Facebook Inc. (NASDAQ:FB) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $134.65 target price on the social networking company’s stock. Vetr‘s target price would suggest a potential upside of 10.58% from the company’s previous close.

Several other brokerages have also recently issued reports on FB. Goldman Sachs Group Inc. reissued a “buy” rating and set a $162.00 target price on shares of Facebook in a report on Saturday, October 22nd. Jefferies Group reissued a “buy” rating and set a $170.00 target price on shares of Facebook in a report on Sunday, October 23rd. Wedbush reissued an “outperform” rating and set a $162.00 target price on shares of Facebook in a report on Friday, October 28th. Cantor Fitzgerald reissued a “buy” rating and set a $160.00 target price on shares of Facebook in a report on Monday, October 31st. Finally, MKM Partners reissued a “buy” rating and set a $165.00 target price on shares of Facebook in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. Facebook has an average rating of “Buy” and an average price target of $150.70.

Analyst Recommendations for Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) traded up 4.06% on Monday, hitting $121.77. 35,415,366 shares of the company’s stock traded hands. Facebook has a one year low of $89.37 and a one year high of $133.50. The stock has a market cap of $350.96 billion, a PE ratio of 46.94 and a beta of 0.76. The stock has a 50-day moving average of $126.00 and a 200-day moving average of $122.54.

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

In other Facebook news, insider Christopher K. Cox sold 15,600 shares of Facebook stock in a transaction on Monday, August 29th. The shares were sold at an average price of $125.56, for a total value of $1,958,736.00. Following the completion of the transaction, the insider now owns 406,825 shares of the company’s stock, valued at $51,080,947. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Sheryl Sandberg sold 109,000 shares of Facebook stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $123.88, for a total transaction of $13,502,920.00. Following the completion of the transaction, the chief operating officer now directly owns 4,646,180 shares of the company’s stock, valued at approximately $575,568,778.40. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. BP PLC increased its position in 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 in the last quarter. Shelton Capital Management increased its position 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 period. Factory Mutual Insurance Co. increased its position 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 period. Strs Ohio increased its position in shares of Facebook by 3.8% in the second quarter. Strs Ohio now owns 2,367,459 shares of the social networking company’s stock valued at $270,553,000 after buying an additional 86,207 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Facebook by 2.4% in the first quarter. Arizona State Retirement System now owns 679,800 shares of the social networking company’s stock valued at $77,565,000 after buying an additional 15,900 shares during the period. 56.67% of the stock is owned by hedge funds and other institutional investors.

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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