Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $166.85, for a total value of $125,137.50. Following the transaction, the vice president now directly owns 96,268 shares in the company, valued at approximately $16,062,315.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $168.25, for a total value of $126,187.50.
  • On Tuesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.15, for a total value of $128,362.50.
  • On Tuesday, August 8th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.88, for a total value of $128,910.00.
  • On Tuesday, August 1st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $169.93, for a total value of $127,447.50.
  • On Tuesday, July 25th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $165.29, for a total value of $123,967.50.
  • On Tuesday, July 18th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $159.87, for a total value of $119,902.50.
  • On Tuesday, July 11th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $153.36, for a total value of $115,020.00.
  • On Wednesday, July 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $149.00, for a total value of $111,750.00.
  • On Tuesday, June 27th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $152.89, for a total value of $114,667.50.
  • On Tuesday, June 20th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $152.87, for a total value of $114,652.50.

Shares of Facebook, Inc. (NASDAQ FB) opened at 169.92 on Thursday. The firm has a 50 day moving average price of $166.02 and a 200-day moving average price of $150.10. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a market cap of $493.48 billion, a price-to-earnings ratio of 38.03 and a beta of 0.70.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 44.8% on a year-over-year basis. Equities research analysts anticipate that Facebook, Inc. will post $5.33 earnings per share for the current year.

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FB has been the subject of several recent research reports. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target for the company in a research note on Monday. SunTrust Banks, Inc. initiated coverage on Facebook in a research note on Tuesday, August 15th. They issued a “buy” rating and a $210.00 price target for the company. Cowen and Company reissued an “outperform” rating and issued a $195.00 price target on shares of Facebook in a research note on Thursday, August 10th. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Pivotal Research cut Facebook from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average target price of $183.74.

Institutional investors have recently added to or reduced their stakes in the stock. Howard Capital Management increased its stake in shares of Facebook by 2.8% in the first quarter. Howard Capital Management now owns 134,712 shares of the social networking company’s stock valued at $19,136,000 after buying an additional 3,726 shares during the period. Patten & Patten Inc. TN boosted its position in Facebook by 14.0% in the first quarter. Patten & Patten Inc. TN now owns 9,785 shares of the social networking company’s stock worth $1,390,000 after buying an additional 1,200 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in Facebook by 6.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,611 shares of the social networking company’s stock worth $655,000 after buying an additional 292 shares in the last quarter. Magee Thomson Investment Partners LLC boosted its position in Facebook by 2.1% in the first quarter. Magee Thomson Investment Partners LLC now owns 76,000 shares of the social networking company’s stock worth $10,796,000 after buying an additional 1,540 shares in the last quarter. Finally, BTR Capital Management Inc. bought a new position in Facebook during the first quarter worth about $287,000. Hedge funds and other institutional investors own 57.30% of the company’s stock.

Facebook Company Profile

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)

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