Facebook (NASDAQ:FB) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $202.09 price objective on the social networking company’s stock. Vetr‘s price objective would suggest a potential upside of 14.05% from the stock’s current price.

FB has been the subject of several other reports. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays boosted their price objective on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC upped their price target on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $200.81.

Shares of Facebook (NASDAQ:FB) traded down $0.25 during trading hours on Tuesday, hitting $177.20. 8,462,491 shares of the stock traded hands, compared to its average volume of 16,120,000. Facebook has a 52 week low of $114.77 and a 52 week high of $184.25. The firm has a market cap of $514,910.00, a P/E ratio of 32.94, a PEG ratio of 1.13 and a beta of 0.69.

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

In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $170.10, for a total transaction of $127,575.00. Following the transaction, the vice president now owns 92,191 shares in the company, valued at approximately $15,681,689.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Thiel sold 160,805 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,818,989 shares of company stock worth $861,374,803. 17.23% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of FB. Hartford Financial Management Inc. increased its position in Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after buying an additional 16 shares in the last quarter. Regal Investment Advisors LLC increased its position in Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after buying an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC increased its position in Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after buying an additional 19 shares in the last quarter. Wagner Bowman Management Corp increased its position in Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after buying an additional 25 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

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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)

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