Facebook Inc. (NASDAQ:FB)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a research note issued to investors on Monday. They currently have a $155.00 target price on the social networking company’s stock. Macquarie’s target price would suggest a potential upside of 20.16% from the company’s previous close.

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

Analyst Recommendations for Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) opened at 129.4541 on Monday. The stock has a 50 day moving average of $127.57 and a 200-day moving average of $119.71. Facebook has a 52 week low of $89.37 and a 52 week high of $131.98. The firm has a market cap of $371.75 billion, a PE ratio of 61.8805 and a beta of 0.77.

Facebook (NASDAQ:FB) last released its earnings results 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 business earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue was up 59.2% on a year-over-year basis. Analysts expect that Facebook will post $3.94 earnings per share for the current year.

In other news, VP David B. Fischer sold 35,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $128.78, for a total value of $4,507,300.00. Following the sale, the vice president now directly owns 169,686 shares in the company, valued at $21,852,163.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jan Koum sold 566,668 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $128.22, for a total value of $72,658,170.96. The disclosure for this sale can be found here. 19.08% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of FB. Tiemann Investment Advisors LLC increased its stake in shares of Facebook by 60.3% in the first quarter. Tiemann Investment Advisors LLC now owns 3,375 shares of the social networking company’s stock valued at $385,000 after buying an additional 1,270 shares during the last quarter. Outfitter Advisors LTD. increased its stake in shares of Facebook by 53.9% in the first quarter. Outfitter Advisors LTD. now owns 20,560 shares of the social networking company’s stock valued at $2,346,000 after buying an additional 7,200 shares during the last quarter. Virginia Retirement System acquired a new stake in shares of Facebook during the first quarter valued at $80,910,000. Nisa Investment Advisors L.L.C. increased its stake in shares of Facebook by 0.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 539,201 shares of the social networking company’s stock valued at $61,523,000 after buying an additional 2,935 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. increased its stake in shares of Facebook by 80.0% in the first quarter. Lockheed Martin Investment Management Co. now owns 22,500 shares of the social networking company’s stock valued at $2,567,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.

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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