Facebook (NASDAQ:FB) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

Other analysts have also issued reports about the company. BMO Capital Markets restated a “hold” rating and issued a $210.00 target price (up from $170.00) on shares of Facebook in a research note on Wednesday, July 25th. Wells Fargo & Co restated a “buy” rating and issued a $220.00 target price (down from $250.00) on shares of Facebook in a research note on Thursday, July 26th. UBS Group lowered Facebook from a “buy” rating to a “neutral” rating and lowered their target price for the company from $212.00 to $180.00 in a research note on Thursday, July 26th. Raymond James lowered Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 target price for the company. in a research note on Thursday, July 26th. Finally, Wedbush restated a “buy” rating and issued a $250.00 target price on shares of Facebook in a research note on Thursday, July 26th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average price target of $194.54.

Facebook stock opened at $132.43 on Wednesday. Facebook has a 52-week low of $126.85 and a 52-week high of $218.62. The firm has a market cap of $405.33 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 0.85 and a beta of 0.55.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The firm had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same period in the prior year, the company posted $1.59 earnings per share. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. Equities analysts anticipate that Facebook will post 7.35 EPS for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 263,210 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $174.21, for a total transaction of $45,853,814.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Susan J.S. Taylor sold 2,112 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $137.50, for a total value of $290,400.00. Following the transaction, the insider now owns 6,927 shares in the company, valued at approximately $952,462.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,739,660 shares of company stock worth $298,124,908. 16.25% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Baker Ellis Asset Management LLC bought a new position in shares of Facebook during the 3rd quarter valued at about $119,000. Cribstone Capital Management LLC lifted its holdings in shares of Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock valued at $121,000 after purchasing an additional 406 shares in the last quarter. IMA Wealth Inc. bought a new position in shares of Facebook during the 2nd quarter valued at about $122,000. Trust Department MB Financial Bank N A bought a new position in shares of Facebook during the 2nd quarter valued at about $134,000. Finally, Aviance Capital Management LLC bought a new position in shares of Facebook during the 2nd quarter valued at about $151,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

About Facebook

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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