Deutsche Bank AG reiterated their buy rating on shares of Facebook Inc. (NASDAQ:FB) in a report released on Wednesday. Deutsche Bank AG currently has a $170.00 price objective on the social networking company’s stock.

Several other analysts also recently weighed in on FB. SunTrust Banks Inc. restated a buy rating and issued a $135.00 price target on shares of Facebook in a research note on Wednesday, July 6th. Cantor Fitzgerald restated a buy rating and issued a $150.00 price target on shares of Facebook in a research note on Tuesday, July 5th. Royal Bank Of Canada restated a buy rating and issued a $165.00 price target on shares of Facebook in a research note on Tuesday, June 21st. MKM Partners restated a buy rating and issued a $150.00 price target on shares of Facebook in a research note on Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. set a $142.00 price target on Facebook and gave the stock a buy rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $149.99.

Facebook (NASDAQ:FB) traded down 1.35% during mid-day trading on Wednesday, reaching $127.31. The company had a trading volume of 5,965,576 shares. Facebook has a 12-month low of $89.37 and a 12-month high of $131.98. The stock has a market capitalization of $365.59 billion, a P/E ratio of 60.86 and a beta of 0.77. The stock has a 50 day moving average price of $128.03 and a 200-day moving average price of $120.07.

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

In related news, CEO Mark Zuckerberg sold 767,905 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $123.71, for a total value of $94,997,527.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Koum sold 1,566,668 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $129.70, for a total transaction of $203,196,839.60. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Brick & Kyle Associates raised its position in Facebook by 3.6% in the first quarter. Brick & Kyle Associates now owns 18,425 shares of the social networking company’s stock valued at $2,102,000 after buying an additional 645 shares during the period. CIBC World Markets Inc. raised its position in Facebook by 26.7% in the first quarter. CIBC World Markets Inc. now owns 128,367 shares of the social networking company’s stock valued at $14,647,000 after buying an additional 27,026 shares during the period. Bowling Portfolio Management LLC raised its position in Facebook by 81.7% in the first quarter. Bowling Portfolio Management LLC now owns 24,022 shares of the social networking company’s stock valued at $2,741,000 after buying an additional 10,799 shares during the period. Raab & Moskowitz Asset Management LLC raised its position in Facebook by 17.9% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,811 shares of the social networking company’s stock valued at $320,000 after buying an additional 427 shares during the period. Finally, Torray LLC raised its position in Facebook by 85.2% in the first quarter. Torray LLC now owns 487,875 shares of the social networking company’s stock valued at $55,667,000 after buying an additional 224,415 shares during the period. Hedge funds and other institutional investors own 56.61% of the company’s stock.

About Facebook

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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