Facebook (NASDAQ:FB) has been given a $225.00 target price by Atlantic Securities in a research report issued on Thursday. The brokerage currently has a “buy” rating on the social networking company’s stock. Atlantic Securities’ price objective would suggest a potential upside of 16.53% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research note on Wednesday, January 10th. Aegis increased their price objective on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. set a $242.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays increased their price objective on shares of Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $210.36.
Shares of Facebook (FB) traded up $6.20 on Thursday, hitting $193.09. 45,441,772 shares of the stock were exchanged, compared to its average volume of 24,522,162. The stock has a market cap of $561,000.00, a P/E ratio of 35.80, a PEG ratio of 1.06 and a beta of 0.68. Facebook has a 1-year low of $130.30 and a 1-year high of $195.32.
In related news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $180.27, for a total value of $2,884,320.00. Following the sale, the insider now directly owns 49,816 shares of the company’s stock, valued at $8,980,330.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 5,587 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. Insiders sold 1,564,837 shares of company stock worth $281,533,757 over the last three months. Corporate insiders own 17.23% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. raised its stake in shares of Facebook by 517.3% during 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 purchasing an additional 323,648 shares during the period. Ledyard National Bank raised its stake in shares of Facebook by 6.7% during the second quarter. Ledyard National Bank now owns 34,203 shares of the social networking company’s stock valued at $5,164,000 after purchasing an additional 2,150 shares during the period. Abner Herrman & Brock LLC raised its stake in shares of Facebook by 12.9% during 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 purchasing an additional 3,402 shares during the period. Eqis Capital Management Inc. raised its stake in shares of Facebook by 17.3% during 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 purchasing an additional 2,251 shares during the period. Finally, Vigilant Capital Management LLC raised its stake in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 57.81% 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.
