Facebook (NASDAQ:FB) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Thursday. They presently have a $199.43 price target on the social networking company’s stock. Vetr‘s price target indicates a potential upside of 10.68% from the stock’s previous close.

Several other brokerages also recently weighed in on FB. Robert W. Baird reiterated a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Pivotal Research reiterated a “sell” rating and issued a $140.00 price objective on shares of Facebook in a research report on Wednesday, September 6th. Mizuho reiterated a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $215.00 price target (up from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $200.75.

Facebook (FB) traded up $1.79 during trading on Thursday, hitting $180.18. 26,225,100 shares of the stock were exchanged, compared to its average volume of 16,747,133. Facebook has a one year low of $114.77 and a one year high of $184.25. The company has a market cap of $518,367.09, a P/E ratio of 34.37, a P/E/G ratio of 1.14 and a beta of 0.69.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ 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 last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. sell-side analysts expect that Facebook will post 5.86 earnings per share for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 247,452 shares of Facebook stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $171.75, for a total value of $42,499,881.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David B. Fischer sold 16,621 shares of Facebook stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold 5,066,441 shares of company stock worth $903,750,174 over the last ninety days. 17.23% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares during the last quarter. Truepoint Inc. lifted its stake in shares of Facebook by 16,822.1% in the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after buying an additional 6,100,871 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Finally, Harding Loevner LP lifted its stake in shares of Facebook by 229.7% in the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after buying an additional 2,966,978 shares during the last quarter. Hedge funds and other institutional investors 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Facebook (NASDAQ:FB)

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