Facebook (NASDAQ:FB) has been given a $198.00 price objective by equities research analysts at Morningstar in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the social networking company’s stock. Morningstar’s price objective suggests a potential upside of 2.54% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price for the company in a research report on Wednesday, January 10th. Aegis upped their target price on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. set a $242.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays upped their target price on Facebook from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $210.36.
Shares of Facebook (NASDAQ:FB) traded up $6.20 during trading on Thursday, reaching $193.09. The company’s stock had a trading volume of 45,441,772 shares, compared to its average volume of 24,522,162. The company has a market capitalization of $561,000.00, a PE ratio of 35.80, a P/E/G ratio of 1.06 and a beta of 0.68. Facebook has a 52-week low of $130.30 and a 52-week high of $195.32.
In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares in the company, valued at $14,456,613.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David B. Fischer sold 5,587 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The disclosure for this sale can be found here. Insiders sold 1,564,837 shares of company stock valued at $281,533,757 over the last 90 days. 17.23% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Hartford Financial Management Inc. boosted its holdings in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 18 shares during the last quarter. Halbert Hargrove Russell LLC boosted its holdings in Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after acquiring an additional 19 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its holdings in Facebook by 2.1% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after acquiring an additional 30 shares during the last quarter. Finally, Aspen Investment Management Inc boosted its holdings in Facebook by 0.4% in the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares during the last quarter. 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.
