Facebook (NASDAQ:FB)‘s stock had its “buy” rating reiterated by equities researchers at Wells Fargo & Company in a research note issued to investors on Tuesday. They presently have a $215.00 target price on the social networking company’s stock. Wells Fargo & Company’s price target would indicate a potential upside of 24.40% from the stock’s previous close.

FB has been the topic of a number of other reports. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective on the stock in a research report on Monday, September 25th. Morgan Stanley restated an “overweight” rating and set a $195.00 target price (up previously from $190.00) on shares of Facebook in a report on Monday, October 2nd. Pivotal Research restated a “sell” rating and set a $140.00 target price on shares of Facebook in a report on Wednesday, September 6th. Atlantic Securities set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $185.00 target price on shares of Facebook in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $200.70.

Facebook (NASDAQ:FB) traded up $1.36 during mid-day trading on Tuesday, hitting $172.83. 20,184,900 shares of the company’s stock traded hands, compared to its average volume of 16,932,129. The stock has a market capitalization of $509,100.00, a P/E ratio of 33.04, a PEG ratio of 1.09 and a beta of 0.69. Facebook has a 52-week low of $114.77 and a 52-week high of $184.25.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. analysts expect that Facebook will post 5.86 earnings per share for the current fiscal year.

In related news, CEO Mark Zuckerberg sold 232,138 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.08, for a total value of $42,499,825.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David B. Fischer sold 16,621 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold a total of 5,195,022 shares of company stock valued at $924,578,276 over the last quarter. Corporate insiders own 17.23% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook during the third quarter valued at $111,000. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% during 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 period. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% during 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 period. Stelac Advisory Services LLC purchased a new position in shares of Facebook during the third quarter valued at $152,000. Finally, Pacific Center for Financial Services increased its stake in shares of Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 57.86% of the company’s stock.

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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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