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

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

Facebook Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $119.30, for a total transaction of $89,475.00. Following the sale, the vice president now owns 89,959 shares of the company’s stock, valued at $10,732,108.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

Facebook Inc. (NASDAQ:FB) opened at 117.27 on Tuesday. The stock has a market capitalization of $337.99 billion, a P/E ratio of 45.21 and a beta of 0.68. The firm’s 50-day moving average is $119.15 and its 200 day moving average is $122.53. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $133.50.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 55.8% on a year-over-year basis. Equities analysts expect that Facebook Inc. will post $4.09 EPS for the current year.

A number of analysts have recently weighed in on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $162.00 target price on shares of Facebook in a report on Saturday, October 22nd. Jefferies Group reiterated a “buy” rating and set a $170.00 target price on shares of Facebook in a report on Sunday, October 23rd. Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Facebook in a research note on Friday, October 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 price target on shares of Facebook in a research note on Monday, October 31st. Finally, MKM Partners reissued a “buy” rating and issued a $165.00 price target on shares of Facebook in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-four have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $149.80.

Institutional investors have recently made changes to their positions in the stock. BP PLC boosted its position in shares of Facebook by 6.3% in the second quarter. BP PLC now owns 269,000 shares of the social networking company’s stock worth $30,741,000 after buying an additional 16,000 shares during the last quarter. Shelton Capital Management boosted its position in shares of Facebook by 1.8% in the second quarter. Shelton Capital Management now owns 225,224 shares of the social networking company’s stock worth $25,739,000 after buying an additional 4,031 shares during the last quarter. First Quadrant L P CA boosted its position in shares of Facebook by 1.4% in the third quarter. First Quadrant L P CA now owns 241,642 shares of the social networking company’s stock worth $30,995,000 after buying an additional 3,430 shares during the last quarter. Northeast Investment Management boosted its position in shares of Facebook by 5.6% in the third quarter. Northeast Investment Management now owns 198,581 shares of the social networking company’s stock worth $25,472,000 after buying an additional 10,608 shares during the last quarter. Finally, Dorsey Wright & Associates boosted its position in shares of Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock worth $6,162,000 after buying an additional 2,275 shares during the last quarter. 56.09% of the stock is currently owned by institutional investors and hedge funds.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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