Facebook CAO Jas Athwal Sells 1,946 Shares (FB)
Facebook (NASDAQ:FB) CAO Jas Athwal unloaded 1,946 shares of the company’s stock on the open market in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $66.95, for a total value of $130,284.70. Following the transaction, the chief accounting officer now directly owns 130,949 shares of the company’s stock, valued at approximately $8,767,036. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Facebook (NASDAQ:FB) traded up 0.74% on Wednesday, hitting $67.66. The stock had a trading volume of 29,539,754 shares. Facebook has a 52 week low of $25.60 and a 52 week high of $72.59. The stock’s 50-day moving average is $65.02 and its 200-day moving average is $62.56. The company has a market cap of $173.6 billion and a P/E ratio of 87.11. Facebook also was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 42,006,456 shares, a decrease of 7.3% from the June 13th total of 45,336,583 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 39,366,321 shares, the short-interest ratio is currently 1.1 days.
Facebook (NASDAQ:FB) last released its earnings data 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. Analysts expect that Facebook will post $1.43 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Facebook in a research note on Tuesday. Separately, analysts at Tigress Financial downgraded shares of Facebook from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 9th. Finally, analysts at Pivotal Research raised their price target on shares of Facebook from $74.00 to $81.00 in a research note on Wednesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $74.62.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
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