Facebook, Inc. (NASDAQ:FB) had its price objective raised by Oppenheimer Holdings, Inc. from $170.00 to $195.00 in a research note issued to investors on Thursday morning. They currently have an outperform rating on the social networking company’s stock.

Other equities research analysts also recently issued reports about the company. UBS AG reaffirmed a buy rating and set a $165.00 price target on shares of Facebook in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a buy rating and set a $175.00 price target on shares of Facebook in a research note on Wednesday, April 19th. Aegis raised their price target on Facebook from $155.00 to $160.00 and gave the stock a buy rating in a research note on Monday, April 17th. Instinet reaffirmed a buy rating and set a $165.00 price target on shares of Facebook in a research note on Saturday, April 22nd. Finally, Loop Capital reaffirmed a buy rating and set a $175.00 price target on shares of Facebook in a research note on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $180.91.

Shares of Facebook (NASDAQ:FB) traded down 1.62% during mid-day trading on Thursday, hitting $169.65. The stock had a trading volume of 11,717,750 shares. Facebook has a one year low of $113.55 and a one year high of $175.49. The company has a 50-day moving average of $156.22 and a 200 day moving average of $144.53. The firm has a market cap of $492.70 billion, a price-to-earnings ratio of 37.97 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted 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. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company 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 business earned $0.97 EPS. The business’s quarterly revenue was up 44.8% on a year-over-year basis. On average, equities research analysts forecast that Facebook will post $5.23 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Facebook, Inc. (NASDAQ:FB) PT Raised to $195.00” was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/facebook-inc-nasdaqfb-pt-raised-to-195-00/1463829.html.

In related news, insider Michael Todd Schroepfer sold 37,919 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $151.21, for a total transaction of $5,733,731.99. Following the completion of the transaction, the insider now owns 733,360 shares in the company, valued at approximately $110,891,365.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now 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. Insiders have sold a total of 10,160,716 shares of company stock valued at $1,602,152,681 in the last 90 days. 19.08% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Enterprise Financial Services Corp increased its position in 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 during the period. 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 during the period. IPG Investment Advisors LLC increased its position in 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 during the period. Parsec Financial Management Inc. increased its position in 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 during the period. Finally, Markel Corp increased its position in 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 during the period. Institutional investors and hedge funds 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)

Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.