Facebook (NASDAQ:FB) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $198.52 price objective on the social networking company’s stock. Vetr‘s price target points to a potential upside of 10.18% from the company’s previous close.

A number of other equities analysts have also recently commented on FB. SunTrust Banks started coverage on shares of Facebook in a research note on Tuesday, August 15th. They issued a “buy” rating and a $210.00 price objective for the company. Robert W. Baird reissued a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Pivotal Research reissued a “sell” rating and issued a $140.00 price objective on shares of Facebook in a research report on Wednesday, September 6th. Mizuho reissued a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $200.75.

Shares of Facebook (FB) traded up $1.79 during trading hours on Wednesday, hitting $180.18. 26,225,100 shares of the company’s stock were exchanged, compared to its average volume of 16,747,133. Facebook has a 1-year low of $114.77 and a 1-year high of $184.25. The stock has a market cap of $523,568.47, a PE ratio of 34.72, a P/E/G ratio of 1.15 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the company posted $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. analysts forecast that Facebook will post 5.86 earnings per share for the current year.

In related news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the completion of the transaction, the insider now directly owns 178,802 shares of the company’s stock, valued at approximately $30,523,289.42. The disclosure for this sale can be found here. Insiders sold a total of 5,066,441 shares of company stock worth $903,750,174 over the last quarter. Insiders own 17.23% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hartford Financial Management Inc. boosted its holdings in Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC boosted its holdings in Facebook by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares during the period. Halbert Hargrove Russell LLC boosted its holdings in Facebook by 0.5% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares during the period. Wagner Bowman Management Corp boosted its holdings in Facebook by 0.5% in the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after acquiring an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC boosted its holdings in Facebook by 2.1% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after acquiring an additional 30 shares during the period. 57.86% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Facebook (FB) Upgraded at Vetr” was published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/17/facebook-fb-upgraded-at-vetr.html.

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.

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

Analyst Recommendations for Facebook (NASDAQ:FB)

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