Facebook, Inc. (NASDAQ:FB) has been given a consensus rating of “Buy” by the forty-nine analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $199.09.

A number of research analysts have issued reports on FB shares. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a research note on Tuesday, November 7th. Aegis upped their price target on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada upped their price target on shares of Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Barclays PLC upped their price target on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group LLC upped their price target on shares of Facebook to $225.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd.

In related news, CEO Mark Zuckerberg sold 248,984 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $170.69, for a total transaction of $42,499,078.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total transaction of $135,262.50. Following the sale, the vice president now owns 88,091 shares of the company’s stock, valued at $15,887,211.85. The disclosure for this sale can be found here. Insiders sold 8,093,636 shares of company stock valued at $1,405,118,200 over the last quarter. Company insiders own 19.08% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hartford Financial Management Inc. increased its position in shares of Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares during the period. Halbert Hargrove Russell LLC boosted its stake in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after purchasing an additional 19 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after purchasing an additional 21 shares during the period. Finally, Wagner Bowman Management Corp boosted its stake in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 57.35% of the company’s stock.

Facebook (NASDAQ FB) traded down $0.84 during midday trading on Monday, hitting $178.46. 11,070,100 shares of the company traded hands, compared to its average volume of 16,976,990. The company has a market cap of $519,470.00, a price-to-earnings ratio of 34.38, a PEG ratio of 1.14 and a beta of 0.67. Facebook has a 1 year low of $113.55 and a 1 year high of $182.90.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. analysts expect that Facebook will post 5.81 EPS for the current fiscal year.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Analyst Recommendations for Facebook (NASDAQ:FB)

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