Facebook (NASDAQ:FB) had its target price lifted by Credit Suisse Group from $230.00 to $232.00 in a research note published on Monday morning. Credit Suisse Group currently has an outperform rating on the social networking company’s stock.

Several other research analysts have also weighed in on FB. Mizuho reiterated a buy rating and set a $230.00 target price on shares of Facebook in a report on Wednesday, September 20th. Vetr upgraded Facebook from a hold rating to a buy rating and set a $180.74 target price on the stock in a report on Monday, September 25th. Zacks Investment Research upgraded Facebook from a hold rating to a buy rating and set a $191.00 target price on the stock in a report on Tuesday, September 26th. Wells Fargo & Co reiterated an outperform rating and set a $215.00 target price (up from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Finally, Cowen reiterated an average rating and set a $200.00 target price (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, forty-two have assigned a buy rating and four have issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $202.86.

Shares of Facebook (NASDAQ FB) traded down $0.07 on Monday, reaching $187.77. The company’s stock had a trading volume of 7,760,566 shares, compared to its average volume of 14,771,929. The company has a market cap of $545,100.00, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Facebook has a 52-week low of $124.06 and a 52-week high of $188.90.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the company earned $1.09 EPS. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. equities analysts predict that Facebook will post 5.86 earnings per share for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the completion of the transaction, the vice president now directly owns 89,916 shares in the company, valued at $15,504,215.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the transaction, the insider now owns 172,871 shares of the company’s stock, valued at $30,286,999.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,144,182 shares of company stock valued at $745,583,697. 17.23% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position 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 valued at $1,794,857,000 after acquiring an additional 8,788,743 shares during the last quarter. Truepoint Inc. boosted its position in Facebook by 16,822.1% during the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock valued at $6,137,000 after acquiring an additional 6,100,871 shares during the last quarter. Vanguard Group Inc. boosted its position 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 valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its position in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after acquiring an additional 4,032,727 shares during the last quarter. Finally, Harding Loevner LP boosted its position in Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after acquiring an additional 2,966,978 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

WARNING: “Credit Suisse Group Boosts Facebook (FB) Price Target to $232.00” was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/credit-suisse-group-boosts-facebook-fb-price-target-to-232-00/1803185.html.

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)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with Analyst Ratings Network's FREE daily email newsletter.