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 Tuesday, November 14th. The stock was sold at an average price of $177.68, for a total transaction of $133,260.00. Following the sale, the vice president now owns 87,341 shares in the company, valued at $15,518,748.88. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • 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 transaction 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 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 shares were 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 shares were sold at an average price of $172.98, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $128,692.50.

Shares of Facebook, Inc. (NASDAQ:FB) traded up $1.64 during trading on Thursday, hitting $179.59. The stock had a trading volume of 15,239,509 shares, compared to its average volume of 16,871,938. Facebook, Inc. has a one year low of $114.00 and a one year high of $182.90. The company has a market cap of $521,850.00, a PE ratio of 34.31, a P/E/G ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was up 47.3% compared to the same quarter last year. sell-side analysts expect that Facebook, Inc. will post 5.81 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Salem Investment Counselors Inc. grew its holdings in Facebook by 5.6% in the 3rd quarter. Salem Investment Counselors Inc. now owns 124,433 shares of the social networking company’s stock valued at $21,096,000 after buying an additional 6,609 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Facebook by 23.5% in the 3rd quarter. Moors & Cabot Inc. now owns 20,947 shares of the social networking company’s stock valued at $3,584,000 after buying an additional 3,990 shares in the last quarter. Cypress Capital Group grew its holdings in Facebook by 1.2% in the 3rd quarter. Cypress Capital Group now owns 32,870 shares of the social networking company’s stock valued at $5,616,000 after buying an additional 377 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Facebook in the 3rd quarter valued at $4,637,000. Finally, Cetera Advisor Networks LLC grew its holdings in Facebook by 1.0% in the 3rd quarter. Cetera Advisor Networks LLC now owns 63,840 shares of the social networking company’s stock valued at $10,917,000 after buying an additional 607 shares in the last quarter. Institutional investors and hedge funds own 57.35% of the company’s stock.

Several analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Facebook from $170.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. JMP Securities reissued an “outperform” rating and set a $195.00 price objective (up previously from $170.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $197.95.

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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