Facebook (NASDAQ:FB) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday. The firm presently has a $198.52 price objective on the social networking company’s stock. Vetr‘s target price suggests a potential upside of 12.18% from the stock’s current price.

Other equities analysts have also issued reports about the company. Cowen reaffirmed an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Deutsche Bank reiterated a “buy” rating and set a $220.00 target price (up from $215.00) on shares of Facebook in a report on Thursday, September 28th. Citigroup reiterated a “buy” rating and set a $200.00 target price on shares of Facebook in a report on Wednesday, September 27th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price on shares of Facebook in a report on Thursday, October 5th. Finally, KeyCorp reiterated a “buy” rating and set a $200.00 target price on shares of Facebook in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $200.73.

Shares of Facebook (FB) opened at $176.96 on Wednesday. Facebook has a 52 week low of $114.77 and a 52 week high of $184.25. The stock has a market capitalization of $514,070.00, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

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

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total transaction of $128,550.00. Following the completion of the transaction, the vice president now owns 93,341 shares in the company, valued at approximately $15,998,647.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 117,829 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $180.34, for a total value of $21,249,281.86. 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 90 days. Insiders own 17.23% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. D. Scott Neal Inc. lifted its holdings in shares of 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 buying an additional 679 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Facebook during the third quarter worth $111,000. Farmers & Merchants Investments Inc. raised its position in shares of Facebook by 4.4% during the second 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 during the period. Pacific Center for Financial Services raised its position in shares of Facebook by 10.7% during the first 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 during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Facebook during the second quarter worth $138,000. Institutional investors own 57.86% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/13/facebook-fb-stock-rating-upgraded-by-vetr.html.

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

Receive News & Stock Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related stocks with our FREE daily email newsletter.