Royal Bank Of Canada reissued their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a report released on Thursday. Royal Bank Of Canada currently has a $195.00 price target on the social networking company’s stock, up from their previous price target of $185.00.

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

Facebook (NASDAQ FB) traded down 1.86% on Thursday, reaching $169.25. 25,386,831 shares of the company’s stock were exchanged. The stock has a market cap of $491.54 billion, a price-to-earnings ratio of 37.88 and a beta of 0.67. Facebook has a one year low of $113.55 and a one year high of $175.49. The firm has a 50 day moving average of $156.22 and a 200-day moving average of $144.53.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Equities research analysts forecast that Facebook will post $5.23 EPS for the current fiscal year.

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In other news, COO Sheryl Sandberg sold 163,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $149.55, for a total value of $24,451,425.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were 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 ninety days, insiders sold 10,160,716 shares of company stock worth $1,602,152,681. 19.08% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Selkirk Management LLC purchased a new stake in shares of Facebook during the fourth quarter worth $3,106,000. Envestnet Asset Management Inc. increased its position in shares of Facebook by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 240,103 shares of the social networking company’s stock worth $27,619,000 after buying an additional 2,350 shares during the last quarter. Tyers Asset Management LLC bought a new position in shares of Facebook during the fourth quarter worth approximately $34,083,000. Asturias Capital LLC bought a new position in shares of Facebook during the fourth quarter worth approximately $10,726,000. Finally, Arrowpoint Asset Management LLC increased its position in shares of Facebook by 5.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 15,400 shares of the social networking company’s stock worth $1,772,000 after buying an additional 808 shares during 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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