Facebook, Inc. (FB) Given a $225.00 Price Target by Wedbush Analysts

Facebook, Inc. (NASDAQ:FB) has been assigned a $225.00 price objective by stock analysts at Wedbush in a note issued to investors on Monday. The firm currently has a “buy” rating on the social networking company’s stock. Wedbush’s price objective would indicate a potential upside of 26.49% from the company’s previous close.

A number of other analysts have also recently commented on the company. Oppenheimer Holdings, Inc. upped their price target on Facebook from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. JMP Securities reaffirmed an “outperform” rating and issued a $195.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target for the company in a research note on Monday, August 28th. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $186.72.

Facebook (NASDAQ:FB) opened at 177.88 on Monday. The stock has a 50 day moving average of $171.57 and a 200 day moving average of $160.60. Facebook has a 52 week low of $113.55 and a 52 week high of $178.21. The firm has a market cap of $516.60 billion, a PE ratio of 39.81 and a beta of 0.70.

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In other Facebook news, VP David B. Fischer sold 50,533 shares of Facebook stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $169.95, for a total value of $8,588,083.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $169.93, for a total value of $127,447.50. Following the completion of the sale, the vice president now owns 83,156 shares of the company’s stock, valued at $14,130,699.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,706,683 shares of company stock valued at $973,058,572. 19.08% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its holdings in shares of Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock valued at $40,366,000 after acquiring an additional 6,740 shares in the last quarter. ING Groep NV increased its holdings in shares of Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after acquiring an additional 37,822 shares in the last quarter. Grand Jean Capital Management Inc. increased its holdings in shares of Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock valued at $18,076,000 after acquiring an additional 15,910 shares in the last quarter. Segment Wealth Management LLC increased its holdings in shares of Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock valued at $1,042,000 after acquiring an additional 4,485 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Facebook during the first quarter valued at approximately $94,601,000. Hedge funds and other institutional investors own 57.27% of the company’s stock.

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.

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