Facebook (NASDAQ:FB) Given a $163.00 Price Target at Morningstar

Morningstar set a $163.00 price objective on Facebook (NASDAQ:FB) in a research note issued to investors on Friday, January 19th. The brokerage currently has a neutral rating on the social networking company’s stock.

A number of other research analysts have also weighed in on FB. Vetr upgraded Facebook from a hold rating to a buy rating and set a $180.74 target price on the stock in a report on Monday, September 25th. Zacks Investment Research upgraded Facebook from a hold rating to a buy rating and set a $191.00 price target on the stock in a report on Tuesday, September 26th. Wells Fargo & Co reissued an outperform rating and issued a $215.00 target price (up from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Cowen reissued an average rating and issued a $200.00 target price (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Finally, Citigroup reissued a buy rating and issued a $200.00 target price on shares of Facebook in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $214.70.

Shares of Facebook (NASDAQ:FB) opened at $176.41 on Friday. Facebook has a one year low of $132.55 and a one year high of $195.32. The company has a market capitalization of $512,470.00, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Zacks’ 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. equities research analysts anticipate that Facebook will post 7.22 earnings per share for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total transaction of $42,498,431.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $179.63, for a total value of $2,874,080.00. Following the transaction, the insider now directly owns 56,622 shares of the company’s stock, valued at approximately $10,171,009.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,509,220 shares of company stock valued at $271,586,498. Corporate insiders own 17.23% of the company’s stock.

Several hedge funds have recently bought and sold shares of FB. Palisade Capital Management LLC NJ grew its stake in shares of Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after buying an additional 602 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after buying an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after buying an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after buying an additional 11,940 shares during the last quarter. Finally, Birinyi Associates Inc. grew its stake in shares of Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after buying an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 57.67% of the company’s stock.

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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.

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