Facebook CFO Sells $1,354,860 in Stock (FB)
Facebook (NASDAQ:FB) CFO David A. Ebersman sold 23,400 shares of Facebook stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.90, for a total transaction of $1,354,860.00. Following the completion of the sale, the chief financial officer now directly owns 276,936 shares of the company’s stock, valued at approximately $16,034,594. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on FB shares. Analysts at Stifel Nicolaus raised their price target on shares of Facebook from $56.00 to $65.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at William Blair reiterated a “positive” rating on shares of Facebook in a research note to investors on Thursday. Finally, analysts at Merrill Lynch reiterated a “buy” rating on shares of Facebook in a research note to investors on Monday, January 6th. Six research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $60.60.
Shares of Facebook (NASDAQ:FB) traded down 3.50% on Monday, hitting $55.91. The stock had a trading volume of 63,106,520 shares. Facebook has a 52-week low of $22.67 and a 52-week high of $58.96. The stock has a 50-day moving average of $52.49 and a 200-day moving average of $43.81. The company has a market cap of $137.2 billion and a P/E ratio of 148.18.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company posted $0.12 earnings per share. Facebook’s revenue was up 59.7% compared to the same quarter last year. On average, analysts predict that Facebook will post $0.84 earnings per share for the current fiscal year.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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