Insider Selling: Facebook CTO Unloads 130,181 Shares of Stock (FB)
Facebook (NASDAQ:FB) CTO Michael Todd Schroepfer unloaded 130,181 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.49, for a total value of $9,697,182.69. Following the transaction, the chief technology officer now directly owns 270,401 shares in the company, valued at approximately $20,142,170. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
FB has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Facebook in a research note on Wednesday, August 13th. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Facebook from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $87.00 price target on the stock. Finally, 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. Seven investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $80.08.
Facebook (NASDAQ:FB) traded up 0.16% on Thursday, hitting $74.931. The stock had a trading volume of 2,959,176 shares. Facebook has a 1-year low of $38.34 and a 1-year high of $76.74. The stock has a 50-day moving average of $70.87 and a 200-day moving average of $65.42. The company has a market cap of $194.8 billion and a P/E ratio of 79.50.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.19 earnings per share. Facebook’s revenue was up 60.5% compared to the same quarter last year. 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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