Facebook (NASDAQ:FB) had its price objective hoisted by stock analysts at Credit Suisse Group from $230.00 to $232.00 in a report released on Monday, January 8th. The firm presently has an “outperform” rating on the social networking company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 29.34% from the company’s previous close.
FB has been the topic of several other research reports. Vetr lowered shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 target price on the stock. in a research report on Wednesday, January 3rd. Cowen reiterated a “buy” rating and issued a $220.00 target price on shares of Facebook in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research report on Tuesday, January 2nd. Aegis lifted their target price on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada lifted their target price on shares of Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus target price of $203.72.
Shares of Facebook (NASDAQ:FB) traded down $8.40 during trading on Monday, hitting $179.37. Facebook has a fifty-two week low of $126.78 and a fifty-two week high of $188.90. The company has a market capitalization of $521,210.00, a price-to-earnings ratio of 33.34, a PEG ratio of 1.02 and a beta of 0.68.
In other news, insider Michael Todd Schroepfer sold 38,017 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the sale, the insider now directly owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 238,715 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total transaction of $42,498,431.45. The disclosure for this sale can be found here. Insiders sold a total of 4,182,199 shares of company stock worth $752,724,430 over the last quarter. 17.23% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FB. Country Trust Bank increased its stake in Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares during the period. D. Scott Neal Inc. grew its holdings in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook during the 3rd quarter worth approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook during the 2nd quarter worth approximately $138,000. Finally, Vigilant Capital Management LLC grew its holdings in Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares in the last quarter. 57.75% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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