Insider Selling: Facebook CFO Sells 58,714 Shares of Stock (FB)
Facebook (NASDAQ:FB) CFO David A. Ebersman sold 58,714 shares of Facebook stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $66.86, for a total transaction of $3,925,618.04. Following the transaction, the chief financial officer now directly owns 340,131 shares in the company, valued at approximately $22,741,159. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.32.
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 price-to-earnings ratio of 110.15. Facebook also was the target of 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 short-interest ratio is presently 0.5 days. Currently, 1.9% of the shares of the company are sold short.
Facebook (NASDAQ:FB) last posted its quarterly earnings results 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.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
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