Facebook (NASDAQ:FB) had its price objective lifted by investment analysts at Barclays from $210.00 to $240.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the social networking company’s stock. Barclays‘s price objective would suggest a potential upside of 31.45% from the company’s previous close.

FB has been the topic of a number of other reports. Argus restated a “buy” rating on shares of Facebook in a research note on Wednesday, January 9th. JPMorgan Chase & Co. restated a “buy” rating and set a $195.00 price target on shares of Facebook in a research note on Tuesday, January 8th. BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research note on Wednesday, January 2nd. Finally, Wedbush set a $220.00 price target on Facebook and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and forty-one have assigned a buy rating to the company. Facebook has an average rating of “Buy” and an average target price of $195.33.

FB opened at $182.58 on Thursday. Facebook has a one year low of $123.02 and a one year high of $218.62. The company has a market capitalization of $533.88 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.24. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm had revenue of $15.08 billion for the quarter, compared to analysts’ expectations of $14.97 billion. During the same period in the prior year, the firm posted $1.69 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. Equities analysts anticipate that Facebook will post 7.55 EPS for the current fiscal year.

In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $179.60, for a total value of $134,700.00. Following the completion of the transaction, the vice president now owns 100,872 shares in the company, valued at $18,116,611.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 5,300 shares of the company’s stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total transaction of $795,000.00. Following the completion of the transaction, the insider now owns 58,484 shares of the company’s stock, valued at approximately $8,772,600. The disclosure for this sale can be found here. Insiders sold 1,539,435 shares of company stock worth $269,965,163 in the last three months. 14.53% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. boosted its stake in shares of Facebook by 153.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after buying an additional 121 shares during the period. Whitnell & Co. acquired a new stake in shares of Facebook during the fourth quarter worth about $26,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Facebook during the fourth quarter worth about $31,000. Signet Investment Advisory Group Inc. acquired a new stake in shares of Facebook during the fourth quarter worth about $39,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Facebook during the fourth quarter worth about $45,000. Institutional investors own 60.24% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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