Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday.

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

Shares of Facebook (NASDAQ FB) opened at 173.74 on Wednesday. The firm has a 50-day moving average price of $170.57 and a 200-day moving average price of $158.31. The stock has a market cap of $504.58 billion, a PE ratio of 38.89 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 results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $9.32 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. Equities analysts forecast that Facebook will post $5.34 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Facebook, Inc. (FB) Rating Reiterated by Credit Suisse Group” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/10/11/facebook-inc-fb-stock-rating-reaffirmed-by-credit-suisse-group.html.

In other news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $172.89, for a total transaction of $2,766,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $159.87, for a total transaction of $119,902.50. Following the sale, the vice president now owns 84,656 shares of the company’s stock, valued at $13,533,954.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,393,963 shares of company stock valued at $1,563,744,456. 19.08% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the period. BlackRock Inc. raised its position in shares of Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. State Street Corp raised its position in shares of Facebook by 1.7% during the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the last quarter. Capital World Investors raised its position in shares of Facebook by 1.5% during the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Facebook by 0.4% during the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares during the last quarter. Institutional investors own 57.26% of the company’s stock.

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)

Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.