Facebook, Inc. (NASDAQ:FB) had its price objective hoisted by Piper Jaffray Companies to $195.00 in a report released on Thursday, The Fly reports. The firm currently has a positive rating on the social networking company’s stock.

FB has been the topic of a number of other research reports. Canaccord Genuity reiterated a buy rating and issued a $175.00 target price on shares of Facebook in a research report on Friday, June 16th. Vetr cut shares of Facebook from a buy rating to a hold rating and set a $156.06 target price on the stock. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Thursday, May 4th. Finally, Instinet reiterated a buy rating and issued a $165.00 target price on shares of Facebook in a research report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have given a buy rating and four have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $180.91.

Facebook (NASDAQ:FB) traded down 1.61% during mid-day trading on Thursday, reaching $169.67. The company had a trading volume of 11,708,397 shares. The firm has a market capitalization of $492.75 billion, a price-to-earnings ratio of 37.97 and a beta of 0.67. Facebook has a 12-month low of $113.55 and a 12-month high of $175.49. The firm has a 50-day moving average price of $156.22 and a 200 day moving average price of $144.53.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s revenue was up 44.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Analysts expect that Facebook will post $5.23 EPS for the current year.

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In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $164.28, for a total transaction of $2,628,480.00. Following the completion of the sale, the insider now directly owns 196,871 shares of the company’s stock, valued at $32,341,967.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $153.17, for a total transaction of $114,877.50. Following the sale, the vice president now directly owns 79,830 shares of the company’s stock, valued at $12,227,561.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,160,716 shares of company stock valued at $1,602,152,681. 19.08% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI boosted its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. boosted its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the period. Cohen Capital Management Inc. purchased a new stake in shares of Facebook during the first quarter worth about $121,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the period. Finally, Cable Hill Partners LLC boosted its stake in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. 57.62% of the stock is owned by institutional investors and hedge funds.

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.

The Fly

Analyst Recommendations for Facebook (NASDAQ:FB)

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