Facebook Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $121.70, for a total transaction of $91,275.00. Following the completion of the transaction, the vice president now directly owns 80,690 shares of the company’s stock, valued at approximately $9,819,973. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, November 1st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $130.45, for a total transaction of $97,837.50.
  • On Tuesday, October 25th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $132.69, for a total transaction of $99,517.50.
  • On Tuesday, October 18th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $128.78, for a total transaction of $96,585.00.
  • On Tuesday, October 11th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $129.47, for a total transaction of $97,102.50.
  • On Tuesday, October 4th, Colin Stretch sold 750 shares of Facebook stock. The stock was 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 stock was 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 stock was 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 stock was 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 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.

Facebook Inc. (NASDAQ:FB) opened at 119.02 on Monday. The firm has a 50-day moving average price of $127.78 and a 200 day moving average price of $122.35. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $133.50. The company has a market cap of $343.04 billion, a P/E ratio of 45.88 and a beta of 0.76.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The firm’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities analysts expect that Facebook Inc. will post $4.09 earnings per share for the current year.

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

A number of brokerages have recently commented on FB. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $162.00 target price on shares of Facebook in a report on Saturday, October 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $170.00 target price on shares of Facebook in a report on Sunday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $162.00 target price on shares of Facebook in a report on Friday, October 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $160.00 target price on shares of Facebook in a report on Monday, October 31st. Finally, MKM Partners reaffirmed a “buy” rating and issued a $165.00 target price on shares of Facebook in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $150.96.

Several institutional investors have recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its stake in shares of Facebook by 4.7% in the first quarter. Pictet Asset Management Ltd. now owns 1,846,677 shares of the social networking company’s stock worth $197,447,000 after buying an additional 82,504 shares in the last quarter. Crystal Rock Capital Management increased its stake in shares of Facebook by 126.1% in the first quarter. Crystal Rock Capital Management now owns 80,590 shares of the social networking company’s stock worth $9,195,000 after buying an additional 44,940 shares in the last quarter. AXA increased its stake in shares of Facebook by 1.2% in the first quarter. AXA now owns 2,039,733 shares of the social networking company’s stock worth $232,733,000 after buying an additional 24,585 shares in the last quarter. Tiverton Asset Management LLC increased its stake in shares of Facebook by 46.3% in the first quarter. Tiverton Asset Management LLC now owns 365,810 shares of the social networking company’s stock worth $41,739,000 after buying an additional 115,810 shares in the last quarter. Finally, Cleararc Capital Inc. increased its stake in shares of Facebook by 1.4% in the first quarter. Cleararc Capital Inc. now owns 56,424 shares of the social networking company’s stock worth $6,438,000 after buying an additional 780 shares in the last quarter. Institutional investors own 56.87% of the company’s stock.

About Facebook

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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