Facebook CFO Sells $1,459,224 in Stock (FB)
Facebook (NASDAQ:FB) CFO David A. Ebersman sold 23,400 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $62.36, for a total transaction of $1,459,224.00. Following the transaction, the chief financial officer now directly owns 286,345 shares of the company’s stock, valued at approximately $17,856,474. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Facebook from $63.00 to $73.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Facebook from $62.00 to $72.00 in a research note to investors on Thursday, January 30th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Facebook to $67.00 in a research note to investors on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $68.16.
Facebook (NASDAQ:FB) last announced its 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 last year, the company posted $0.17 earnings per share. Facebook’s revenue was up 63.1% compared to the same quarter last year.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
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