Nomura reissued their buy rating on shares of Facebook Inc. (NASDAQ:FB) in a research report report published on Tuesday morning. The firm currently has a $155.00 price objective on the social networking company’s stock.

A number of other research analysts have also issued reports on the stock. Credit Suisse Group AG set a $170.00 target price on shares of Facebook and gave the company an outperform rating in a report on Monday. RBC Capital Markets reaffirmed an outperform rating and set a $170.00 price objective on shares of Facebook in a research note on Saturday. Deutsche Bank AG reaffirmed a buy rating and set a $170.00 price objective on shares of Facebook in a research note on Wednesday, October 12th. Citigroup Inc. reaffirmed a buy rating and set a $158.00 price objective on shares of Facebook in a research note on Wednesday, October 12th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $150.00 price objective on shares of Facebook in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Facebook presently has a consensus rating of Buy and an average target price of $150.30.

Analyst Recommendations for Facebook (NASDAQ:FB)

Shares of Facebook (NASDAQ:FB) traded up 1.02% during midday trading on Tuesday, hitting $129.88. 7,387,409 shares of the stock were exchanged. Facebook has a 12-month low of $89.37 and a 12-month high of $131.98. The firm has a market cap of $372.97 billion, a PE ratio of 62.08 and a beta of 0.77. The firm has a 50-day moving average price of $128.40 and a 200 day moving average price of $120.48.

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

In other Facebook news, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $121.08, for a total transaction of $1,888,848.00. Following the transaction, the insider now owns 388,392 shares in the company, valued at approximately $47,026,503.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jan Koum sold 1,566,668 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $129.70, for a total value of $203,196,839.60. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FB. Stelac Advisory Services LLC bought a new position in Facebook during the first quarter worth approximately $106,000. Farmers & Merchants Investments Inc. raised its position in Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock worth $116,000 after buying an additional 96 shares during the period. Bartlett & Co. LLC raised 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 worth $128,000 after buying an additional 91 shares during the period. Kings Point Capital Management raised 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 worth $136,000 after buying an additional 200 shares during the period. Finally, Balentine LLC raised 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 worth $139,000 after buying an additional 1,015 shares during the period. Hedge funds and other institutional investors own 56.63% 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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