Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $171.21, for a total value of $128,407.50. Following the completion of the sale, the vice president now owns 93,930 shares of the company’s stock, valued at $16,081,755.30. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, January 30th, Colin Stretch sold 9,000 shares of Facebook stock. The shares were sold at an average price of $150.00, for a total value of $1,350,000.00.

Shares of FB stock traded up $0.95 during trading hours on Friday, hitting $167.33. 12,489,293 shares of the company were exchanged, compared to its average volume of 23,283,362. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62. The stock has a market capitalization of $495.27 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.00 and a beta of 0.93.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.18 by $0.20. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The business had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.40 billion. During the same quarter last year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, equities research analysts expect that Facebook, Inc. will post 7.55 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Sun Life Financial INC increased its stake in shares of Facebook by 0.9% in the fourth quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 60 shares during the period. Valmark Advisers Inc. increased its stake in shares of Facebook by 3.5% in the fourth quarter. Valmark Advisers Inc. now owns 1,904 shares of the social networking company’s stock valued at $250,000 after purchasing an additional 65 shares during the period. Gs Investments Inc. increased its stake in shares of Facebook by 0.3% in the fourth quarter. Gs Investments Inc. now owns 19,942 shares of the social networking company’s stock valued at $2,614,000 after purchasing an additional 65 shares during the period. Versant Capital Management Inc increased its stake in shares of Facebook by 3.0% in the fourth quarter. Versant Capital Management Inc now owns 2,826 shares of the social networking company’s stock valued at $370,000 after purchasing an additional 82 shares during the period. Finally, Glassman Wealth Services increased its stake in shares of Facebook by 4.1% in the fourth quarter. Glassman Wealth Services now owns 2,101 shares of the social networking company’s stock valued at $275,000 after purchasing an additional 83 shares during the period. 58.12% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. Wedbush lowered their price target on Facebook to $200.00 and set a “buy” rating for the company in a report on Monday. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a report on Monday. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Argus reissued a “buy” rating on shares of Facebook in a research report on Friday, February 1st. Finally, CIBC reissued an “outperform” rating and issued a $195.00 price objective (up from $185.00) on shares of Facebook in a research report on Thursday, January 31st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $190.62.

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About Facebook

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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