Facebook (NASDAQ:FB) had its price target reduced by analysts at Credit Suisse Group from $240.00 to $230.00 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the social networking company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 38.32% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Argus increased their target price on Facebook to $214.00 in a research note on Wednesday, April 11th. JPMorgan Chase set a $230.00 target price on Facebook and gave the company a “buy” rating in a research note on Monday, January 8th. Cowen reissued a “buy” rating and set a $220.00 price target on shares of Facebook in a research report on Thursday, January 4th. Vetr lowered Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 price target on the stock. in a research report on Wednesday, January 3rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $230.00 price target on shares of Facebook in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $209.18.

Facebook stock opened at $166.28 on Friday. The company has a market cap of $483,043.41, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79. Facebook has a 52 week low of $142.27 and a 52 week high of $195.32.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. sell-side analysts anticipate that Facebook will post 7.11 earnings per share for the current year.

In other news, VP David B. Fischer sold 5,587 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $187.66, for a total value of $1,048,456.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 220,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $175.62, for a total value of $38,636,400.00. The disclosure for this sale can be found here. Insiders sold 7,737,678 shares of company stock worth $1,346,825,803 over the last ninety days. 17.23% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Country Trust Bank boosted its stake in Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after buying an additional 479 shares in the last quarter. Armbruster Capital Management Inc. boosted its position in shares of Facebook by 358.4% in the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after purchasing an additional 448 shares during the period. Taylor Hoffman Wealth Management acquired a new position in shares of Facebook in the 4th quarter valued at $103,000. Price Wealth Management Inc. acquired a new position in shares of Facebook in the 4th quarter valued at $105,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $111,000. 58.47% of the stock is owned by institutional investors.

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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)

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