Published On: Fri, Sep 16th, 2016

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 on Tuesday, September 13th. The stock was sold at an average price of $127.26, for a total transaction of $95,445.00. Following the completion of the transaction, the vice president now directly owns 86,890 shares in the company, valued at approximately $11,057,621.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Colin Stretch also recently made the following trade(s):

On Tuesday, August 30th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $126.60, for a total transaction of $94,950.00.
On Friday, August 26th, Colin Stretch sold 400 shares of Facebook stock. The stock was sold at an average price of $125.00, for a total transaction of $50,000.00.
On Tuesday, August 23rd, Colin Stretch sold 10,350 shares of Facebook stock. The stock was sold at an average price of $125.00, for a total transaction of $1,293,750.00.
On Monday, August 15th, Colin Stretch sold 14,114 shares of Facebook stock. The stock was sold at an average price of $124.07, for a total transaction of $1,751,123.98.

Shares of Facebook Inc. (NASDAQ:FB) opened at 128.35 on Friday. The firm has a 50-day moving average of $125.56 and a 200-day moving average of $117.48. Facebook Inc. has a one year low of $85.72 and a one year high of $131.98. The company has a market capitalization of $368.58 billion, a P/E ratio of 61.35 and a beta of 0.76.

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Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the business posted $0.50 EPS. Facebook’s revenue for the quarter was up 59.2% compared to the same quarter last year. Analysts forecast that Facebook Inc. will post $3.94 earnings per share for the current year.
A number of research analysts recently commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $170.00 target price on shares of Facebook in a research note on Friday, September 9th. Robert W. Baird reissued an “outperform” rating and issued a $155.00 target price on shares of Facebook in a research note on Tuesday, September 6th. Vetr cut Facebook from a “buy” rating to a “hold” rating and set a $134.63 target price on the stock. in a research note on Tuesday, September 6th. Morgan Stanley increased their target price on Facebook from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, September 7th. Finally, William Blair reissued an “outperform” rating on shares of Facebook in a research note on Sunday, September 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $149.25.
Several hedge funds have recently added to or reduced their stakes in the company. Vaughan David Investments Inc. IL raised its stake in Facebook by 0.6% in the second quarter. Vaughan David Investments Inc. IL now owns 2,589 shares of the social networking company’s stock worth $296,000 after buying an additional 15 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock worth $140,000 after buying an additional 18 shares during the last quarter. Roberts Glore & Co. Inc. IL raised its stake in Facebook by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,044 shares of the social networking company’s stock worth $234,000 after buying an additional 25 shares during the last quarter. Tortoise Investment Management LLC raised its stake in Facebook by 2.2% in the second quarter. Tortoise Investment Management LLC now owns 1,402 shares of the social networking company’s stock worth $160,000 after buying an additional 30 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in Facebook by 0.3% in the second quarter. Brighton Jones LLC now owns 14,266 shares of the social networking company’s stock worth $1,630,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 56.89% of the company’s stock.
Facebook Company Profile
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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