Facebook Inc. (NASDAQ:FB) has been given a $155.00 target price by stock analysts at Robert W. Baird in a report issued on Thursday. The brokerage currently has a a “buy” rating on the social networking company’s stock. Robert W. Baird’s target price would suggest a potential upside of 25.67% from the stock’s current price.
FB has been the topic of a number of other reports. Bank of America Corp. reissued a “buy” rating on shares of Facebook in a report on Tuesday, April 12th. JPMorgan Chase & Co. reissued a “buy” rating and set a $136.00 target price on shares of Facebook in a report on Thursday, April 7th. Wedbush reissued a “buy” rating and set a $128.00 target price on shares of Facebook in a report on Wednesday, April 20th. Monness Crespi & Hardt reissued a “buy” rating on shares of Facebook in a report on Wednesday, April 13th. Finally, Ladenburg Thalmann initiated coverage on Facebook in a report on Wednesday, May 25th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $146.00.
A number of institutional investors recently made changes to their positions in FB. Carroll Financial Associates Inc. boosted its position in shares of Facebook by 3.0% in the second quarter. Carroll Financial Associates Inc. now owns 1,540 shares of the social networking company’s stock worth $175,000 after buying an additional 45 shares in the last quarter. RMB Capital Management LLC boosted its position in shares of Facebook by 1.0% in the first quarter. RMB Capital Management LLC now owns 4,968 shares of the social networking company’s stock worth $567,000 after buying an additional 48 shares in the last quarter. Appropriate Balance Financial Services Inc. boosted its position in shares of Facebook by 0.5% in the second quarter. Appropriate Balance Financial Services Inc. now owns 9,466 shares of the social networking company’s stock worth $1,081,000 after buying an additional 49 shares in the last quarter. FirstMerit Bank N A Trustee boosted its position in shares of Facebook by 2.1% in the second quarter. FirstMerit Bank N A Trustee now owns 2,980 shares of the social networking company’s stock worth $341,000 after buying an additional 60 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its position in shares of 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.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue was up 59.2% compared to the same quarter last year. Equities analysts expect that Facebook will post $3.57 earnings per share for the current fiscal year.
In related news, Director Susan Desmond-Hellmann sold 625 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $119.52, for a total value of $74,700.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $121.08, for a total value of $1,888,848.00. Following the completion of the transaction, the insider now directly owns 388,392 shares in the company, valued at $47,026,503.36. The disclosure for this sale can be found here.
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.
