Facebook (NASDAQ:FB) had its price target boosted by Mizuho from $230.00 to $250.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the social networking company’s stock. Mizuho’s price objective indicates a potential upside of 29.47% from the stock’s current price.
A number of other brokerages also recently commented on FB. Royal Bank of Canada increased their price objective on Facebook to $250.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group set a $214.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday. Oppenheimer reissued a “buy” rating and set a $225.00 target price (up from $220.00) on shares of Facebook in a research note on Thursday. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Facebook has an average rating of “Buy” and a consensus price target of $210.79.
Shares of Facebook (NASDAQ:FB) traded up $6.20 during trading hours on Thursday, hitting $193.09. The stock had a trading volume of 53,643,728 shares, compared to its average volume of 24,703,115. Facebook has a one year low of $130.30 and a one year high of $195.32. The firm has a market cap of $561,690.00, a P/E ratio of 35.76, a PEG ratio of 1.06 and a beta of 0.68.
In other Facebook news, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the transaction, the insider now directly owns 381,521 shares of the company’s stock, valued at $71,661,089.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total transaction of $128,700.00. Following the transaction, the vice president now directly owns 84,246 shares in the company, valued at $14,456,613.60. The disclosure for this sale can be found here. Insiders have sold 1,564,837 shares of company stock worth $281,533,757 over the last three months. Company insiders own 17.23% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in FB. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Facebook by 517.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 386,211 shares of the social networking company’s stock valued at $58,310,000 after buying an additional 323,648 shares during the period. Ledyard National Bank lifted its stake in shares of Facebook by 6.7% in the second quarter. Ledyard National Bank now owns 34,203 shares of the social networking company’s stock valued at $5,164,000 after buying an additional 2,150 shares during the period. Abner Herrman & Brock LLC lifted its stake in shares of Facebook by 12.9% in the second quarter. Abner Herrman & Brock LLC now owns 29,770 shares of the social networking company’s stock valued at $4,495,000 after buying an additional 3,402 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of Facebook by 17.3% in the second quarter. Eqis Capital Management Inc. now owns 15,296 shares of the social networking company’s stock valued at $2,309,000 after buying an additional 2,251 shares during the period. Finally, Vigilant Capital Management LLC lifted its stake in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the period. Institutional investors own 57.81% 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.
