Facebook (NASDAQ:FB) has been given a $225.00 price objective by investment analysts at Goldman Sachs Group in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the social networking company’s stock. Goldman Sachs Group’s target price indicates a potential upside of 16.77% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Aegis raised their target price on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and set a $190.00 target price on shares of Facebook in a research report on Tuesday, October 31st. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Monness Crespi & Hardt raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Friday, October 27th. Finally, BidaskClub downgraded shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average target price of $210.36.
Facebook (NASDAQ:FB) traded up $5.80 during midday trading on Thursday, reaching $192.69. 43,572,612 shares of the company’s stock were exchanged, compared to its average volume of 20,020,000. The stock has a market cap of $559,110.00, a P/E ratio of 35.68, a price-to-earnings-growth 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 other Facebook news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $176.85, for a total transaction of $2,829,600.00. Following the completion of the sale, the insider now directly owns 48,407 shares in the company, valued at approximately $8,560,777.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $180.35, for a total transaction of $135,262.50. Following the sale, the vice president now owns 88,091 shares of the company’s stock, valued at $15,887,211.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,564,837 shares of company stock valued at $281,533,757. Company insiders own 17.23% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FB. Country Trust Bank increased its holdings in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares in the last quarter. Price Wealth Management Inc. purchased a new stake in Facebook in the 4th quarter worth $105,000. D. Scott Neal Inc. increased its holdings in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook in the 3rd quarter worth $111,000. Finally, Cerebellum GP LLC purchased a new stake in Facebook in the 4th quarter worth $122,000. Hedge funds and other 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.
