Facebook, Inc. (NASDAQ:FB) PT Raised to $200.00

Facebook, Inc. (NASDAQ:FB) had its target price boosted by Canaccord Genuity from $190.00 to $200.00 in a research note published on Thursday, November 2nd. They currently have a buy rating on the social networking company’s stock.

A number of other research firms have also recently weighed in on FB. Aegis lifted their price objective on Facebook from $200.00 to $215.00 and gave the company a buy rating in a research report on Wednesday, November 1st. Royal Bank Of Canada boosted their price target on Facebook from $195.00 to $230.00 and gave the stock an outperform rating in a report on Thursday, November 2nd. Barclays PLC boosted their price target on Facebook from $200.00 to $215.00 and gave the stock an overweight rating in a report on Thursday, November 2nd. Jefferies Group LLC boosted their price target on Facebook to $225.00 and gave the stock a buy rating in a report on Thursday, November 2nd. Finally, Citigroup Inc. boosted their price target on Facebook from $200.00 to $210.00 and gave the stock a buy rating in a report on Thursday, November 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $197.95.

Facebook (NASDAQ:FB) traded down $0.70 during mid-day trading on Thursday, hitting $178.07. The stock had a trading volume of 9,548,899 shares, compared to its average volume of 16,909,369. Facebook has a 12-month low of $114.00 and a 12-month high of $182.90. The stock has a market cap of $517,440.00, a PE ratio of 34.44, a P/E/G ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm 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 firm earned $1.09 EPS. The business’s quarterly revenue was up 47.3% on a year-over-year basis. equities analysts predict that Facebook will post 5.81 earnings per share for the current year.

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In related news, VP David B. Fischer sold 4,699 shares of Facebook stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total value of $135,262.50. Following the transaction, the vice president now owns 88,091 shares in the company, valued at approximately $15,887,211.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,890,410 shares of company stock worth $859,895,025. Company insiders own 19.08% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. increased its stake in Facebook by 654.8% during the third quarter. Coldstream Capital Management Inc. now owns 67,115 shares of the social networking company’s stock worth $11,468,000 after acquiring an additional 58,223 shares during the last quarter. DF Dent & Co. Inc. acquired a new stake in Facebook during the third quarter worth $316,000. Griffin Asset Management Inc. increased its stake in Facebook by 602.3% during the third quarter. Griffin Asset Management Inc. now owns 11,237 shares of the social networking company’s stock worth $1,920,000 after acquiring an additional 9,637 shares during the last quarter. TRB Advisors LP increased its stake in Facebook by 50.0% during the third quarter. TRB Advisors LP now owns 15,000 shares of the social networking company’s stock worth $2,563,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Amussen Hunsaker Associates LLC increased its stake in Facebook by 41.0% during the third quarter. Amussen Hunsaker Associates LLC now owns 11,153 shares of the social networking company’s stock worth $1,906,000 after acquiring an additional 3,244 shares during the last quarter. 57.35% of the stock is owned by institutional investors.

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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