Facebook Inc. (NASDAQ:FB) had its price target lifted by investment analysts at Citigroup Inc. from $148.00 to $158.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the social networking company’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 22.82% from the company’s current price.

A number of other analysts have also recently issued reports on FB. Ladenburg Thalmann initiated coverage on shares of Facebook in a research note on Wednesday, May 25th. They set a “buy” rating for the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Facebook in a research report on Sunday, May 22nd. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $170.00 price target on shares of Facebook in a research report on Sunday, May 22nd. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Facebook in a research report on Sunday, May 22nd. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating and set a $135.00 price target on shares of Facebook in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company. Facebook has an average rating of “Buy” and a consensus price target of $149.45.

Analyst Recommendations for Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) opened at 128.64 on Monday. The firm has a market cap of $369.41 billion, a price-to-earnings ratio of 61.49 and a beta of 0.76. Facebook has a 52-week low of $85.72 and a 52-week high of $131.98. The firm has a 50-day moving average of $125.93 and a 200 day moving average of $118.04.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The company’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. On average, equities research analysts forecast that Facebook will post $3.94 earnings per share for the current year.

In other Facebook news, VP Colin Stretch sold 400 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $125.00, for a total transaction of $50,000.00. Following the completion of the sale, the vice president now directly owns 88,940 shares in the company, valued at approximately $11,117,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jan Koum sold 19,534 shares of the business’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $115.01, for a total value of $2,246,605.34. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FB. RNC Capital Management LLC purchased a new stake in Facebook during the first quarter worth about $364,000. F&V Capital Management LLC purchased a new stake in Facebook during the first quarter worth about $317,000. Benjamin F. Edwards & Company Inc. increased its stake in Facebook by 12.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 12,053 shares of the social networking company’s stock worth $1,375,000 after buying an additional 1,357 shares in the last quarter. Heritage Investors Management Corp increased its stake in Facebook by 2.2% in the first quarter. Heritage Investors Management Corp now owns 2,944 shares of the social networking company’s stock worth $336,000 after buying an additional 62 shares in the last quarter. Finally, Webster Bank N. A. increased its stake in Facebook by 8.9% in the first quarter. Webster Bank N. A. now owns 25,024 shares of the social networking company’s stock worth $2,856,000 after buying an additional 2,039 shares in the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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