Macquarie Reiterates “$205.00” Price Target for Facebook, Inc. (FB)

Macquarie set a $205.00 price objective on Facebook, Inc. (NASDAQ:FB) in a research note issued to investors on Thursday, November 2nd. The firm currently has a buy rating on the social networking company’s stock.

A number of other equities analysts also recently commented on FB. Cowen and Company reissued an outperform rating and issued a $195.00 price objective on shares of Facebook in a research note on Thursday, August 10th. Citigroup Inc. reaffirmed a buy rating and issued a $200.00 price target on shares of Facebook in a report on Wednesday, September 27th. Pivotal Research lowered shares of Facebook from a hold rating to a sell rating in a report on Tuesday, August 8th. Robert W. Baird reaffirmed an outperform rating and issued a $185.00 price target (up from $163.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Facebook from a buy rating to a hold rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has a consensus rating of Buy and a consensus price target of $197.95.

Shares of Facebook (NASDAQ FB) traded down $0.70 during trading hours on Thursday, hitting $178.07. The company’s stock had a trading volume of 9,548,899 shares, compared to its average volume of 16,909,369. Facebook has a fifty-two week low of $114.00 and a fifty-two week high of $182.90. The stock has a market capitalization of $517,440.00, a price-to-earnings ratio of 34.44, a PEG ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts predict that Facebook will post 5.81 earnings per share for the current year.

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In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $168.25, for a total transaction of $126,187.50. Following the completion of the sale, the vice president now directly owns 96,341 shares of the company’s stock, valued at $16,209,373.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David B. Fischer sold 4,699 shares of the 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,890,410 shares of company stock valued at $859,895,025. Insiders own 19.08% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FB. Arcadia Investment Management Corp MI raised its position in Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after acquiring an additional 120 shares in the last quarter. D. Scott Neal Inc. raised its position in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook during the third quarter valued at approximately $111,000. Farmers & Merchants Investments Inc. raised its position in Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares in the last quarter. Finally, Pacific Center for Financial Services raised its position in Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares in the last quarter. 57.35% of the stock is currently owned by hedge funds and other institutional investors.

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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