Piper Jaffray Companies restated their buy rating on shares of Facebook (NASDAQ:FB) in a research report sent to investors on Thursday. They currently have a $210.00 target price on the social networking company’s stock.

FB has been the subject of several other reports. Credit Suisse Group reaffirmed an outperform rating and set a $232.00 price objective (up from $230.00) on shares of Facebook in a research report on Monday, January 8th. Stifel Nicolaus cut Facebook from a buy rating to a hold rating in a research report on Friday, January 12th. Barclays upped their price objective on Facebook from $215.00 to $225.00 and gave the stock a buy rating in a research report on Thursday. Wells Fargo & Co set a $215.00 price objective on Facebook and gave the stock a buy rating in a research report on Friday, October 6th. Finally, Atlantic Securities set a $215.00 price objective on Facebook and gave the stock a buy rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Facebook has an average rating of Buy and a consensus target price of $214.57.

Facebook (NASDAQ:FB) opened at $190.28 on Thursday. Facebook has a one year low of $130.30 and a one year high of $195.32. The company has a market capitalization of $552,917.19, a price-to-earnings ratio of 35.30, a P/E/G ratio of 1.00 and a beta of 0.59.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. research analysts anticipate that Facebook will post 7.16 EPS for the current year.

In other Facebook news, Director Jan Koum sold 594,246 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $179.35, for a total transaction of $106,578,020.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares of the company’s stock, valued at $14,456,613.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,564,763 shares of company stock valued at $281,520,506. 17.23% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Hartford Financial Management Inc. raised its stake in shares of Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares in the last quarter. Regal Investment Advisors LLC increased its stake in Facebook by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC increased its stake in Facebook by 0.5% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after purchasing an additional 19 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in Facebook by 2.1% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after purchasing an additional 30 shares in the last quarter. Finally, Aspen Investment Management Inc increased its stake in Facebook by 0.4% in the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after purchasing an additional 30 shares in the last quarter. 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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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