Facebook, Inc. (NASDAQ:FB) had its price target increased by Aegis from $165.00 to $185.00 in a report issued on Monday, Marketbeat reports. The brokerage currently has a buy rating on the social networking company’s stock.

FB has been the topic of several other reports. UBS AG restated a buy rating and set a $165.00 target price on shares of Facebook in a report on Wednesday, April 19th. Royal Bank Of Canada restated a buy rating and set a $185.00 target price on shares of Facebook in a report on Tuesday, July 11th. Barclays PLC restated an overweight rating and set a $168.00 target price (up from $160.00) on shares of Facebook in a report on Wednesday, July 12th. Pivotal Research restated a hold rating and set a $140.00 target price on shares of Facebook in a report on Monday. Finally, Bank of America Corporation restated a buy rating and set a $170.00 target price on shares of Facebook in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $166.98.

Shares of Facebook (NASDAQ:FB) traded up 0.09% during trading on Monday, reaching $164.68. The company had a trading volume of 4,017,443 shares. The stock’s 50-day moving average price is $153.80 and its 200-day moving average price is $142.68. Facebook has a 52 week low of $113.55 and a 52 week high of $165.70. The company has a market capitalization of $477.27 billion, a PE ratio of 41.87 and a beta of 0.67. Facebook also saw unusually large options trading on Wednesday. Traders bought 124,719 put options on the stock. This represents an increase of 183% compared to the average daily volume of 44,047 put options.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, May 3rd. The social networking company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.83 billion. During the same period in the previous year, the business earned $0.77 EPS. Facebook’s quarterly revenue was up 49.2% on a year-over-year basis. On average, equities analysts expect that Facebook will post $4.87 EPS for the current fiscal year.

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In other Facebook news, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total value of $30,236.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $159.87, for a total transaction of $119,902.50. Following the completion of the transaction, the vice president now owns 84,656 shares in the company, valued at approximately $13,533,954.72. The disclosure for this sale can be found here. Insiders sold a total of 13,360,724 shares of company stock valued at $2,082,694,238 over the last ninety days. 19.08% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Vicus Capital raised its position in shares of Facebook by 13.2% in the second quarter. Vicus Capital now owns 6,896 shares of the social networking company’s stock worth $1,041,000 after buying an additional 805 shares during the period. Brouwer & Janachowski LLC raised its position in shares of Facebook by 1.2% in the second quarter. Brouwer & Janachowski LLC now owns 17,095 shares of the social networking company’s stock worth $2,581,000 after buying an additional 210 shares during the period. Crossvault Capital Management LLC raised its position in shares of Facebook by 13.5% in the second quarter. Crossvault Capital Management LLC now owns 3,494 shares of the social networking company’s stock worth $528,000 after buying an additional 415 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Facebook by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 11,675 shares of the social networking company’s stock worth $1,763,000 after buying an additional 50 shares during the period. Finally, Dubuque Bank & Trust Co. raised its position in shares of Facebook by 0.4% in the second quarter. Dubuque Bank & Trust Co. now owns 58,315 shares of the social networking company’s stock worth $8,804,000 after buying an additional 249 shares during the period. Institutional investors own 57.63% 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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