Facebook Insider Christopher K. Cox Unloads 5,936 Shares (FB)
Facebook (NASDAQ:FB) Insider Christopher K. Cox sold 5,936 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $63.22, for a total value of $375,273.92. Following the transaction, the insider now directly owns 580,286 shares of the company’s stock, valued at approximately $36,685,681. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Facebook in a research note on Wednesday, May 28th. They now have a $67.00 price target on the stock. Separately, analysts at Evercore Partners upgraded shares of Facebook from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 22nd. They now have a $75.00 price target on the stock, up previously from $69.00. They noted that the move was a valuation call. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Facebook in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.89.
Facebook (NASDAQ:FB) traded down 0.33% on Tuesday, hitting $62.87. The stock had a trading volume of 32,216,708 shares. Facebook has a 52-week low of $22.67 and a 52-week high of $72.59. The stock has a 50-day moving average of $59.9 and a 200-day moving average of $59.33. The company has a market cap of $161.3 billion and a price-to-earnings ratio of 81.82.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 71.6% on a year-over-year basis. On average, analysts predict that Facebook will post $1.43 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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