Cantor Fitzgerald reiterated their overweight rating on shares of Facebook, Inc. (NASDAQ:FB) in a report issued on Thursday morning. Cantor Fitzgerald currently has a $190.00 target price on the social networking company’s stock, up from their previous target price of $180.00.

A number of other equities analysts also recently weighed in on the stock. Pacific Crest reissued an overweight rating and issued a $155.00 price target on shares of Facebook in a report on Monday, April 24th. Needham & Company LLC boosted their price target on shares of Facebook from $150.00 to $165.00 and gave the stock a buy rating in a report on Friday, April 28th. Wedbush set a $185.00 price target on shares of Facebook and gave the stock a buy rating in a report on Thursday, May 4th. Morgan Stanley reaffirmed a buy rating and set a $175.00 price objective on shares of Facebook in a report on Thursday, May 4th. Finally, Nomura set a $165.00 price objective on shares of Facebook and gave the company a buy rating in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and four have given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $180.91.

Shares of Facebook (NASDAQ FB) traded down 1.86% during mid-day trading on Thursday, reaching $169.25. 25,195,570 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $156.22 and its 200 day moving average price is $144.53. Facebook has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a market cap of $491.54 billion, a PE ratio of 37.88 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. On average, equities research analysts predict 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 firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $150.05, for a total transaction of $2,400,800.00. Following the completion of the sale, the insider now owns 165,431 shares of the company’s stock, valued at $24,822,921.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $165.29, for a total value of $123,967.50. Following the sale, the vice president now directly owns 83,906 shares of the company’s stock, valued at approximately $13,868,822.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,160,716 shares of company stock valued at $1,602,152,681. 19.08% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. First Financial Corp IN boosted its stake in shares of Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock worth $346,000 after buying an additional 11 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after buying an additional 21 shares during the last quarter. Barrington Strategic Wealth Management Group LLC boosted its stake in shares of Facebook by 1.3% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 2,015 shares of the social networking company’s stock worth $232,000 after buying an additional 25 shares during the last quarter. Finally, Wagner Bowman Management Corp boosted its stake in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares during the last quarter. 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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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