Facebook, Inc. (FB) VP Colin Stretch Sells 750 Shares

Share on StockTwits

Facebook, Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $180.08, for a total value of $135,060.00. Following the sale, the vice president now directly owns 97,872 shares of the company’s stock, valued at approximately $17,624,789.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, May 8th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $189.39, for a total value of $142,042.50.
  • On Wednesday, May 1st, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $194.78, for a total value 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 value of $138,367.50.
  • On Wednesday, April 17th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $179.60, for a total value of $134,700.00.
  • 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 value 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 value 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 value 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 value 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 value 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 value of $122,182.50.

Shares of FB traded down $1.69 during trading hours on Friday, hitting $185.30. 9,146,912 shares of the stock were exchanged, compared to its average volume of 18,808,918. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.38 and a current ratio of 5.38. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $218.62. The stock has a market capitalization of $541.11 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.14 and a beta of 0.93.

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

Several institutional investors and hedge funds have recently modified their holdings of FB. First Dallas Securities Inc. grew its holdings in Facebook by 6.9% in the 1st quarter. First Dallas Securities Inc. now owns 2,175 shares of the social networking company’s stock valued at $363,000 after buying an additional 140 shares in the last quarter. B. Riley Wealth Management Inc. grew its holdings in Facebook by 5.3% in the 1st quarter. B. Riley Wealth Management Inc. now owns 31,905 shares of the social networking company’s stock valued at $5,319,000 after buying an additional 1,598 shares in the last quarter. Horizon Investments LLC grew its holdings in Facebook by 150.4% in the 1st quarter. Horizon Investments LLC now owns 10,660 shares of the social networking company’s stock valued at $1,777,000 after buying an additional 6,402 shares in the last quarter. Merit Financial Group LLC grew its holdings in Facebook by 6.5% in the 1st quarter. Merit Financial Group LLC now owns 3,025 shares of the social networking company’s stock valued at $504,000 after buying an additional 185 shares in the last quarter. Finally, EMS Capital LP purchased a new stake in Facebook in the 1st quarter valued at $91,164,000. Hedge funds and other institutional investors own 60.22% of the company’s stock.

A number of research analysts have issued reports on FB shares. Robert W. Baird boosted their price target on Facebook from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Nomura boosted their price target on Facebook from $215.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, April 25th. BidaskClub raised Facebook from a “hold” rating to a “buy” rating in a report on Friday, April 5th. DZ Bank raised Facebook from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, Bank of America reissued a “buy” rating and issued a $187.00 price target (down from $205.00) on shares of Facebook in a report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and forty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $206.58.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://weekherald.com/2019/05/17/facebook-inc-fb-vp-colin-stretch-sells-750-shares.html.

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.

Featured Article: What are popular range trading strategies?

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.