Facebook CTO Michael Todd Schroepfer Sells 9,787 Shares (FB)
Facebook (NASDAQ:FB) CTO Michael Todd Schroepfer unloaded 9,787 shares of Facebook stock on the open market in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $66.92, for a total value of $654,946.04. Following the completion of the transaction, the chief technology officer now directly owns 341,929 shares of the company’s stock, valued at approximately $22,881,889. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Facebook (NASDAQ:FB) opened at 68.06 on Thursday. Facebook has a 1-year low of $22.67 and a 1-year 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 drop in short interest in January. As of January 31st, there was short interest totalling 34,175,129 shares, a drop of 22.3% from the January 15th total of 43,981,885 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 67,809,086 shares, the days-to-cover ratio is currently 0.5 days.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, January 29th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Facebook will post $1.25 EPS for the current fiscal year.
A number of research firms have recently commented on FB. 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 equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company currently has a consensus 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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