Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by J P Morgan Chase & Co in a report released on Thursday. They currently have a $225.00 price objective on the social networking company’s stock. J P Morgan Chase & Co’s price objective points to a potential upside of 24.96% from the company’s previous close.

FB has been the subject of several other research reports. Barclays PLC reiterated an “overweight” rating and issued a $168.00 target price (up previously from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $192.00 price target (up previously from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price target for the company in a research note on Monday, September 25th. Royal Bank Of Canada restated a “buy” rating and set a $185.00 price target on shares of Facebook in a research note on Tuesday, July 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $195.00 price target (up previously from $190.00) on shares of Facebook in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $195.93.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue was up 47.3% on a year-over-year basis.

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In other Facebook news, Director Jan Koum sold 2,953,492 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $170.17, for a total transaction of $502,595,733.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the sale, the vice president now directly owns 92,591 shares in the company, valued at $15,204,368.11. The disclosure for this sale can be found here. Insiders sold a total of 8,306,683 shares of company stock worth $1,441,300,245 over the last ninety days. 19.08% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of FB. Wesbanco Bank Inc. increased its stake in shares of Facebook by 3.0% during the 3rd quarter. Wesbanco Bank Inc. now owns 78,703 shares of the social networking company’s stock worth $13,448,000 after purchasing an additional 2,305 shares during the last quarter. Keybank National Association OH increased its stake in shares of Facebook by 1.2% during the 3rd quarter. Keybank National Association OH now owns 758,695 shares of the social networking company’s stock worth $129,638,000 after purchasing an additional 8,882 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Facebook by 5.6% during the 3rd quarter. Prudential Financial Inc. now owns 6,040,566 shares of the social networking company’s stock worth $1,032,152,000 after purchasing an additional 319,228 shares during the last quarter. Progressive Investment Management Corp increased its stake in shares of Facebook by 41.1% during the 3rd quarter. Progressive Investment Management Corp now owns 35,733 shares of the social networking company’s stock worth $6,106,000 after purchasing an additional 10,417 shares during the last quarter. Finally, Smith Moore & CO. increased its stake in shares of Facebook by 12.7% during the 3rd quarter. Smith Moore & CO. now owns 7,584 shares of the social networking company’s stock worth $1,296,000 after purchasing an additional 857 shares during the last quarter. 57.27% of the stock is currently owned by hedge funds and other institutional investors.

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)

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