Facebook VP Sells $2,634,840 in Stock (FB)
Facebook (NASDAQ:FB) VP David B. Fischer sold 36,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $73.19, for a total value of $2,634,840.00. Following the completion of the sale, the vice president now directly owns 327,199 shares in the company, valued at approximately $23,947,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Facebook from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $87.00 price target on the stock. Separately, analysts at S&P Equity Research reiterated an “average” rating on shares of Facebook in a research note on Friday, July 25th. They now have a $3.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Facebook in a research note on Thursday, July 24th. They now have a $82.00 price target on the stock, up previously from $78.00. Seven investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $79.67.
Facebook (NASDAQ:FB) traded down 0.15% on Friday, hitting $73.06. The stock had a trading volume of 27,202,324 shares. Facebook has a 52-week low of $36.02 and a 52-week high of $76.74. The stock’s 50-day moving average is $69.17 and its 200-day moving average is $64.38. The company has a market cap of $190.0 billion and a P/E ratio of 77.76.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.10. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 60.5% on a year-over-year basis. Analysts expect that Facebook will post $1.62 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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