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Facebook (NASDAQ:FB) Insider Christopher K. Cox sold 41,404 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $74.98, for a total transaction of $3,104,471.92. Following the transaction, the insider now directly owns 574,851 shares of the company’s stock, valued at approximately $43,102,328. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Facebook (NASDAQ:FB) traded down 1.75% during mid-day trading on Wednesday, hitting $74.63. 36,304,492 shares of the company’s stock traded hands. Facebook has a 1-year low of $39.88 and a 1-year high of $76.74. The stock has a 50-day moving average of $71.73 and a 200-day moving average of $65.80. The company has a market cap of $194.0 billion and a price-to-earnings ratio of 80.72. Facebook also was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 35,303,147 shares, a drop 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 currently 1.1 days. Approximately 1.8% of the company’s stock are sold short.

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.

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 research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $80.21.

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

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