Wedbush reaffirmed their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note published on Thursday.

Other equities research analysts have also issued research reports about the stock. UBS AG restated a buy rating and issued a $165.00 target price on shares of Facebook in a report on Wednesday, April 19th. Jefferies Group LLC restated a buy rating and issued a $175.00 target price on shares of Facebook in a report on Wednesday, April 19th. Aegis raised their target price on shares of Facebook from $155.00 to $160.00 and gave the stock a buy rating in a report on Monday, April 17th. Instinet restated a buy rating and issued a $165.00 target price on shares of Facebook in a report on Saturday, April 22nd. Finally, Loop Capital restated a buy rating and issued a $175.00 target price on shares of Facebook in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and four have issued a strong buy rating to the company. Facebook has an average rating of Buy and an average price target of $180.91.

Facebook (NASDAQ FB) traded down 1.6172% during mid-day trading on Thursday, reaching $169.6611. 11,710,448 shares of the company’s stock traded hands. The stock has a market capitalization of $492.73 billion, a PE ratio of 37.9725 and a beta of 0.67. 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 12-month low of $113.55 and a 12-month high of $175.49.

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

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In other Facebook news, CEO Mark Zuckerberg sold 286,387 shares of Facebook stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $148.40, for a total transaction of $42,499,830.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $165.29, for a total transaction of $123,967.50. Following the sale, the vice president now owns 83,906 shares of the company’s stock, valued at $13,868,822.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,160,716 shares of company stock worth $1,602,152,681. 19.08% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in FB. Arcadia Investment Management Corp MI boosted its stake 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 stake 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. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter valued at approximately $121,000. Farmers & Merchants Investments Inc. boosted its stake 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. Finally, Cable Hill Partners LLC boosted its stake 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 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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