Colin Stretch Sells 750 Shares of Facebook, Inc. (NASDAQ:FB) Stock

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $179.60, for a total transaction of $134,700.00. Following the transaction, the vice president now directly owns 100,872 shares in the company, valued at $18,116,611.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, May 8th, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $189.39, for a total transaction of $142,042.50.
  • On Wednesday, May 1st, Colin Stretch sold 750 shares of Facebook stock. The shares were sold at an average price of $194.78, for a total transaction of $146,085.00.
  • On Wednesday, April 24th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $184.49, for a total transaction of $138,367.50.
  • On Wednesday, April 10th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $178.25, for a total transaction of $133,687.50.
  • On Wednesday, March 27th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $167.85, for a total transaction of $125,887.50.
  • On Wednesday, March 20th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $161.50, for a total transaction of $121,125.00.
  • On Wednesday, March 13th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.35, for a total transaction of $129,262.50.
  • On Wednesday, March 6th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $172.60, for a total transaction of $129,450.00.
  • On Wednesday, February 27th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $162.91, for a total transaction of $122,182.50.
  • On Wednesday, February 20th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $162.02, for a total transaction of $121,515.00.

Shares of FB traded down $0.31 during mid-day trading on Friday, hitting $188.34. The company’s stock had a trading volume of 12,521,097 shares, compared to its average volume of 17,275,188. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $548.03 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 1.16 and a beta of 0.93.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.80). Facebook had a net margin of 33.17% and a return on equity of 23.67%. The business had revenue of $15.08 billion during the quarter, compared to the consensus estimate of $14.97 billion. During the same period in the prior year, the company posted $1.69 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. Equities analysts predict that Facebook, Inc. will post 8.05 EPS for the current year.

Several research firms have recently commented on FB. Royal Bank of Canada set a $200.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Canaccord Genuity upped their price target on shares of Facebook from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays upped their price objective on shares of Facebook from $210.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Facebook in a report on Thursday, April 25th. Finally, Robert W. Baird upped their price objective on shares of Facebook from $195.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $206.58.

Several institutional investors and hedge funds have recently bought and sold shares of FB. Benson Investment Management Company Inc. acquired a new position in Facebook during the third quarter worth $2,424,000. Burns J W & Co. Inc. NY increased its stake in shares of Facebook by 3.1% in the third quarter. Burns J W & Co. Inc. NY now owns 19,187 shares of the social networking company’s stock valued at $3,155,000 after buying an additional 569 shares in the last quarter. Optimum Investment Advisors increased its stake in shares of Facebook by 14.6% in the third quarter. Optimum Investment Advisors now owns 25,990 shares of the social networking company’s stock valued at $4,274,000 after buying an additional 3,305 shares in the last quarter. Rockland Trust Co. increased its stake in shares of Facebook by 1.5% in the third quarter. Rockland Trust Co. now owns 57,447 shares of the social networking company’s stock valued at $9,448,000 after buying an additional 833 shares in the last quarter. Finally, Bright Rock Capital Management LLC increased its stake in shares of Facebook by 26.0% in the third quarter. Bright Rock Capital Management LLC now owns 29,050 shares of the social networking company’s stock valued at $4,778,000 after buying an additional 6,000 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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