Facebook (FB) Stock Rating Upgraded by Vetr

Vetr upgraded shares of Facebook (NASDAQ:FB) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday. They currently have $202.09 price target on the social networking company’s stock.

FB has been the topic of several other reports. Credit Suisse Group restated a buy rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a buy rating in a research report on Friday, October 20th. Barclays boosted their price objective on Facebook from $200.00 to $215.00 and gave the company an overweight rating in a research report on Thursday, November 2nd. Robert W. Baird restated a buy rating and issued a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Finally, Needham & Company LLC boosted their price objective on Facebook from $185.00 to $215.00 and gave the company a buy rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $200.81.

Facebook (FB) traded down $0.25 during midday trading on Tuesday, reaching $177.20. The company had a trading volume of 8,498,301 shares, compared to its average volume of 18,555,108. The stock has a market capitalization of $515,635.63, a P/E ratio of 34.34, a PEG ratio of 1.13 and a beta of 0.69. Facebook has a 12 month low of $114.77 and a 12 month high of $184.25.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $9.84 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 47.3% on a year-over-year basis. research analysts anticipate that Facebook will post 5.86 EPS for the current year.

In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $170.10, for a total transaction of $127,575.00. Following the transaction, the vice president now owns 92,191 shares of the company’s stock, valued at $15,681,689.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 249,527 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $170.32, for a total value of $42,499,438.64. The disclosure for this sale can be found here. Insiders have sold 4,818,989 shares of company stock worth $861,374,803 over the last three months. 17.23% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D. Scott Neal Inc. grew its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook during the third quarter worth $111,000. Farmers & Merchants Investments Inc. lifted its holdings in Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Facebook during the second quarter worth $138,000. Finally, Vigilant Capital Management LLC lifted its holdings in Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares during the period. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Facebook (NASDAQ:FB)

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