Facebook (NASDAQ:FB) had its target price raised by research analysts at BMO Capital Markets to $190.00 in a report issued on Monday, The Fly reports. The firm currently has a “positive” rating on the social networking company’s stock. BMO Capital Markets’ price objective points to a potential upside of 3.38% from the company’s current price. The analysts noted that the move was a valuation call.

FB has been the subject of a number of other reports. Argus reissued a “buy” rating on shares of Facebook in a research note on Wednesday, January 9th. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. BidaskClub raised Facebook from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Bank of America reissued a “buy” rating and set a $187.00 price target (down from $205.00) on shares of Facebook in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $210.00 price target on shares of Facebook in a research note on Thursday, January 31st. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and forty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $192.72.

Shares of Facebook stock opened at $183.78 on Monday. Facebook has a 12 month low of $123.02 and a 12 month high of $218.62. The company has a market cap of $517.90 billion, a P/E ratio of 24.28, a PEG ratio of 1.30 and a beta of 0.88.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.20. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The company had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. On average, equities analysts anticipate that Facebook will post 7.54 EPS for the current year.

In related news, insider Christopher K. Cox sold 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $150.00, for a total transaction of $795,000.00. Following the completion of the sale, the insider now directly owns 58,484 shares of the company’s stock, valued at approximately $8,772,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,442 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $162.02, for a total value of $233,632.84. Following the sale, the chief accounting officer now directly owns 1,569 shares of the company’s stock, valued at $254,209.38. The disclosure for this sale can be found here. Insiders have sold a total of 1,539,435 shares of company stock valued at $269,965,163 over the last three months. 14.53% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Successful Portfolios LLC increased its holdings in shares of Facebook by 2.5% in the 1st quarter. Successful Portfolios LLC now owns 2,301 shares of the social networking company’s stock valued at $384,000 after acquiring an additional 57 shares during the period. Sun Life Financial INC increased its holdings in shares of Facebook by 0.9% in the 4th quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 60 shares during the period. Valmark Advisers Inc. increased its holdings in shares of Facebook by 3.5% in the 4th quarter. Valmark Advisers Inc. now owns 1,904 shares of the social networking company’s stock valued at $250,000 after acquiring an additional 65 shares during the period. Gs Investments Inc. increased its holdings in shares of Facebook by 0.3% in the 4th quarter. Gs Investments Inc. now owns 19,942 shares of the social networking company’s stock valued at $2,614,000 after acquiring an additional 65 shares during the period. Finally, Pioneer Trust Bank N A OR increased its holdings in shares of Facebook by 0.5% in the 1st quarter. Pioneer Trust Bank N A OR now owns 15,401 shares of the social networking company’s stock valued at $2,568,000 after acquiring an additional 71 shares during the period. 60.22% of the stock is owned by hedge funds and other institutional investors.

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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