Insider Selling: Facebook COO Sells 283,334 Shares of Stock (FB)
Facebook (NASDAQ:FB) COO Sheryl Sandberg unloaded 283,334 shares of Facebook stock on the open market in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $54.74, for a total transaction of $15,509,703.16. Following the completion of the transaction, the chief operating officer now directly owns 10,345,087 shares in the company, valued at approximately $566,290,062. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Facebook (NASDAQ:FB) traded down 2.92% on Wednesday, hitting $53.53. The stock had a trading volume of 97,948,520 shares. Facebook has a 1-year low of $22.67 and a 1-year high of $59.31. The stock’s 50-day moving average is $55.59 and its 200-day moving average is $46.62. The company has a market cap of $131.4 billion and a price-to-earnings ratio of 141.02.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 63.1% on a year-over-year basis. Analysts expect that Facebook will post $0.84 EPS for the current fiscal year.
A number of analysts have recently weighed in on FB shares. Analysts at Cowen and Company reiterated a “positive” rating on shares of Facebook in a research note to investors on Tuesday. Separately, analysts at Cantor Fitzgerald reiterated an “in-line” rating on shares of Facebook in a research note to investors on Monday. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Facebook in a research note to investors on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.78.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.