Facebook Inc (NASDAQ:FB) has earned a consensus recommendation of “Buy” from the forty-nine brokerages that are covering the firm, Marketbeat Ratings reports. Two 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 average 1-year price objective among analysts that have issued a report on the stock in the last year is $202.06.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 target price on the stock in a research report on Tuesday, November 7th. Vetr downgraded shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 target price on the stock. in a research report on Thursday, December 7th. Aegis increased their target price on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada increased their target price on shares of Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barclays increased their target price on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd.

Facebook (FB) traded up $1.34 during trading on Friday, reaching $178.30. 14,611,445 shares of the company’s stock traded hands, compared to its average volume of 16,947,092. The firm has a market capitalization of $520,255.88, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69. Facebook has a 52-week low of $114.77 and a 52-week high of $184.25.

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

In other news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $176.85, for a total value of $2,829,600.00. Following the completion of the transaction, the insider now owns 48,407 shares of the company’s stock, valued at approximately $8,560,777.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold a total of 5,027,649 shares of company stock valued at $896,849,901 in the last ninety days. Company insiders own 17.23% of the company’s stock.

Several hedge funds have recently made changes to their positions in FB. Moisand Fitzgerald Tamayo LLC bought a new stake in Facebook in the 3rd quarter valued at $111,000. D. Scott Neal Inc. lifted its position in 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 acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in 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 acquiring an additional 34 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in Facebook in the 3rd quarter valued at $152,000. Finally, Pacific Center for Financial Services lifted its position in 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 acquiring an additional 88 shares in the last quarter. 57.86% of the stock is owned by 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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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