Facebook CAO Sells $776,941 in Stock (FB)
Facebook (NASDAQ:FB) CAO Jas Athwal sold 11,610 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $66.92, for a total transaction of $776,941.20. Following the completion of the transaction, the chief accounting officer now directly owns 136,604 shares of the company’s stock, valued at approximately $9,141,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Facebook (NASDAQ:FB) opened at 68.06 on Thursday. Facebook has a 52 week low of $22.67 and a 52 week high of $69.08. The stock has a 50-day moving average of $59.72 and a 200-day moving average of $50.19. The company has a market cap of $173.5 billion and a P/E ratio of 110.15. Facebook also saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 34,175,129 shares, a decline of 22.3% from the January 15th total of 43,981,885 shares. Based on an average daily trading volume, of 67,809,086 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.9% of the company’s shares are short sold.
Facebook (NASDAQ:FB) last released its earnings data 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. On average, analysts predict that Facebook will post $1.25 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FB shares. Analysts at TheStreet reiterated a “hold” rating on shares of Facebook in a research note on Tuesday. Separately, analysts at Zacks downgraded shares of Facebook from an “outperform” rating to a “neutral” rating in a research note on Friday, February 7th. They now have a $65.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Facebook from $63.00 to $73.00 in a research note on Monday, February 3rd. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $68.32.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
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