Facebook Inc. (NASDAQ:FB) has been given an average recommendation of “Buy” by the fifty-four brokerages that are covering the company. 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 given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $151.46.

A number of research analysts have commented on FB shares. Cowen and Company restated a “buy” rating and set a $145.00 price target on shares of Facebook in a research note on Sunday, July 17th. MKM Partners restated a “buy” rating on shares of Facebook in a research note on Sunday, July 24th. Deutsche Bank AG restated a “buy” rating on shares of Facebook in a research note on Sunday, July 10th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $127.69 price objective on the stock in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. set a $170.00 price objective on Facebook and gave the company a “buy” rating in a research note on Thursday, July 28th.

In other Facebook news, VP David B. Fischer sold 7,821 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $127.93, for a total value of $1,000,540.53. Following the transaction, the vice president now owns 167,174 shares in the company, valued at approximately $21,386,569.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 15,600 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $121.08, for a total transaction of $1,888,848.00. Following the completion of the transaction, the insider now owns 388,392 shares in the company, valued at approximately $47,026,503.36. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Pension Service raised its position in shares of Facebook by 4.2% in the first quarter. National Pension Service now owns 1,063,800 shares of the social networking company’s stock valued at $121,380,000 after buying an additional 43,338 shares during the period. Geode Capital Management LLC raised its position in shares of Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock valued at $2,210,464,000 after buying an additional 690,650 shares during the period. Factory Mutual Insurance Co. raised its position in shares of Facebook by 3.1% in the second quarter. Factory Mutual Insurance Co. now owns 837,000 shares of the social networking company’s stock valued at $95,652,000 after buying an additional 25,000 shares during the period. Renaissance Technologies LLC raised its position in shares of Facebook by 36.9% in the first quarter. Renaissance Technologies LLC now owns 2,453,800 shares of the social networking company’s stock valued at $279,979,000 after buying an additional 661,600 shares during the period. Finally, Jackson Square Partners LLC raised its position in shares of Facebook by 21.4% in the first quarter. Jackson Square Partners LLC now owns 5,507,159 shares of the social networking company’s stock valued at $628,366,000 after buying an additional 969,198 shares during the period. Hedge funds and other institutional investors own 56.63% of the company’s stock.

Facebook (NASDAQ:FB) traded up 1.280% on Wednesday, reaching $130.216. 11,009,244 shares of the company’s stock traded hands. The firm’s 50-day moving average is $128.40 and its 200 day moving average is $120.48. The firm has a market cap of $373.94 billion, a PE ratio of 62.245 and a beta of 0.77. Facebook has a 12 month low of $89.37 and a 12 month high of $131.98.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 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 firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 59.2% on a year-over-year basis. Equities analysts predict that Facebook will post $3.94 EPS for the current year.

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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