Facebook (NASDAQ:FB) has been assigned a $235.00 target price by research analysts at JMP Securities in a note issued to investors on Thursday. The firm presently has a “buy” rating on the social networking company’s stock. JMP Securities’ target price indicates a potential upside of 21.70% from the company’s current price.
A number of other equities research analysts have also commented on FB. KeyCorp reaffirmed an “overweight” rating and set a $245.00 price target (up previously from $220.00) on shares of Facebook in a research report on Thursday. UBS Group set a $214.00 price target on Facebook and gave the stock a “buy” rating in a research report on Thursday. Barclays raised their price target on Facebook from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $210.00 price target on shares of Facebook in a research report on Thursday. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 price target (up previously from $170.00) on shares of Facebook in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $210.36.
Facebook (NASDAQ:FB) traded up $6.20 during trading hours 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. Facebook has a 1 year low of $130.30 and a 1 year high of $195.32. The firm has a market capitalization of $561,000.00, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.
In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total value of $135,262.50. Following the completion of the transaction, the vice president now directly owns 88,091 shares in the company, valued at $15,887,211.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $1,048,456.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,564,837 shares of company stock valued at $281,533,757. Corporate insiders own 17.23% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Palisade Capital Management LLC NJ boosted its stake in shares of Facebook by 2.4% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after acquiring an additional 602 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Facebook by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after purchasing an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Facebook by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after purchasing an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Facebook by 2.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after purchasing an additional 11,940 shares during the last quarter. Finally, Birinyi Associates Inc. lifted its holdings in Facebook by 11.7% during the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after purchasing an additional 3,200 shares during the last quarter. 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.
