Facebook, Inc. (NASDAQ:FB) received a $215.00 price objective from equities researchers at Atlantic Securities in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the social networking company’s stock. Atlantic Securities’ target price would suggest a potential upside of 19.40% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $230.00 target price (down from $235.00) on shares of Facebook in a research note on Thursday. J P Morgan Chase & Co set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $230.00 target price (up from $225.00) on shares of Facebook in a research note on Thursday. Cantor Fitzgerald upped their target price on shares of Facebook to $220.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Stifel Nicolaus cut their target price on shares of Facebook from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus price target of $195.14.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS.

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In related news, Director Jan Koum sold 2,953,492 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $170.17, for a total value of $502,595,733.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.16, for a total value of $135,120.00. Following the completion of the transaction, the vice president now directly owns 88,841 shares of the company’s stock, valued at approximately $16,005,594.56. The disclosure for this sale can be found here. Insiders have sold 8,306,683 shares of company stock valued at $1,441,300,245 in the last three months. Insiders own 19.08% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI raised its stake in Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares in the last quarter. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares in the last quarter. Pacific Center for Financial Services raised its stake in Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Facebook during the second quarter worth about $138,000. 57.27% of the stock is owned by institutional investors and hedge funds.

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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