Facebook (NASDAQ:FB)‘s stock had its “buy” rating reiterated by JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $195.00 target price on the social networking company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 15.32% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Facebook from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 11th. ValuEngine raised shares of Facebook from a “hold” rating to a “buy” rating in a report on Friday, July 6th. BidaskClub downgraded shares of Facebook from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Barclays reissued a “buy” rating and issued a $190.00 price target on shares of Facebook in a report on Wednesday, June 27th. Finally, Macquarie reissued a “buy” rating and issued a $200.00 price target on shares of Facebook in a report on Wednesday, June 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and an average price target of $206.65.

FB traded up $2.15 during trading on Wednesday, hitting $169.10. 124,695 shares of the company traded hands, compared to its average volume of 23,732,212. The firm has a market cap of $479.06 billion, a P/E ratio of 27.39, a PEG ratio of 1.06 and a beta of 0.49. Facebook has a one year low of $149.02 and a one year high of $218.62.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). The business had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. Facebook had a net margin of 39.31% and a return on equity of 28.16%. Facebook’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the company earned $1.32 earnings per share. equities analysts predict that Facebook will post 7.08 EPS for the current year.

In related news, CEO Mark Zuckerberg sold 240,000 shares of the firm’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $216.71, for a total value of $52,010,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 10,600 shares of the firm’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $194.13, for a total value of $2,057,778.00. Following the transaction, the insider now directly owns 123,482 shares of the company’s stock, valued at approximately $23,971,560.66. The disclosure for this sale can be found here. Insiders sold 8,352,713 shares of company stock valued at $1,601,924,187 in the last ninety days. 17.23% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Old Port Advisors purchased a new position in shares of Facebook in the 2nd quarter worth about $314,000. Rehmann Capital Advisory Group raised its position in shares of Facebook by 7.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 10,261 shares of the social networking company’s stock worth $1,987,000 after purchasing an additional 743 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Facebook in the 2nd quarter worth about $205,542,000. Northern Trust Corp raised its position in shares of Facebook by 0.8% in the 2nd quarter. Northern Trust Corp now owns 26,909,979 shares of the social networking company’s stock worth $5,229,147,000 after purchasing an additional 224,531 shares during the last quarter. Finally, SP Asset Management purchased a new position in shares of Facebook in the 2nd quarter worth about $141,967,000. 60.39% of the stock is owned by institutional investors and hedge funds.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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