Vetr upgraded shares of Facebook, Inc. (NASDAQ:FB) from a hold rating to a buy rating in a research report report published on Monday. The firm currently has $180.74 price target on the social networking company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Oppenheimer Holdings, Inc. upped their price target on shares of Facebook from $170.00 to $195.00 and gave the stock an outperform rating in a research note on Thursday, July 27th. JMP Securities reiterated an outperform rating and issued a $195.00 price target (up previously from $170.00) on shares of Facebook in a research note on Thursday, July 27th. BidaskClub upgraded shares of Facebook from a buy rating to a strong-buy rating in a research note on Thursday, July 13th. Robert W. Baird reiterated a buy rating and issued a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Finally, Deutsche Bank AG upped their price target on shares of Facebook from $185.00 to $189.00 and gave the stock a buy rating in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $184.84.

Shares of Facebook (NASDAQ:FB) opened at 167.68 on Monday. The stock has a market cap of $486.98 billion, a P/E ratio of 37.53 and a beta of 0.76. Facebook has a one year low of $113.55 and a one year high of $175.49. The stock has a 50 day moving average of $170.12 and a 200 day moving average of $154.54. Facebook also saw unusually large options trading activity on Monday. Investors purchased 104,349 put options on the company. This represents an increase of approximately 171% compared to the average volume of 38,488 put options.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. Facebook’s revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, analysts forecast that Facebook will post $5.33 EPS for the current year.

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In other Facebook news, CEO Mark Zuckerberg sold 281,436 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $151.01, for a total value of $42,499,650.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $149.93, for a total value of $2,398,880.00. Following the completion of the sale, the insider now directly owns 184,965 shares of the company’s stock, valued at approximately $27,731,802.45. The disclosure for this sale can be found here. In the last three months, insiders sold 12,948,842 shares of company stock valued at $2,121,164,773. Corporate insiders own 19.08% of the company’s stock.

Large investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its stake in shares of Facebook by 2.4% in the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after purchasing an additional 6,740 shares during the last quarter. Grand Jean Capital Management Inc. raised its stake in shares of Facebook by 14.3% in the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after purchasing an additional 15,910 shares during the last quarter. ING Groep NV raised its stake in shares of Facebook by 6.9% in the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after purchasing an additional 37,822 shares during the last quarter. Segment Wealth Management LLC raised its stake in shares of Facebook by 157.5% in the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after purchasing an additional 4,485 shares during the last quarter. Finally, Altfest L J & Co. Inc. raised its stake in shares of Facebook by 0.9% in the second quarter. Altfest L J & Co. Inc. now owns 13,477 shares of the social networking company’s stock worth $2,035,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Facebook (NASDAQ:FB)

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