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Facebook (NASDAQ:FB) CFO David A. Ebersman sold 23,400 shares of the company’s stock on the open market in a transaction dated Friday, February 21st. The shares were sold at an average price of $68.68, for a total transaction of $1,607,112.00. Following the completion of the sale, the chief financial officer now directly owns 316,731 shares in the company, valued at approximately $21,753,085. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Facebook (NASDAQ:FB) traded down 1.49% during mid-day trading on Friday, hitting $68.59. 70,991,888 shares of the company’s stock traded hands. Facebook has a 1-year low of $22.67 and a 1-year high of $70.11. The stock’s 50-day moving average is $60.42 and its 200-day moving average is $50.54. The company has a market cap of $174.9 billion and a price-to-earnings ratio of 113.96.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 63.1% on a year-over-year basis. On average, analysts predict that Facebook will post $1.26 earnings per share for the current fiscal year.

A number of research firms have recently commented on FB. Analysts at Janney Montgomery Scott raised their price target on shares of Facebook to $71.00 in a research note on Friday. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of Facebook in a research note on Thursday. Finally, analysts at Nomura reiterated a “positive” rating on shares of Facebook in a research note on Thursday. Nine analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $67.81.

Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.

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