Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating restated by analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday. They currently have a $215.00 target price on the social networking company’s stock. SunTrust Banks, Inc.’s target price suggests a potential upside of 20.17% from the company’s previous close.

Several other analysts have also recently weighed in on FB. Zacks Investment Research cut shares of Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $200.00 price target (up previously from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reissued a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Finally, Macquarie set a $175.00 price target on shares of Facebook and gave the company a “buy” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $196.91.

Shares of Facebook (FB) opened at $178.92 on Friday. Facebook has a one year low of $113.55 and a one year high of $182.90. The stock has a market cap of $519.62 billion, a PE ratio of 34.47, a P/E/G ratio of 1.28 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the prior year, the company earned $1.09 EPS. Facebook’s revenue was up 47.3% compared to the same quarter last year. analysts predict that Facebook will post 5.45 earnings per share for the current year.

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In related news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $180.16, for a total value of $135,120.00. Following the transaction, the vice president now directly owns 88,841 shares of the company’s stock, valued at approximately $16,005,594.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Koum sold 2,600,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. Insiders sold a total of 8,306,683 shares of company stock worth $1,441,300,245 over the last ninety days. Insiders own 19.08% of the company’s stock.

A number of institutional investors have recently modified their holdings of FB. Braun Stacey Associates Inc. grew its position in Facebook by 5.2% during the 1st quarter. Braun Stacey Associates Inc. now owns 138,375 shares of the social networking company’s stock worth $19,656,000 after purchasing an additional 6,845 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Facebook by 52.7% in the first quarter. IFP Advisors Inc now owns 122,554 shares of the social networking company’s stock valued at $17,409,000 after acquiring an additional 42,308 shares in the last quarter. First Midwest Bank Trust Division boosted its holdings in shares of Facebook by 0.4% in the first quarter. First Midwest Bank Trust Division now owns 49,576 shares of the social networking company’s stock valued at $7,042,000 after acquiring an additional 205 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of Facebook by 46.2% in the first quarter. Leavell Investment Management Inc. now owns 11,071 shares of the social networking company’s stock valued at $1,573,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. purchased a new stake in shares of Facebook in the first quarter valued at about $224,000. 57.27% of the stock is currently owned by institutional investors.

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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