Jefferies Group LLC reaffirmed their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a report released on Thursday. Jefferies Group LLC currently has a $192.00 target price on the social networking company’s stock, up from their previous target price of $175.00.

FB has been the topic of several other research reports. Stifel Nicolaus restated a buy rating and set a $200.00 price objective (up previously from $170.00) on shares of Facebook in a report on Thursday. Royal Bank Of Canada restated an outperform rating and set a $195.00 price objective (up previously from $185.00) on shares of Facebook in a report on Thursday. Raymond James Financial, Inc. raised their price objective on Facebook from $180.00 to $215.00 and gave the stock a strong-buy rating in a report on Thursday. Aegis restated a buy rating and set a $200.00 price objective (up previously from $185.00) on shares of Facebook in a report on Thursday. Finally, Cowen and Company restated an outperform rating and set a $195.00 price objective (up previously from $180.00) on shares of Facebook in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned 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.

Facebook (NASDAQ:FB) traded down 1.86% during midday trading on Thursday, reaching $169.25. The company’s stock had a trading volume of 25,195,570 shares. The firm has a market cap of $491.54 billion, a price-to-earnings ratio of 37.88 and a beta of 0.67. The company has a 50 day moving average price of $156.22 and a 200 day moving average price of $144.53. Facebook has a 1-year low of $113.55 and a 1-year high of $175.49.

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

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In other Facebook news, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $165.29, for a total transaction of $123,967.50. Following the completion of the sale, 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. In the last 90 days, insiders have sold 10,160,716 shares of company stock valued at $1,602,152,681. 19.08% of the stock is currently owned by corporate insiders.

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