Share on StockTwits

Facebook (NASDAQ:FB) COO Sheryl Sandberg unloaded 283,334 shares of Facebook stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $74.99, for a total value of $21,247,216.66. Following the transaction, the chief operating officer now directly owns 6,511,945 shares of the company’s stock, valued at approximately $488,330,756. The transaction was disclosed in a legal 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 William Blair reiterated an “outperform” rating on shares of Facebook in a research note on Wednesday. They now have a $82.50 price target on the stock, up previously from $74.84. They noted that the move was a valuation call. Separately, analysts at Janney Montgomery Scott downgraded shares of Facebook from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $82.50 price target on the stock. Finally, 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. 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 an average rating of “Buy” and a consensus target price of $80.21.

Shares of Facebook (NASDAQ:FB) traded down 1.75% during mid-day trading on Wednesday, hitting $74.63. 36,323,060 shares of the company’s stock traded hands. Facebook has a one year low of $40.80 and a one year high of $76.74. The stock’s 50-day moving average is $72.06 and its 200-day moving average is $65.8. The company has a market cap of $194.0 billion and a P/E ratio of 80.72. Facebook also was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 35,303,147 shares, a decline of 6.5% from the July 31st total of 37,776,463 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily volume of 31,639,979 shares, the short-interest ratio is currently 1.1 days.

Facebook (NASDAQ:FB) last announced its 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. 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.

Receive News & Ratings for Facebook Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.