UBS AG Analysts Give Facebook, Inc. (FB) a $208.00 Price Target

UBS AG set a $208.00 price objective on Facebook, Inc. (NASDAQ:FB) in a research note issued to investors on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the social networking company’s stock.

Other analysts have also issued reports about the company. Cowen and Company reaffirmed an average rating and set a $200.00 target price (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Deutsche Bank AG lifted their target price on Facebook from $185.00 to $189.00 and gave the stock a buy rating in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 target price on Facebook and gave the stock a buy rating in a research report on Wednesday, July 19th. Needham & Company LLC reissued a buy rating and issued a $185.00 price objective (up from $165.00) on shares of Facebook in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $185.00 price objective on shares of Facebook in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook has an average rating of Buy and a consensus target price of $196.91.

Shares of Facebook (NASDAQ:FB) remained flat at $$178.92 during midday trading on Thursday. The stock had a trading volume of 17,572,587 shares, compared to its average volume of 17,315,178. Facebook has a fifty-two week low of $113.55 and a fifty-two week high of $182.90. The firm has a market capitalization of $519,618.75, a PE ratio of 34.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. analysts forecast that Facebook will post 5.75 EPS for the current year.

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In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.16, for a total transaction of $135,120.00. Following the completion of the transaction, the vice president now owns 88,841 shares of the company’s stock, valued at $16,005,594.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 248,984 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $170.69, for a total transaction of $42,499,078.96. The disclosure for this sale can be found here. Insiders have sold 8,306,683 shares of company stock valued at $1,441,300,245 in the last ninety days. 19.08% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of FB. Janus Henderson Group PLC raised its position in Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares in the last quarter. Vanguard Group Inc. raised its position in Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. raised its position in Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares in the last quarter. Harbour Capital Advisors LLC raised its position in Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after purchasing an additional 2,523,918 shares in the last quarter. Finally, Magellan Asset Management Ltd raised its position in Facebook by 28.4% in the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after purchasing an additional 2,361,166 shares in the last quarter. 57.27% of the stock is owned by hedge funds and other institutional investors.

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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