Facebook, Inc. (NASDAQ:FB) had its price target raised by Raymond James Financial, Inc. from $180.00 to $215.00 in a research note released on Thursday morning. The firm currently has a strong-buy rating on the social networking company’s stock.

FB has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a buy rating and set a $200.00 price objective (up from $170.00) on shares of Facebook in a report on Thursday. Cowen and Company reaffirmed an outperform rating and set a $195.00 price objective (up from $180.00) on shares of Facebook in a report on Thursday. Aegis reaffirmed a buy rating and set a $200.00 price objective (up from $185.00) on shares of Facebook in a report on Thursday. Bank of America Corporation reaffirmed a buy rating and set a $190.00 price objective (up from $180.00) on shares of Facebook in a report on Thursday. Finally, Royal Bank Of Canada reaffirmed an outperform rating and set a $195.00 price objective (up from $185.00) on shares of Facebook in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and four have issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $180.91.

Shares of Facebook (NASDAQ FB) traded down 1.86% on Thursday, hitting $169.25. 25,386,831 shares of the stock traded hands. Facebook has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a market cap of $491.54 billion, a P/E ratio of 37.88 and a beta of 0.67. The stock has a 50-day moving average price of $156.22 and a 200 day moving average price of $144.53.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS 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 firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. Equities research analysts predict that Facebook will post $5.23 EPS for the current fiscal year.

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In other news, Director Susan Desmond-Hellmann sold 209 shares of the 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 filing with the SEC, which is available at this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 79,830 shares in the company, valued at approximately $12,227,561.10. The disclosure for this sale can be found here. Insiders have sold 10,160,716 shares of company stock valued at $1,602,152,681 in the last quarter. 19.08% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. First Financial Corp IN increased 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 valued at $346,000 after buying an additional 11 shares in the last quarter. Hartford Financial Management Inc. increased its position in 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. Enterprise Financial Services Corp increased its position in Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after buying an additional 21 shares in the last quarter. Barrington Strategic Wealth Management Group LLC increased its position in 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 valued at $232,000 after buying an additional 25 shares in the last quarter. Finally, Wagner Bowman Management Corp increased its position in Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after buying an additional 25 shares in the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.

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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