Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by analysts at Piper Jaffray Companies in a report issued on Wednesday.

Several other equities research analysts have also weighed in on FB. Cowen and Company reiterated an “outperform” rating and issued a $195.00 price objective on shares of Facebook in a research note on Thursday, August 10th. Citigroup Inc. reiterated a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research note on Wednesday, September 27th. FBN Securities reiterated an “outperform” rating and issued a $120.00 price objective on shares of Facebook in a research note on Wednesday, September 27th. Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, KeyCorp reiterated a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus price target of $185.38.

Shares of Facebook (NASDAQ:FB) traded up 0.6369% during mid-day trading on Wednesday, hitting $172.6828. The company had a trading volume of 9,450,469 shares. The firm’s 50 day moving average is $170.20 and its 200-day moving average is $157.86. The firm has a market cap of $409.32 billion, a PE ratio of 38.6315 and a beta of 0.70. 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 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue was up 44.8% compared to the same quarter last year. On average, equities analysts expect that Facebook will post $5.34 EPS for the current year.

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In related news, Director Jan Koum sold 3,600,000 shares of Facebook stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total value of $576,216,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the completion of the transaction, the director now directly owns 6,311 shares in the company, valued at $1,087,069.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,743,670 shares of company stock valued at $2,094,328,523. 19.08% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC grew its stake in shares of Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after buying an additional 6,740 shares during the last quarter. ING Groep NV grew its stake in shares of Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after buying an additional 37,822 shares during the last quarter. Grand Jean Capital Management Inc. grew its stake in shares of Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after buying an additional 15,910 shares during the last quarter. Segment Wealth Management LLC grew its stake in shares of Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after buying an additional 4,485 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Facebook during the first quarter worth $94,601,000. 57.26% of the stock is currently owned by institutional investors and hedge funds.

About Facebook

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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