Facebook Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $129.47, for a total transaction of $97,102.50. Following the completion of the transaction, the vice president now owns 83,890 shares of the company’s stock, valued at $10,861,238.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, October 4th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $128.27, for a total transaction of $96,202.50.
  • On Tuesday, September 27th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $127.63, for a total transaction of $95,722.50.
  • On Tuesday, September 20th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $128.97, for a total transaction of $96,727.50.
  • On Tuesday, September 13th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $127.26, for a total transaction of $95,445.00.
  • On Tuesday, August 30th, Colin Stretch sold 750 shares of Facebook stock. The shares were 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 shares were 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 shares were 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.

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.13% on Wednesday, reaching $129.05. The company had a trading volume of 11,072,991 shares. The firm has a market capitalization of $370.59 billion, a PE ratio of 61.69 and a beta of 0.77. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $131.98. The company’s 50-day moving average is $128.03 and its 200 day moving average is $120.07.

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

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

Several large investors have recently modified their holdings of FB. Capital World Investors boosted its stake in shares of Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock valued at $3,786,244,000 after buying an additional 9,686,624 shares during the period. Third Point LLC bought a new stake in shares of Facebook during the second quarter valued at about $428,550,000. Vanguard Group Inc. boosted its stake in Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock valued at $15,940,195,000 after buying an additional 3,400,653 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Facebook during the second quarter valued at $369,509,000. Finally, State Street Corp boosted its stake in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock valued at $9,792,722,000 after buying an additional 1,950,433 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

FB has been the subject of several recent analyst reports. Piper Jaffray Cos. reissued an “overweight” rating and issued a $185.00 price target on shares of Facebook in a report on Wednesday, October 5th. Mizuho reissued a “buy” rating and issued a $150.00 price target on shares of Facebook in a report on Tuesday, October 4th. Cowen and Company reissued an “outperform” rating and issued a $150.00 price target on shares of Facebook in a report on Monday, September 26th. Jefferies Group reissued a “buy” rating and issued a $170.00 price target on shares of Facebook in a report on Monday, August 22nd. Finally, Vetr lowered shares of Facebook from a “buy” rating to a “hold” rating and set a $131.43 price target for the company. in a report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $149.99.

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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