Insider Selling: Facebook, Inc. (FB) VP Sells 750 Shares of Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the transaction, the vice president now owns 89,916 shares in the company, valued at approximately $15,504,215.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • 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 value 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 value of $135,120.00.
  • 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.
  • On Tuesday, October 3rd, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $170.10, for a total value of $127,575.00.
  • On Tuesday, September 26th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $164.21, for a total value of $123,157.50.
  • On Tuesday, September 19th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.40, for a total value of $128,550.00.
  • On Tuesday, September 12th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $173.58, for a total value of $130,185.00.
  • On Tuesday, September 5th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $171.59, for a total value of $128,692.50.
  • On Tuesday, August 29th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $166.85, for a total value of $125,137.50.

Facebook, Inc. (NASDAQ FB) traded down $0.84 during mid-day trading on Friday, reaching $178.46. 11,070,100 shares of the company’s stock were exchanged, compared to its average volume of 16,976,990. The firm has a market cap of $521,011.41, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $182.90.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. analysts predict that Facebook, Inc. will post 5.81 EPS for the current year.

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A number of analysts have recently commented on FB shares. Robert W. Baird reissued an “outperform” rating and set a $185.00 price target (up from $163.00) on shares of Facebook in a research note on Thursday, July 27th. Mizuho restated a “buy” rating on shares of Facebook in a research report on Monday, August 7th. MKM Partners restated a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Facebook in a research report on Monday, August 7th. Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Macquarie set a $205.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $197.95.

Hedge funds have recently added to or reduced their stakes in the business. Ropes Wealth Advisors LLC increased its holdings in shares of Facebook by 5.6% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 15,467 shares of the social networking company’s stock worth $2,643,000 after buying an additional 827 shares during the last quarter. Sandia Holdings LLC boosted its position in shares of Facebook by 36.8% during the 3rd quarter. Sandia Holdings LLC now owns 59,143 shares of the social networking company’s stock worth $10,106,000 after purchasing an additional 15,909 shares during the period. Zeke Capital Advisors LLC boosted its position in shares of Facebook by 77.5% during the 3rd quarter. Zeke Capital Advisors LLC now owns 44,622 shares of the social networking company’s stock worth $7,625,000 after purchasing an additional 19,477 shares during the period. Budros Ruhlin & Roe Inc. boosted its position in Facebook by 6.1% in the 3rd quarter. Budros Ruhlin & Roe Inc. now owns 5,209 shares of the social networking company’s stock valued at $890,000 after buying an additional 300 shares during the period. Finally, Amalgamated Bank boosted its position in Facebook by 2.3% in the 3rd quarter. Amalgamated Bank now owns 282,231 shares of the social networking company’s stock valued at $48,225,000 after buying an additional 6,335 shares during the period. Institutional investors own 57.27% of the company’s stock.

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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