Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by research analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday. They presently have a $158.00 price objective on the social networking company’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 22.59% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $185.00 target price on shares of Facebook in a research report on Wednesday, October 5th. Mizuho reiterated a “buy” rating and issued a $150.00 target price on shares of Facebook in a research report on Tuesday, October 4th. Cowen and Company reissued an “outperform” rating and set a $150.00 price objective on shares of Facebook in a research note on Monday, September 26th. Jefferies Group reissued a “buy” rating and set a $170.00 price objective on shares of Facebook in a research note on Monday, August 22nd. Finally, Vetr cut Facebook from a “buy” rating to a “hold” rating and set a $131.43 price objective on the stock. in a research note on Monday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $149.99.

Analyst Recommendations for Facebook (NASDAQ:FB)

Shares of Facebook (NASDAQ:FB) traded up 0.13% during trading on Wednesday, hitting $129.05. The stock had a trading volume of 10,941,301 shares. Facebook has a 12 month low of $89.37 and a 12 month high of $131.98. The company has a market cap of $370.59 billion, a PE ratio of 61.69 and a beta of 0.77. The stock has a 50 day moving average of $127.89 and a 200 day moving average of $120.00.

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 Thomson Reuters’ consensus estimate of $0.82 by $0.15. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. Facebook’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. Equities analysts forecast that Facebook will post $3.94 EPS for the current fiscal year.

In other news, VP David B. Fischer sold 7,821 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $117.18, for a total transaction of $916,464.78. Following the transaction, the vice president now directly owns 242,219 shares in the company, valued at $28,383,222.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher K. Cox sold 37,217 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $117.18, for a total transaction of $4,361,088.06. Following the transaction, the insider now owns 377,357 shares in the company, valued at $44,218,693.26. 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 modified their holdings of FB. Stelac Advisory Services LLC purchased a new position in shares of Facebook during the first quarter worth about $106,000. Bartlett & Co. LLC raised its position in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock worth $128,000 after buying an additional 91 shares during the period. Kings Point Capital Management raised its position in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock worth $136,000 after buying an additional 200 shares during the period. Balentine LLC raised its position in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock worth $139,000 after buying an additional 1,015 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of 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 worth $140,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds 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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