Today, Facebook Inc. (FB) Given “Buy” Rating at Credit Suisse Group AG

Today, Facebook Inc. (FB) Given “Buy” Rating at Credit Suisse Group AG

Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reiterated by equities researchers at Credit Suisse Group AG in a research note issued on Monday. They presently have a $170.00 price objective on the social networking company’s stock. Credit Suisse Group AG’s target price would suggest a potential upside of 32.94% from the stock’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $170.00 price target on shares of Facebook in a research report on Friday, September 9th. Loop Capital assumed coverage on shares of Facebook in a research report on Thursday, September 22nd. They issued a “buy” rating and a $165.00 price target for the company. They noted that the move was a valuation call. Credit Agricole SA reissued a “buy” rating on shares of Facebook in a research report on Friday, September 23rd. Robert W. Baird reissued an “outperform” rating and issued a $155.00 price target on shares of Facebook in a research report on Tuesday, September 6th. Finally, Vetr downgraded shares of Facebook from a “buy” rating to a “hold” rating and set a $134.63 price target for the company. in a research report on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $150.30.

Facebook (NASDAQ:FB) opened at 127.88 on Monday. Facebook has a 12 month low of $89.37 and a 12 month high of $131.98. The company has a market capitalization of $367.23 billion, a price-to-earnings ratio of 61.13 and a beta of 0.77. The stock has a 50 day moving average of $128.26 and a 200 day moving average of $120.22.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.15. The company earned $6.44 billion during the quarter, compared to analyst estimates of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. Facebook’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Equities analysts anticipate that Facebook will post $3.94 EPS for the current fiscal year.

In other news, VP Colin Stretch sold 400 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $125.00, for a total value of $50,000.00. Following the completion of the transaction, the vice president now directly owns 88,940 shares of the company’s stock, valued at approximately $11,117,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $121.08, for a total value of $1,888,848.00. Following the completion of the transaction, the insider now directly owns 388,392 shares of the company’s stock, valued at $47,026,503.36. The disclosure for this sale can be found here. 19.08% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stelac Advisory Services LLC bought a new position in Facebook during the first quarter valued at approximately $106,000. Capital Advisors Ltd. LLC raised its position in Facebook by 182.2% in the third quarter. Capital Advisors Ltd. LLC now owns 1,092 shares of the social networking company’s stock valued at $140,000 after buying an additional 705 shares during the last quarter. Bartlett & Co. LLC raised its position in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares during the last quarter. West Oak Capital LLC raised its position in Facebook by 53.3% in the third quarter. West Oak Capital LLC now owns 1,150 shares of the social networking company’s stock valued at $148,000 after buying an additional 400 shares during the last quarter. Finally, Kings Point Capital Management raised its position in Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares during the last quarter. 56.63% of the stock is owned by hedge funds and other institutional investors.

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