Citigroup Inc. restated their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a report released on Wednesday. They currently have a $200.00 price objective on the social networking company’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Facebook from a buy rating to a hold rating in a report on Wednesday, August 9th. Wedbush reaffirmed a buy rating on shares of Facebook in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a buy rating and set a $200.00 price target (up previously from $170.00) on shares of Facebook in a report on Thursday, July 27th. Macquarie set a $175.00 price target on Facebook and gave the company a buy rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. raised their price target on Facebook from $180.00 to $215.00 and gave the company a strong-buy rating in a report on Thursday, July 27th. Two investment 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 issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $184.95.

Shares of Facebook (NASDAQ FB) traded up 1.27% during mid-day trading on Wednesday, hitting $170.87. 15,340,366 shares of the stock were exchanged. The firm has a 50-day moving average price of $170.12 and a 200 day moving average price of $154.54. Facebook has a 12-month low of $113.55 and a 12-month high of $175.49. The company has a market capitalization of $496.24 billion, a PE ratio of 38.24 and a beta of 0.76.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the business earned $0.97 earnings per share. The firm’s revenue was up 44.8% on a year-over-year basis. On average, equities research analysts expect that Facebook will post $5.33 earnings per share for the current year.

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In other news, CFO David M. Wehner sold 15,470 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $167.16, for a total transaction of $2,585,965.20. Following the completion of the transaction, the chief financial officer now owns 62,375 shares in the company, valued at approximately $10,426,605. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total value of $123,157.50. Following the transaction, the vice president now owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. Insiders have sold a total of 12,667,406 shares of company stock valued at $2,078,665,122 in the last quarter. 19.08% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of FB. Janus Henderson Group PLC lifted its holdings in Facebook by 283.6% during the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. lifted its holdings in Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after purchasing an additional 2,523,918 shares in the last quarter. Finally, Magellan Asset Management Ltd lifted its holdings in Facebook by 28.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after purchasing an additional 2,361,166 shares in the last quarter. 57.26% of the stock is currently owned by institutional investors and hedge funds.

Facebook Company Profile

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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