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Facebook (NASDAQ:FB) VP David B. Fischer sold 18,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $73.04, for a total transaction of $1,314,720.00. Following the completion of the sale, the vice president now directly owns 327,199 shares of the company’s stock, valued at approximately $23,898,615. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on FB shares. 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 analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. Facebook currently has an average rating of “Buy” and a consensus target price of $79.67.

Shares of 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 price-to-earnings ratio of 77.76.

Facebook (NASDAQ:FB) last issued its earnings data on Wednesday, July 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 60.5% on a year-over-year basis. On average, analysts predict that Facebook will post $1.62 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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