Facebook Inc (FB) VP Colin Stretch Sells 750 Shares

Facebook Inc (NASDAQ:FB) VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total transaction of $132,172.50. Following the completion of the sale, the vice president now directly owns 82,096 shares of the company’s stock, valued at $14,467,778.08. The transaction 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 19th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $179.76, for a total transaction of $134,820.00.
  • On Tuesday, December 12th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $178.83, for a total transaction of $134,122.50.
  • On Tuesday, December 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.60, for a total transaction of $128,700.00.
  • On Tuesday, November 21st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $179.29, for a total transaction of $134,467.50.
  • On Tuesday, November 14th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $177.68, for a total transaction of $133,260.00.
  • On Tuesday, November 7th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $180.35, for a total transaction of $135,262.50.
  • On Tuesday, October 31st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $180.16, for a total transaction of $135,120.00.
  • On Tuesday, October 24th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50.
  • On Tuesday, October 17th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $175.29, for a total transaction of $131,467.50.
  • On Tuesday, October 10th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.98, for a total transaction of $129,735.00.

Facebook Inc (NASDAQ FB) opened at $179.37 on Friday. Facebook Inc has a 52-week low of $126.78 and a 52-week high of $188.90. The company has a market capitalization of $521,210.00, a PE ratio of 33.34, a PEG ratio of 1.07 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter 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.

A number of hedge funds have recently bought and sold shares of FB. Pekin Singer Strauss Asset Management IL lifted its stake in Facebook by 30.7% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 6,636 shares of the social networking company’s stock valued at $943,000 after buying an additional 1,560 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in Facebook by 10.2% in the first quarter. Checchi Capital Advisers LLC now owns 18,354 shares of the social networking company’s stock valued at $2,607,000 after buying an additional 1,693 shares during the last quarter. Terra Nova Asset Management LLC lifted its stake in Facebook by 4.1% in the first quarter. Terra Nova Asset Management LLC now owns 7,504 shares of the social networking company’s stock valued at $1,066,000 after buying an additional 293 shares during the last quarter. Davis R M Inc. lifted its stake in Facebook by 66.1% in the first quarter. Davis R M Inc. now owns 110,819 shares of the social networking company’s stock valued at $15,742,000 after buying an additional 44,099 shares during the last quarter. Finally, NewFocus Financial Group LLC purchased a new stake in Facebook in the first quarter valued at approximately $334,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/01/14/colin-stretch-sells-750-shares-of-facebook-inc-fb-stock-2-updated-updated.html.

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)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply