Robert W. Baird reiterated their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a research report sent to investors on Thursday morning.

FB has been the topic of a number of other research reports. Piper Jaffray Companies restated an overweight rating and issued a $185.00 price target on shares of Facebook in a research report on Wednesday, October 5th. Nomura restated a buy rating and issued a $155.00 price target on shares of Facebook in a research report on Tuesday, October 18th. Mizuho restated a buy rating and issued a $150.00 price target on shares of Facebook in a research report on Tuesday, October 4th. Canaccord Genuity restated a buy rating and issued a $150.00 price target on shares of Facebook in a research report on Tuesday, January 3rd. Finally, Cantor Fitzgerald restated a buy rating and issued a $170.00 price target on shares of Facebook in a research report on Saturday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-three have assigned a buy rating and four have given a strong buy rating to the stock. 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% on Thursday, reaching $128.34. 24,786,725 shares of the company’s stock were exchanged. The company has a market cap of $369.90 billion, a price-to-earnings ratio of 49.48 and a beta of 0.66. Facebook has a 52 week low of $89.37 and a 52 week high of $133.50. The stock’s 50 day moving average is $118.78 and its 200 day moving average is $122.79.

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

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In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $128.78, for a total value of $96,585.00. Following the transaction, the vice president now directly owns 82,940 shares in the company, valued at approximately $10,681,013.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Todd Schroepfer sold 37,994 shares of the company’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $124.79, for a total value of $4,741,271.26. Following the completion of the transaction, the insider now owns 434,081 shares in the company, valued at $54,168,967.99. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Banced Corp raised its position in shares of Facebook by 1.9% in the second quarter. Banced Corp now owns 11,813 shares of the social networking company’s stock worth $1,062,000 after buying an additional 216 shares in the last quarter. 1st Global Advisors Inc. raised its position in shares of Facebook by 4.8% in the second quarter. 1st Global Advisors Inc. now owns 13,759 shares of the social networking company’s stock worth $1,572,000 after buying an additional 625 shares in the last quarter. Meristem LLP raised its position in shares of Facebook by 5.4% in the second quarter. Meristem LLP now owns 2,051 shares of the social networking company’s stock worth $234,000 after buying an additional 106 shares in the last quarter. P.R. Herzig & Co. Inc. acquired a new position in shares of Facebook during the second quarter worth $377,000. Finally, IBM Retirement Fund raised its position in shares of Facebook by 4.2% in the second quarter. IBM Retirement Fund now owns 295,589 shares of the social networking company’s stock worth $34,789,000 after buying an additional 11,954 shares in the last quarter. 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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