Vetr Upgrades Facebook (FB) to Strong-Buy

Vetr upgraded shares of Facebook (NASDAQ:FB) from a buy rating to a strong-buy rating in a research note released on Monday morning. Vetr currently has $210.11 price objective on the social networking company’s stock.

Several other analysts also recently issued reports on the company. Argus raised their price target on Facebook from $215.00 to $237.00 and gave the stock a buy rating in a report on Friday, February 2nd. Mizuho raised their target price on Facebook from $230.00 to $250.00 and gave the company a buy rating in a research report on Thursday, February 1st. Goldman Sachs Group set a $225.00 target price on Facebook and gave the company a buy rating in a research report on Thursday, February 1st. Atlantic Securities set a $225.00 target price on Facebook and gave the company a buy rating in a research report on Thursday, February 1st. Finally, Morningstar set a $198.00 target price on Facebook and gave the company a neutral rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $214.59.

Shares of Facebook (NASDAQ:FB) opened at $180.18 on Monday. The stock has a market capitalization of $538,475.31, a P/E ratio of 33.43, a P/E/G ratio of 0.97 and a beta of 0.59. Facebook has a 1-year low of $132.44 and a 1-year high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. sell-side analysts anticipate that Facebook will post 7.22 earnings per share for the current year.

In related news, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the completion of the transaction, the vice president now owns 84,246 shares in the company, valued at $14,456,613.60. The disclosure for this sale can be found here. Insiders sold a total of 1,548,013 shares of company stock worth $278,500,923 over the last 90 days. Insiders own 17.23% of the company’s stock.

Several institutional investors have recently modified their holdings of FB. Great West Life Assurance Co. Can boosted its position in shares of Facebook by 8.9% in the second quarter. Great West Life Assurance Co. Can now owns 2,120,281 shares of the social networking company’s stock worth $319,705,000 after buying an additional 173,362 shares during the period. American Research & Management Co. boosted its position in shares of Facebook by 1.5% in the second quarter. American Research & Management Co. now owns 2,359 shares of the social networking company’s stock worth $356,000 after buying an additional 35 shares during the period. Mcrae Capital Management Inc. boosted its position in shares of Facebook by 1.9% in the second quarter. Mcrae Capital Management Inc. now owns 2,904 shares of the social networking company’s stock worth $438,000 after buying an additional 53 shares during the period. Winfield Associates Inc. boosted its position in shares of Facebook by 3.5% in the second quarter. Winfield Associates Inc. now owns 14,048 shares of the social networking company’s stock worth $2,121,000 after buying an additional 471 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Facebook during the second quarter valued at $260,000. 57.80% of the stock is owned by institutional investors and hedge funds.

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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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