Shares of Facebook, Inc. (NASDAQ:FB) have been assigned a consensus recommendation of “Buy” from the forty-nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $199.09.

Several research firms have commented on FB. Cowen and Company reissued an “outperform” rating and set a $195.00 target price on shares of Facebook in a research note on Thursday, August 10th. Citigroup Inc. reissued a “buy” rating and set a $200.00 target price on shares of Facebook in a research note on Wednesday, September 27th. Pivotal Research cut shares of Facebook from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Robert W. Baird reissued an “outperform” rating and set a $185.00 target price (up previously from $163.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.

Shares of Facebook (NASDAQ FB) traded up $1.64 during trading hours on Monday, reaching $179.59. 15,239,509 shares of the company traded hands, compared to its average volume of 16,871,938. The company has a market cap of $521,850.00, a P/E ratio of 34.31, a PEG ratio of 1.14 and a beta of 0.67. Facebook has a 12-month low of $114.00 and a 12-month high of $182.90.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating 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%. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. sell-side analysts expect that Facebook will post 5.81 EPS for the current fiscal year.

In other news, Director Jan Koum sold 594,246 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $179.35, for a total value of $106,578,020.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $180.35, for a total value of $135,262.50. Following the completion of the sale, the vice president now directly owns 88,091 shares of the company’s stock, valued at $15,887,211.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,762,164 shares of company stock worth $1,015,885,901. Corporate insiders own 19.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. increased its stake in Facebook by 5.6% during the 3rd quarter. Salem Investment Counselors Inc. now owns 124,433 shares of the social networking company’s stock worth $21,096,000 after purchasing an additional 6,609 shares in the last quarter. Moors & Cabot Inc. increased its stake in Facebook by 23.5% during the 3rd quarter. Moors & Cabot Inc. now owns 20,947 shares of the social networking company’s stock worth $3,584,000 after purchasing an additional 3,990 shares in the last quarter. Cypress Capital Group increased its stake in Facebook by 1.2% during the 3rd quarter. Cypress Capital Group now owns 32,870 shares of the social networking company’s stock worth $5,616,000 after purchasing an additional 377 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Facebook during the 3rd quarter worth approximately $4,637,000. Finally, Cetera Advisor Networks LLC increased its stake in Facebook by 1.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 63,840 shares of the social networking company’s stock worth $10,917,000 after purchasing an additional 607 shares in the last quarter. 57.35% of the stock is owned by institutional investors and hedge funds.

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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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