Insider Selling: David M. Wehner Sells 11,533 Shares of Facebook Stock (FB)
Facebook (NASDAQ:FB) CFO David M. Wehner sold 11,533 shares of Facebook stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $74.96, for a total value of $864,513.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. Facebook has an average rating of “Buy” and a consensus target price of $80.08.
Shares of Facebook (NASDAQ:FB) remained flat at $74.57 during trading on Friday. The stock had a trading volume of 20,897,392 shares. Facebook has a 52-week low of $39.42 and a 52-week high of $76.74. The stock’s 50-day moving average is $71.24 and its 200-day moving average is $65.51. The company has a market cap of $193.9 billion and a P/E ratio of 79.25.
Facebook (NASDAQ:FB) last posted its quarterly earnings results 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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