week low of $145.60 and a 52 week high of $218.62. The firm has a market capitalization of $449.64 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.42.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook had a return on equity of 28.16% and a net margin of 39.31%. The company had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. As a group, analysts expect that Facebook, Inc. will post 7.07 EPS for the current fiscal year.

Several analysts have issued reports on FB shares. Wedbush reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Facebook in a research note on Friday, July 20th. Cleveland Research reaffirmed a “buy” rating on shares of Facebook in a research note on Thursday, September 13th. Oppenheimer reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research note on Thursday, July 26th. Citigroup cut shares of Facebook to a “buy” rating and cut their price objective for the company from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut their price target on shares of Facebook from $225.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, October 8th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $205.11.

Large investors have recently bought and sold shares of the company. Marble Arch Investments LP lifted its holdings in shares of Facebook by 40.8% during the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock valued at $72,209,000 after purchasing an additional 130,900 shares during the last quarter. Knott David M purchased a new position in Facebook during the first quarter valued at $3,196,000. Immersion Capital LLP purchased a new position in Facebook during the first quarter valued at $65,194,000. Natixis raised its stake in Facebook by 420.1% during the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock valued at $126,232,000 after buying an additional 638,106 shares during the last quarter. Finally, City Financial Investment Co Ltd purchased a new position in Facebook during the first quarter valued at $15,979,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Further Reading: Technical Analysis

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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