Facebook Inc. (NASDAQ:FB) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage currently has a $133.31 target price on the social networking company’s stock. Vetr‘s target price points to a potential upside of 13.75% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Bank of America Corp. restated a “buy” rating and issued a $153.07 target price (up previously from $123.94) on shares of Facebook in a research note on Monday, August 1st. Robert W. Baird restated an “outperform” rating and issued a $155.00 target price on shares of Facebook in a research note on Tuesday, October 18th. Morgan Stanley restated an “overweight” rating and issued a $160.00 target price on shares of Facebook in a research note on Wednesday, November 2nd. Oppenheimer Holdings Inc. set a $144.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 3rd. Finally, Goldman Sachs Group Inc. upped their target price on shares of Facebook from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average target price of $150.67.

Analyst Recommendations for Facebook (NASDAQ:FB)

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

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue was up 55.8% compared to the same quarter last year. On average, analysts forecast that Facebook will post $4.09 EPS for the current year.

In related news, COO Sheryl Sandberg sold 138,339 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $118.65, for a total value of $16,413,922.35. Following the completion of the transaction, the chief operating officer now owns 4,059,460 shares in the company, valued at approximately $481,654,929. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 400 shares of the firm’s 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 completion of the transaction, the vice president now owns 88,940 shares of the company’s stock, valued at approximately $11,117,500. The disclosure for this sale can be found here. Company insiders own 19.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. increased its stake in Facebook by 356.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 92,544 shares of the social networking company’s stock worth $10,559,000 after buying an additional 72,284 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Facebook by 1.1% in the first quarter. Envestnet Asset Management Inc. now owns 306,345 shares of the social networking company’s stock worth $34,954,000 after buying an additional 3,260 shares in the last quarter. Legal & General Group Plc increased its stake in Facebook by 0.5% in the first quarter. Legal & General Group Plc now owns 9,117,874 shares of the social networking company’s stock worth $1,040,354,000 after buying an additional 49,744 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in Facebook during the first quarter worth $1,531,000. Finally, Bayesian Capital Management LP increased its stake in Facebook by 2.5% in the first quarter. Bayesian Capital Management LP now owns 8,200 shares of the social networking company’s stock worth $936,000 after buying an additional 200 shares in 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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