Atlantic Securities set a $215.00 target price on Facebook, Inc. (NASDAQ:FB) in a report released on Thursday morning. The brokerage currently has a buy rating on the social networking company’s stock.

Other equities analysts have also recently issued reports about the stock. Cowen and Company 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 AG lifted their price target on shares of Facebook from $185.00 to $189.00 and gave the stock a buy rating in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 price target on shares of Facebook and gave the stock a buy rating in a research report on Wednesday, July 19th. Needham & Company LLC reissued a buy rating and set a $185.00 price target (up from $165.00) on shares of Facebook in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a buy rating and set a $185.00 price target on shares of Facebook in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the company. Facebook has a consensus rating of Buy and a consensus target price of $196.91.

Shares of Facebook (FB) remained flat at $$178.92 during mid-day trading on Thursday. 17,572,587 shares of the company were exchanged, compared to its average volume of 17,315,178. Facebook has a 1-year low of $113.55 and a 1-year high of $182.90. The stock has a market capitalization of $519,618.75, a P/E ratio of 34.47, a PEG ratio of 1.28 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts forecast that Facebook will post 5.75 EPS for the current year.

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In other news, Director Jan Koum sold 2,953,492 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $170.17, for a total value of $502,595,733.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $171.88, for a total transaction of $128,910.00. Following the completion of the sale, the vice president now owns 82,406 shares of the company’s stock, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. Insiders sold 8,306,683 shares of company stock worth $1,441,300,245 over the last ninety days. Insiders own 19.08% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. increased its holdings in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. increased its holdings in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in Facebook by 15,047.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after buying an additional 2,523,918 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its holdings in Facebook by 28.4% during the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after buying an additional 2,361,166 shares during the last quarter. Institutional investors own 57.27% of the company’s stock.

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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