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Facebook (NASDAQ:FB) Insider Christopher K. Cox unloaded 5,934 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $75.73, for a total value of $449,381.82. Following the transaction, the insider now directly owns 580,288 shares in the company, valued at approximately $43,945,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on FB. Analysts at William Blair reiterated an “outperform” rating on shares of Facebook in a research note on Wednesday, August 27th. 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, August 27th. 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 assigned a buy rating to the company’s stock. Facebook has an average rating of “Buy” and an average price target of $80.21.

Shares of Facebook (NASDAQ:FB) traded down 1.11% during mid-day trading on Wednesday, hitting $75.83. 32,367,546 shares of the company’s stock traded hands. Facebook has a one year low of $41.44 and a one year high of $76.74. The stock’s 50-day moving average is $73.02 and its 200-day moving average is $66.08. The company has a market cap of $197.2 billion and a P/E ratio of 81.49. Facebook also was the target of a large 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. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 31,639,979 shares, the days-to-cover ratio is currently 1.1 days.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 60.5% on a year-over-year basis. 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.

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