UBS Group set a $215.00 price objective on Facebook (NASDAQ:FB) in a report issued on Thursday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the social networking company’s stock.

Several other equities research analysts have also issued reports on the stock. Goldman Sachs Group set a $205.00 price objective on shares of Facebook and gave the company a buy rating in a research note on Friday, October 20th. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the company a buy rating in a research note on Thursday, November 2nd. Needham & Company LLC lifted their price objective on shares of Facebook from $185.00 to $215.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the company a buy rating in a research note on Monday, October 30th. Finally, Canaccord Genuity lifted their price objective on shares of Facebook from $190.00 to $200.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the company. Facebook has an average rating of Buy and a consensus price target of $203.72.

Facebook (NASDAQ FB) traded down $8.40 during trading on Thursday, hitting $179.37. 77,414,971 shares of the stock traded hands, compared to its average volume of 21,170,154. Facebook has a fifty-two week low of $126.78 and a fifty-two week high of $188.90. The stock has a market cap of $521,210.00, a PE ratio of 33.34, a P/E/G ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the company posted $1.09 EPS. Facebook’s revenue was up 47.3% on a year-over-year basis. research analysts expect that Facebook will post 5.86 EPS for the current year.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total value of $129,322.50. Following the sale, the vice president now owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the completion of the sale, the insider now directly owns 172,871 shares in the company, valued at approximately $30,286,999.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,182,199 shares of company stock worth $752,724,430. Insiders own 17.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FB. Hartford Financial Management Inc. grew its stake in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares during the last quarter. Regal Investment Advisors LLC grew its stake in Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares during the last quarter. Halbert Hargrove Russell LLC grew its stake in Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares during the last quarter. Finally, Aspen Investment Management Inc grew its stake in Facebook by 0.4% during the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after buying an additional 30 shares during the last quarter. 57.75% of the stock is currently owned by institutional investors and hedge funds.

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About Facebook

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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