Facebook Inc. (NASDAQ:FB) had its price objective reduced by research analysts at MKM Partners from $165.00 to $150.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the social networking company’s stock. MKM Partners’ target price would indicate a potential upside of 27.99% from the stock’s previous close.

FB has been the subject of several other research reports. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $127.69 price objective for the company in a research report on Wednesday, August 3rd. Jefferies Group restated a “buy” rating on shares of Facebook in a research report on Monday, July 18th. Evercore ISI reaffirmed a “buy” rating and set a $155.00 price objective on shares of Facebook in a research note on Tuesday, July 26th. Citigroup Inc. upped their price objective on shares of Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, September 19th. Finally, Sanford C. Bernstein set a $160.00 price objective on shares of Facebook and gave the company a “neutral” rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $150.67.

Analyst Recommendations for Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) opened at 117.20 on Monday. The firm’s 50-day moving average is $127.15 and its 200-day moving average is $122.53. The firm has a market cap of $337.79 billion, a PE ratio of 45.18 and a beta of 0.76. Facebook has a 12 month low of $89.37 and a 12 month high of $133.50.

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

In other Facebook news, CEO Mark Zuckerberg sold 767,905 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $123.71, for a total value of $94,997,527.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value 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 hedge funds have recently modified their holdings of the company. BP PLC raised its stake in shares of Facebook by 6.3% in the second quarter. BP PLC now owns 269,000 shares of the social networking company’s stock worth $30,741,000 after buying an additional 16,000 shares during the period. Shelton Capital Management raised its stake in shares of Facebook by 1.8% in the second quarter. Shelton Capital Management now owns 225,224 shares of the social networking company’s stock valued at $25,739,000 after buying an additional 4,031 shares during the last quarter. National Pension Service raised its stake 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 last quarter. Factory Mutual Insurance Co. raised its stake 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 last quarter. Finally, Renaissance Technologies LLC raised its stake 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 last quarter. Institutional investors and hedge funds own 56.87% 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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