Facebook (NASDAQ:FB)‘s stock had its “buy” rating restated by equities researchers at Raymond James in a research report issued to clients and investors on Friday. They currently have a $210.00 price objective on the social networking company’s stock. Raymond James’ price target would suggest a potential upside of 36.32% from the company’s previous close.

FB has been the topic of several other reports. Wedbush restated an “outperform” rating and issued a $275.00 price objective on shares of Facebook in a report on Friday, July 20th. Cleveland Research reaffirmed a “buy” rating on shares of Facebook in a research report on Thursday, September 13th. Oppenheimer reaffirmed a “buy” rating and issued a $200.00 target price on shares of Facebook in a research report on Thursday, July 26th. Citigroup downgraded Facebook to a “buy” rating and dropped their target price for the company from $220.00 to $210.00 in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, Credit Suisse Group dropped their target price on Facebook from $225.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, October 8th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $205.89.

Shares of NASDAQ FB traded down $0.87 during trading on Friday, hitting $154.05. 19,634,740 shares of the company were exchanged, compared to its average volume of 26,233,520. Facebook has a 12-month low of $149.02 and a 12-month high of $218.62. The firm has a market cap of $450.04 billion, a PE ratio of 25.01, a P/E/G ratio of 0.96 and a beta of 0.42.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.01). Facebook had a return on equity of 28.16% and a net margin of 39.31%. The company had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The firm’s revenue was up 41.9% on a year-over-year basis. As a group, equities research analysts expect that Facebook will post 7.07 earnings per share for the current fiscal year.

In related news, CEO Mark Zuckerberg sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $216.71, for a total value of $52,010,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $160.00, for a total value of $120,000.00. Following the completion of the transaction, the vice president now directly owns 92,394 shares of the company’s stock, valued at $14,783,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,562,446 shares of company stock valued at $825,027,731. Corporate insiders own 17.23% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in FB. Townsend & Associates Inc raised its stake in shares of Facebook by 6.6% during the second quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock worth $792,000 after purchasing an additional 254 shares during the last quarter. Winslow Evans & Crocker Inc. raised its stake in shares of Facebook by 2.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock worth $2,462,000 after purchasing an additional 274 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of Facebook by 18.6% during the second quarter. Valmark Advisers Inc. now owns 1,797 shares of the social networking company’s stock worth $349,000 after purchasing an additional 282 shares during the last quarter. Harvest Group Wealth Management LLC raised its stake in shares of Facebook by 2.4% during the first quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock worth $1,986,000 after purchasing an additional 286 shares during the last quarter. Finally, Truewealth LLC raised its stake in shares of Facebook by 7.1% during the second quarter. Truewealth LLC now owns 4,306 shares of the social networking company’s stock worth $837,000 after purchasing an additional 287 shares during the last quarter. 60.52% of the stock is owned by hedge funds and other institutional investors.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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