Mizuho restated their buy rating on shares of Facebook Inc. (NASDAQ:FB) in a report released on Tuesday. Mizuho currently has a $150.00 price target on the social networking company’s stock.

Other research analysts have also recently issued reports about the stock. SunTrust Banks Inc. reissued a buy rating and set a $135.00 price objective on shares of Facebook in a report on Wednesday, July 6th. Cantor Fitzgerald reissued a buy rating and set a $150.00 price objective on shares of Facebook in a report on Tuesday, July 5th. Royal Bank Of Canada reaffirmed a buy rating and set a $165.00 target price on shares of Facebook in a report on Tuesday, June 21st. Vetr raised shares of Facebook from a hold rating to a buy rating and set a $121.02 target price for the company in a report on Monday, June 13th. Finally, MKM Partners reaffirmed a buy rating and set a $150.00 target price on shares of Facebook in a report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook currently has a consensus rating of Buy and an average target price of $149.99.

Facebook (NASDAQ:FB) traded up 0.02% on Tuesday, reaching $128.22. 4,226,548 shares of the company traded hands. The stock has a market capitalization of $368.20 billion, a price-to-earnings ratio of 61.29 and a beta of 0.77. Facebook has a 1-year low of $89.37 and a 1-year high of $131.98. The stock’s 50-day moving average is $127.15 and its 200-day moving average is $119.46.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The firm earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was up 59.2% on a year-over-year basis. Equities research analysts expect that Facebook will post $3.94 EPS for the current year.

In other news, Director Jan Koum sold 566,668 shares of the stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $128.36, for a total transaction of $72,737,504.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 767,905 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $123.71, for a total transaction of $94,997,527.55. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FB. Stelac Advisory Services LLC acquired a new position in Facebook during the first quarter valued at approximately $106,000. Bartlett & Co. LLC increased its position in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares during the period. Kings Point Capital Management increased its position in Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares during the period. Balentine LLC increased its position in Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares during the period. 56.61% of the stock is owned by hedge funds and other institutional investors.

Facebook Company Profile

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.

5 Day Chart for NASDAQ:FB

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