Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by equities research analysts at Goldman Sachs Group Inc. in a report released on Thursday. They presently have a $162.00 price target on the social networking company’s stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 38.44% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Jefferies Group restated a “buy” rating and set a $170.00 price objective (up previously from $160.00) on shares of Facebook in a research report on Wednesday, July 27th. Morgan Stanley upped their price objective on shares of Facebook from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Bank of America Corp. reaffirmed a “buy” rating and set a $145.00 price objective on shares of Facebook in a research note on Tuesday, July 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $150.00 price objective on shares of Facebook in a research note on Tuesday, July 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $150.67.

Analyst Recommendations for Facebook (NASDAQ:FB)

Shares of Facebook (NASDAQ:FB) opened at 117.02 on Thursday. The firm’s 50-day moving average is $126.18 and its 200 day moving average is $122.44. Facebook has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a market capitalization of $337.27 billion, a P/E ratio of 45.11 and a beta of 0.76.

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

In related news, VP Colin Stretch sold 400 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $125.00, for a total transaction of $50,000.00. Following the completion of the sale, the vice president now owns 88,940 shares of the company’s stock, valued at $11,117,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $125.56, for a total value of $1,958,736.00. Following the sale, the insider now directly owns 406,825 shares of the company’s stock, valued at approximately $51,080,947. The disclosure for this sale can be found here. 19.08% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. Vaughan David Investments Inc. IL boosted its stake 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 worth $296,000 after buying an additional 15 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake 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 worth $140,000 after buying an additional 18 shares during the period. Cobblestone Capital Advisors LLC NY boosted its stake 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 worth $272,000 after buying an additional 20 shares during the period. Enterprise Financial Services Corp boosted its stake 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 worth $228,000 after buying an additional 21 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its stake 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 worth $234,000 after buying an additional 25 shares during the period. 56.67% of the stock is owned by institutional investors and hedge funds.

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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