Vetr cut shares of Facebook (NASDAQ:FB) from a strong-buy rating to a buy rating in a research note published on Thursday morning. They currently have $198.52 target price on the social networking company’s stock.

A number of other research firms have also weighed in on FB. Zacks Investment Research lowered shares of Facebook from a buy rating to a hold rating in a research report on Wednesday, August 9th. Credit Suisse Group reissued a buy rating on shares of Facebook in a research report on Wednesday, October 11th. UBS set a $208.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Monday, October 30th. Finally, Deutsche Bank reissued a buy rating on shares of Facebook in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $200.73.

Facebook (FB) traded up $0.38 during trading on Thursday, hitting $179.38. 4,001,414 shares of the stock traded hands, compared to its average volume of 16,973,291. Facebook has a fifty-two week low of $114.77 and a fifty-two week high of $184.25. The stock has a market cap of $520,500.00, a PE ratio of 34.49, a P/E/G ratio of 1.14 and a beta of 0.69.

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

In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $173.58, for a total value of $130,185.00. Following the sale, the vice president now directly owns 94,091 shares of the company’s stock, valued at $16,332,315.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the transaction, the insider now directly owns 178,802 shares in the company, valued at $30,523,289.42. The disclosure for this sale can be found here. Insiders have sold a total of 4,932,625 shares of company stock worth $879,469,497 over the last ninety days. 17.23% of the stock is currently owned by insiders.

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

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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.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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