Facebook (NASDAQ:FB) had its price objective raised by MKM Partners to $240.00 in a report published on Friday. They currently have a buy rating on the social networking company’s stock.

A number of other analysts have also recently issued reports on FB. Cowen restated an average rating and set a $200.00 price objective (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Cantor Fitzgerald reaffirmed a buy rating and issued a $190.00 price target on shares of Facebook in a research note on Tuesday, September 26th. Zacks Investment Research raised Facebook from a hold rating to a buy rating and set a $191.00 price target on the stock in a research note on Tuesday, September 26th. Vetr raised Facebook from a hold rating to a buy rating and set a $180.74 price target on the stock in a research note on Monday, September 25th. Finally, Mizuho reaffirmed a buy rating and issued a $230.00 price target on shares of Facebook in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $199.18.

Shares of Facebook (NASDAQ:FB) traded down $0.94 during trading on Friday, hitting $174.16. The stock had a trading volume of 16,827,248 shares, compared to its average volume of 16,885,686. The firm has a market cap of $508,807.03, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69. Facebook has a fifty-two week low of $114.30 and a fifty-two week high of $184.25.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the business earned $1.09 EPS. The firm’s revenue was up 47.3% compared to the same quarter last year. sell-side analysts predict that Facebook will post 5.86 EPS for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 249,527 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $170.32, for a total value of $42,499,438.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $171.59, for a total value of $128,692.50. Following the completion of the sale, the vice president now directly owns 94,841 shares of the company’s stock, valued at $16,273,767.19. The disclosure for this sale can be found here. Insiders have sold 5,195,772 shares of company stock valued at $924,706,968 over the last three months. Insiders own 17.23% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Facebook in the 3rd quarter valued at $111,000. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares during the last quarter. Pacific Center for Financial Services increased its stake in shares of Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 88 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook in the 2nd quarter valued at $138,000. Hedge funds and other institutional investors own 57.86% of the company’s stock.

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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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