Brokerages Set Facebook, Inc. (NASDAQ:FB) Price Target at $224.84

Shares of Facebook, Inc. (NASDAQ:FB) have been given an average recommendation of “Buy” by the forty-eight analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $224.84.

Several brokerages have issued reports on FB. SunTrust Banks reissued a “buy” rating and set a $215.00 target price on shares of Facebook in a research note on Tuesday, July 23rd. BMO Capital Markets cut their target price on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 23rd. Royal Bank of Canada reissued a “buy” rating and set a $260.00 target price on shares of Facebook in a research note on Thursday, July 25th. Goldman Sachs Group set a $228.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Facebook in a research note on Monday, July 22nd.

Shares of NASDAQ FB traded down $5.54 during trading on Thursday, hitting $181.28. The company had a trading volume of 15,753,694 shares, compared to its average volume of 17,210,574. The company has a market cap of $516.30 billion, a P/E ratio of 23.95, a PEG ratio of 1.10 and a beta of 1.01. Facebook has a 52 week low of $123.02 and a 52 week high of $208.66. The business’s 50-day moving average is $185.34 and its 200 day moving average is $184.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm’s revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. On average, research analysts expect that Facebook will post 8.03 EPS for the current year.

In other news, CEO Mark Zuckerberg sold 125,600 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $190.62, for a total transaction of $23,941,872.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 1,134 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now directly owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The disclosure for this sale can be found here. Insiders have sold 2,691,472 shares of company stock valued at $500,472,871 in the last ninety days. 14.53% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of FB. Oregon Public Employees Retirement Fund raised its position in Facebook by 13,908.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares in the last quarter. Nuveen Asset Management LLC raised its position in Facebook by 5,336.8% in the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after purchasing an additional 22,082,561 shares in the last quarter. Invesco Ltd. raised its position in Facebook by 36.5% in the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after purchasing an additional 9,368,684 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of Facebook by 231.7% during the second quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock worth $1,363,295,000 after buying an additional 4,934,406 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Facebook by 2.8% during the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock worth $29,270,846,000 after buying an additional 4,114,043 shares in the last quarter. 63.18% of the stock is owned by hedge funds and other institutional investors.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

Featured Story: Return On Assets

Analyst Recommendations for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.