Credit Suisse Group reissued their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $190.00 price objective on the social networking company’s stock, up from their previous price objective of $180.00.

Several other brokerages have also recently weighed in on FB. Zacks Investment Research raised shares of Facebook from a hold rating to a strong-buy rating and set a $189.00 price target on the stock in a research report on Monday, July 24th. J P Morgan Chase & Co raised their price target on shares of Facebook from $172.60 to $210.00 and gave the company an overweight rating in a research report on Thursday. They noted that the move was a valuation call. Piper Jaffray Companies raised their price target on shares of Facebook to $195.00 and gave the company a positive rating in a research report on Thursday. William Blair reaffirmed an outperform rating on shares of Facebook in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG raised their price target on shares of Facebook from $185.00 to $189.00 and gave the company a buy rating in a research report on Friday, July 21st. Two equities 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 given a strong buy rating to the company’s stock. Facebook presently has an average rating of Buy and a consensus price target of $180.91.

Facebook (NASDAQ FB) traded down 1.6172% during mid-day trading on Thursday, hitting $169.6611. The company had a trading volume of 11,710,448 shares. The firm has a market capitalization of $492.73 billion, a PE ratio of 37.9725 and a beta of 0.67. The company’s 50 day moving average price is $156.22 and its 200-day moving average price is $144.53. Facebook has a 12-month low of $113.55 and a 12-month high of $175.49.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. On average, analysts forecast that Facebook will post $5.23 EPS for the current fiscal year.

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In related news, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $144.67, for a total transaction of $30,236.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $153.17, for a total transaction of $114,877.50. Following the transaction, the vice president now owns 79,830 shares in the company, valued at approximately $12,227,561.10. The disclosure for this sale can be found here. Insiders sold 10,160,716 shares of company stock worth $1,602,152,681 in the last 90 days. Corporate insiders own 19.08% of the company’s stock.

Several institutional investors have recently made changes to their positions in FB. Enterprise Financial Services Corp boosted its position in shares of Facebook by 115.7% in the second quarter. Enterprise Financial Services Corp now owns 4,581 shares of the social networking company’s stock valued at $692,000 after buying an additional 2,457 shares in the last quarter. Hartford Financial Management Inc. boosted its position 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 valued at $224,000 after buying an additional 16 shares in the last quarter. IPG Investment Advisors LLC boosted its position in shares of Facebook by 103.0% in the second quarter. IPG Investment Advisors LLC now owns 44,193 shares of the social networking company’s stock valued at $6,672,000 after buying an additional 22,425 shares in the last quarter. Parsec Financial Management Inc. boosted its position in shares of Facebook by 1.8% in the second quarter. Parsec Financial Management Inc. now owns 31,136 shares of the social networking company’s stock valued at $4,701,000 after buying an additional 538 shares in the last quarter. Finally, Markel Corp boosted its position in shares of Facebook by 25.5% in the second quarter. Markel Corp now owns 98,500 shares of the social networking company’s stock valued at $14,872,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 57.62% 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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