Insider Selling: David B. Fischer Sells 36,000 Shares of Facebook Stock (FB)
Facebook (NASDAQ:FB) VP David B. Fischer sold 36,000 shares of Facebook stock on the open market in a transaction dated Thursday, February 20th. The stock was sold at an average price of $67.39, for a total transaction of $2,426,040.00. Following the sale, the vice president now directly owns 486,796 shares of the company’s stock, valued at approximately $32,805,182. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Facebook to $71.00 in a research note on Friday. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of Facebook in a research note on Thursday. Finally, analysts at Nomura reiterated a “positive” rating on shares of Facebook in a research note on Thursday. Nine analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.81.
Facebook (NASDAQ:FB) traded down 1.49% during mid-day trading on Friday, hitting $68.59. The stock had a trading volume of 70,991,888 shares. Facebook has a 52 week low of $22.67 and a 52 week high of $70.11. The stock’s 50-day moving average is $60.42 and its 200-day moving average is $50.54. The company has a market cap of $174.9 billion and a P/E ratio of 113.96.
Facebook (NASDAQ:FB) last announced its 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. On average, analysts predict that Facebook will post $1.26 earnings per share 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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