William Blair restated their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note published on Thursday.

FB has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $162.00 price objective on shares of Facebook in a research report on Saturday, October 22nd. Jefferies Group reaffirmed a buy rating and set a $170.00 price objective on shares of Facebook in a research report on Sunday, October 23rd. Wedbush reaffirmed an outperform rating and set a $162.00 price objective on shares of Facebook in a research report on Friday, October 28th. Cantor Fitzgerald reaffirmed a buy rating and set a $160.00 price objective on shares of Facebook in a research report on Monday, October 31st. Finally, MKM Partners reaffirmed a buy rating and set a $165.00 price objective on shares of Facebook in a research report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-three have given a buy rating and four have assigned a strong buy rating to the company. Facebook has an average rating of Buy and a consensus target price of $149.50.

Analyst Recommendations for Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) traded up 1.36% during trading on Thursday, hitting $128.34. The company had a trading volume of 24,786,725 shares. The stock has a market capitalization of $369.90 billion, a price-to-earnings ratio of 49.48 and a beta of 0.66. The company’s 50 day moving average price is $118.78 and its 200-day moving average price is $122.79. Facebook has a 1-year low of $89.37 and a 1-year high of $133.50.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. The company earned $7 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The firm’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, analysts expect that Facebook will post $4.10 EPS for the current year.

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In other Facebook news, insider Christopher K. Cox sold 52,817 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $127.86, for a total value of $6,753,181.62. Following the completion of the transaction, the insider now owns 390,533 shares in the company, valued at $49,933,549.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Sheryl Sandberg sold 148,104 shares of the business’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $128.56, for a total transaction of $19,040,250.24. Following the completion of the transaction, the chief operating officer now owns 4,215,948 shares of the company’s stock, valued at approximately $542,002,274.88. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

Several institutional investors have recently bought and sold shares of FB. Capital World Investors increased its position in Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock valued at $3,786,244,000 after buying an additional 9,686,624 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Facebook during the third quarter valued at approximately $947,480,000. Third Point LLC acquired a new position in Facebook during the second quarter valued at approximately $428,550,000. Vanguard Group Inc. increased its position in Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock valued at $15,940,195,000 after buying an additional 3,400,653 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock valued at $9,456,572,000 after buying an additional 2,402,049 shares during the period. Institutional investors and hedge funds own 56.17% 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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