Share on StockTwits

Facebook (NASDAQ:FB) Director Peter Thiel unloaded 380,560 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $74.82, for a total value of $28,473,499.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on FB shares. 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 analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $80.21.

Shares of Facebook (NASDAQ:FB) traded up 1.31% on Friday, hitting $74.82. 26,241,162 shares of the company’s stock traded hands. Facebook has a 52 week low of $41.44 and a 52 week high of $76.74. The stock has a 50-day moving average of $72.52 and a 200-day moving average of $65.94. The company has a market cap of $194.5 billion and a price-to-earnings ratio of 78.49. Facebook also saw a large decline in short interest in 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. Based on an average trading volume of 31,639,979 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.8% of the company’s shares are short sold.

Facebook (NASDAQ:FB) last released its 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. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.