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

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $151.57, for a total transaction of $113,677.50. Following the completion of the sale, the vice president now directly owns 90,144 shares of the company’s stock, valued at approximately $13,663,126.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, October 31st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $155.00, for a total transaction of $116,250.00.
  • On Wednesday, October 24th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $154.28, for a total transaction of $115,710.00.
  • On Wednesday, October 17th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $160.00, for a total transaction of $120,000.00.
  • On Wednesday, October 10th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $157.12, for a total transaction of $117,840.00.
  • 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 transaction 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 transaction 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 12th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $163.25, for a total value of $122,437.50.
  • 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.

FB stock opened at $147.87 on Friday. The stock has a market cap of $435.58 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 0.91 and a beta of 0.55. Facebook, Inc. has a twelve month low of $139.03 and a twelve month high of $218.62.

Facebook (NASDAQ:FB) last posted its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.30. The business had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS. As a group, equities research analysts expect that Facebook, Inc. will post 7.35 earnings per share for the current fiscal year.

Several equities analysts have weighed in on FB shares. Citigroup cut Facebook to a “buy” rating and dropped their price objective for the company from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Facebook from $185.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 12th. ValuEngine upgraded Facebook from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Credit Suisse Group set a $265.00 target price on Facebook and gave the stock a “buy” rating in a research note on Monday, July 16th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $225.00 target price on shares of Facebook in a research note on Monday, July 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $194.54.

A number of hedge funds have recently bought and sold shares of FB. Summit Trail Advisors LLC grew its holdings in Facebook by 4,170.3% during the 1st quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock valued at $9,071,000 after buying an additional 8,858,520 shares in the last quarter. Fundsmith Equity Fund L.P. purchased a new position in Facebook during the 2nd quarter valued at about $1,072,219,000. Cornerstone Wealth Management LLC grew its holdings in Facebook by 21,254.2% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,612,283 shares of the social networking company’s stock valued at $18,303,000 after buying an additional 3,595,367 shares in the last quarter. BlackRock Inc. grew its holdings in Facebook by 2.0% during the 1st quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after buying an additional 2,966,437 shares in the last quarter. Finally, Suvretta Capital Management LLC purchased a new position in Facebook during the 1st quarter valued at about $430,727,000. 60.25% of the stock is owned by institutional investors and hedge funds.

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Facebook Company Profile

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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