Cowen and Company restated their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note released on Thursday morning. The firm currently has a $195.00 price target on the social networking company’s stock, up from their prior price target of $180.00.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity reiterated a buy rating and issued a $175.00 target price on shares of Facebook in a research report on Friday, June 16th. Vetr cut shares of Facebook from a buy rating to a hold rating and set a $156.06 target price on the stock. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Thursday, May 4th. Finally, Instinet reiterated a buy rating and issued a $165.00 target price on shares of Facebook in a research report on Saturday, April 22nd. Two 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 assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $180.91.

Shares of Facebook (FB) traded down 1.86% on Thursday, hitting $169.25. 25,386,831 shares of the stock traded hands. The stock has a 50-day moving average price of $156.22 and a 200 day moving average price of $144.53. 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.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm’s 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 Facebook news, Director Susan Desmond-Hellmann sold 209 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $165.29, for a total transaction of $123,967.50. Following the transaction, the vice president now directly owns 83,906 shares in the company, valued at approximately $13,868,822.74. The disclosure for this sale can be found here. Insiders sold a total of 10,160,716 shares of company stock worth $1,602,152,681 in the last ninety days. 19.08% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI boosted its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares in the last quarter. Cohen Capital Management Inc. purchased a new stake in Facebook during the first quarter worth $121,000. Finally, Cable Hill Partners LLC boosted its stake in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 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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