Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued to investors on Thursday. They presently have a $150.00 price objective on the social networking company’s stock. Needham & Company LLC’s target price points to a potential upside of 26.03% from the company’s previous close.

Other research analysts have also issued research reports about the company. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $127.69 target price on the stock in a report on Wednesday, August 3rd. Jefferies Group restated a “buy” rating on shares of Facebook in a report on Monday, July 18th. Evercore ISI restated a “buy” rating and issued a $155.00 target price on shares of Facebook in a report on Tuesday, July 26th. Citigroup Inc. raised their target price on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday, September 19th. Finally, Sanford C. Bernstein set a $160.00 target price on Facebook and gave the company a “neutral” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $150.96.

Analyst Recommendations for Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) opened at 119.02 on Thursday. Facebook has a 12-month low of $89.37 and a 12-month high of $133.50. The firm has a market capitalization of $343.04 billion, a price-to-earnings ratio of 45.88 and a beta of 0.76. The company’s 50 day moving average price is $127.78 and its 200-day moving average price is $122.35.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The firm earned $7 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 55.8% compared to the same quarter last year. On average, equities analysts anticipate that Facebook will post $4.09 earnings per share for the current fiscal year.

In related news, VP Colin Stretch sold 400 shares of Facebook stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $125.00, for a total transaction of $50,000.00. Following the transaction, the vice president now directly owns 88,940 shares of the company’s stock, valued at $11,117,500. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan Desmond-Hellmann sold 625 shares of Facebook stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $124.01, for a total transaction of $77,506.25. 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 modified their holdings of the stock. Vaughan David Investments Inc. IL raised its position in shares of Facebook by 0.6% in the second quarter. Vaughan David Investments Inc. IL now owns 2,589 shares of the social networking company’s stock valued at $296,000 after buying an additional 15 shares during the last quarter. 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 valued at $140,000 after buying an additional 18 shares during the last quarter. Cobblestone Capital Advisors LLC NY raised its position in shares of Facebook by 1.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,120 shares of the social networking company’s stock valued at $272,000 after buying an additional 20 shares during the last quarter. Enterprise Financial Services Corp raised its position in shares of Facebook by 1.2% in the third quarter. Enterprise Financial Services Corp now owns 1,780 shares of the social networking company’s stock valued at $228,000 after buying an additional 21 shares during the last quarter. Finally, Roberts Glore & Co. Inc. IL raised its position in shares of Facebook by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,044 shares of the social networking company’s stock valued at $234,000 after buying an additional 25 shares during the last quarter. 56.87% of the stock is currently owned by institutional investors.

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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