Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $163.25, for a total value of $122,437.50. Following the completion of the sale, the vice president now directly owns 96,144 shares of the company’s stock, valued at approximately $15,695,508. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The shares were 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 shares were 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 shares were sold at an average price of $160.03, for a total value of $120,022.50.
  • On Wednesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $168.85, for a total value of $126,637.50.
  • On Wednesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $176.10, for a total value of $132,075.00.
  • On Wednesday, August 22nd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.20, for a total value of $129,150.00.
  • On Wednesday, August 15th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $179.17, for a total value of $134,377.50.
  • On Wednesday, August 8th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $184.98, for a total value of $138,735.00.
  • On Wednesday, August 1st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $174.00, for a total value 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 value of $161,857.50.

NASDAQ FB opened at $157.33 on Friday. The firm has a market cap of $477.76 billion, a PE ratio of 25.54, a PEG ratio of 1.05 and a beta of 0.42. Facebook, Inc. has a 1-year low of $149.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last announced 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). 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 the consensus estimate of $13.35 billion. During the same period in the prior year, the business posted $1.32 earnings per share. Facebook’s revenue for the quarter was up 41.9% compared to the same quarter last year. On average, sell-side analysts predict that Facebook, Inc. will post 7.08 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Marble Arch Investments LP increased its stake in Facebook by 40.8% in the 1st quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock worth $72,209,000 after buying an additional 130,900 shares in the last quarter. Knott David M purchased a new stake in Facebook in the 1st quarter worth $3,196,000. Immersion Capital LLP purchased a new stake in Facebook in the 1st quarter worth $65,194,000. Natixis increased its stake in Facebook by 420.1% in the 1st quarter. Natixis now owns 789,988 shares of the social networking company’s stock worth $126,232,000 after buying an additional 638,106 shares in the last quarter. Finally, City Financial Investment Co Ltd purchased a new stake in Facebook in the 1st quarter worth $15,979,000. 60.43% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on FB shares. JPMorgan Chase & Co. reiterated a “$210.91” rating and set a $242.00 target price on shares of Facebook in a report on Monday, July 23rd. Barclays reiterated a “buy” rating and set a $190.00 target price on shares of Facebook in a report on Wednesday, June 27th. Macquarie reiterated a “buy” rating and set a $200.00 target price on shares of Facebook in a report on Wednesday, June 27th. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $226.00 target price on the stock in a report on Tuesday, June 26th. Finally, BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight 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 price target of $206.03.

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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