Deutsche Bank AG reissued their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a research report report published on Thursday morning. They currently have a $215.00 price objective on the social networking company’s stock, up from their previous price objective of $189.00.

Several other analysts also recently issued reports on the company. Pacific Crest reissued an overweight rating and set a $155.00 target price on shares of Facebook in a research note on Monday, April 24th. Needham & Company LLC lifted their target price on Facebook from $150.00 to $165.00 and gave the company a buy rating in a research note on Friday, April 28th. Wedbush set a $185.00 target price on Facebook and gave the company a buy rating in a research note on Thursday, May 4th. Morgan Stanley reissued a buy rating and set a $175.00 target price on shares of Facebook in a research note on Thursday, May 4th. Finally, Nomura set a $165.00 target price on Facebook and gave the company a buy rating in a research note on Wednesday, May 3rd. Two 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 issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $180.91.

Facebook (NASDAQ FB) traded down 1.86% on Thursday, reaching $169.25. The company’s stock had a trading volume of 25,195,570 shares. The stock has a 50-day moving average of $156.22 and a 200-day moving average of $144.53. Facebook has a one year low of $113.55 and a one year high of $175.49. The stock has a market cap of $491.54 billion, a P/E ratio of 37.88 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the 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 return on equity of 21.73% and a net margin of 38.84%. The firm’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. On average, analysts predict that Facebook will post $5.23 EPS for the current fiscal year.

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In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $153.17, for a total transaction of $114,877.50. Following the sale, the vice president now owns 79,830 shares in the company, valued at $12,227,561.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,160,716 shares of company stock worth $1,602,152,681. 19.08% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. First Financial Corp IN raised its position in 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 in the last quarter. Hartford Financial Management Inc. raised 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 worth $224,000 after buying an additional 16 shares in the last quarter. Enterprise Financial Services Corp raised 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 worth $302,000 after buying an additional 21 shares in the last quarter. Barrington Strategic Wealth Management Group LLC raised 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 worth $232,000 after buying an additional 25 shares in the last quarter. Finally, Wagner Bowman Management Corp raised 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 worth $754,000 after buying an additional 25 shares in the last quarter. 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)

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