Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $164.29, for a total transaction of $123,217.50. Following the sale, the vice president now directly owns 94,644 shares of the company’s stock, valued at approximately $15,549,062.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • 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 transaction 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 transaction 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.
  • On Wednesday, August 8th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $184.98, for a total transaction of $138,735.00.
  • On Wednesday, August 1st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $174.00, for a total transaction of $130,500.00.
  • On Wednesday, July 25th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $215.81, for a total transaction of $161,857.50.
  • On Wednesday, July 18th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $210.00, for a total transaction of $157,500.00.

Shares of NASDAQ FB traded up $3.48 during mid-day trading on Thursday, reaching $170.43. 442,916 shares of the company’s stock were exchanged, compared to its average volume of 23,732,212. The stock has a market capitalization of $479.06 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.06 and a beta of 0.49. Facebook, Inc. has a 52 week low of $149.02 and a 52 week high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). The business had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $13.35 billion. Facebook had a return on equity of 28.16% and a net margin of 39.31%. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 earnings per share. equities research analysts forecast that Facebook, Inc. will post 7.08 earnings per share for the current fiscal year.

FB has been the subject of several research reports. BidaskClub downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Nomura initiated coverage on shares of Facebook in a research report on Tuesday, July 10th. They issued a “buy” rating and a $228.00 price target for the company. Piper Jaffray Companies lifted their price target on shares of Facebook to $250.00 and gave the company an “in-line” rating in a research report on Friday, July 20th. UBS Group downgraded shares of Facebook from a “buy” rating to a “neutral” rating and reduced their price target for the company from $212.00 to $180.00 in a research report on Thursday, July 26th. Finally, Raymond James downgraded shares of Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 price target for the company. in a research report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $206.65.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cribstone Capital Management LLC grew its holdings in Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock valued at $121,000 after buying an additional 406 shares in the last quarter. IMA Wealth Inc. purchased a new position in Facebook during the 2nd quarter valued at about $122,000. Risk Paradigm Group LLC grew its holdings in Facebook by 81.4% during the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock valued at $116,000 after buying an additional 294 shares in the last quarter. Trust Department MB Financial Bank N A purchased a new position in Facebook during the 2nd quarter valued at about $134,000. Finally, Aviance Capital Management LLC purchased a new position in Facebook during the 2nd quarter valued at about $151,000. Institutional investors own 60.39% of the company’s stock.

About Facebook

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.

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