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Facebook (NASDAQ:FB) Director Marc L. Andreessen sold 1,274,869 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.23, for a total value of $78,060,228.87. The transaction was disclosed in a document filed with the SEC, which is available at this link.

FB has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Facebook from $63.00 to $73.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Facebook from $62.00 to $72.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Facebook to $67.00 in a research note to investors on Thursday. Six investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Facebook has an average rating of “Buy” and a consensus price target of $68.16.

Facebook (NASDAQ:FB) traded down 1.74% during mid-day trading on Monday, hitting $61.48. The stock had a trading volume of 75,105,992 shares. Facebook has a 1-year low of $22.67 and a 1-year high of $63.77. The stock’s 50-day moving average is $56.62 and its 200-day moving average is $47.5. The company has a market cap of $151.1 billion and a price-to-earnings ratio of 104.28.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the company posted $0.17 earnings per share. Facebook’s revenue was up 63.1% compared to the same quarter last year. Analysts expect that Facebook will post $1.24 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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