Facebook Inc (FB) VP Sells $134,820.00 in Stock

Facebook Inc (NASDAQ:FB) VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $179.76, for a total value of $134,820.00. Following the transaction, the vice president now directly owns 82,546 shares in the company, valued at approximately $14,838,468.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, December 26th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $176.23, for a total value of $132,172.50.
  • On Tuesday, December 12th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $178.83, for a total value of $134,122.50.
  • On Tuesday, December 5th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $171.60, for a total value of $128,700.00.
  • On Tuesday, November 21st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $179.29, for a total value of $134,467.50.
  • On Tuesday, November 14th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $177.68, for a total value of $133,260.00.
  • On Tuesday, November 7th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $180.35, for a total value of $135,262.50.
  • On Tuesday, October 31st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $180.16, for a total value of $135,120.00.
  • On Tuesday, October 24th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.43, for a total value of $129,322.50.
  • On Tuesday, October 17th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $175.29, for a total value of $131,467.50.
  • On Tuesday, October 10th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.98, for a total value of $129,735.00.

Shares of Facebook Inc (FB) traded down $8.40 during midday trading on Friday, reaching $179.37. The company’s stock had a trading volume of 77,550,000 shares, compared to its average volume of 16,580,000. Facebook Inc has a 12-month low of $126.78 and a 12-month high of $188.90. The firm has a market cap of $521,210.00, a price-to-earnings ratio of 33.34, a PEG ratio of 1.07 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter last year, the firm earned $1.09 EPS. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. research analysts anticipate that Facebook Inc will post 5.86 EPS for the current fiscal year.

Several analysts have recently issued reports on FB shares. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC upped their price objective on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity increased their target price on Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $203.72.

A number of large investors have recently added to or reduced their stakes in the business. Country Trust Bank lifted its holdings in shares of Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Facebook in the 3rd quarter worth approximately $111,000. D. Scott Neal Inc. lifted its holdings in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after purchasing an additional 34 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new stake in shares of Facebook in the 3rd quarter worth approximately $152,000. 57.73% of the stock is currently owned by institutional investors.

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About Facebook

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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