The RBC Capital Markets Reiterates $130.00 Price Target for the Facebook Inc. (FB)

The RBC Capital Markets Reiterates $130.00 Price Target for the Facebook Inc. (FB)

RBC Capital Markets set a $130.00 target price on Facebook Inc. (NASDAQ:FB) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the social networking company’s stock.

Several other equities analysts have also recently issued reports on the company. Citigroup Inc. boosted their price objective on Facebook from $148.00 to $158.00 and gave the company a buy rating in a report on Monday, September 19th. Evercore ISI reaffirmed a buy rating and issued a $155.00 price target (down previously from $165.00) on shares of Facebook in a report on Friday, December 16th. Loop Capital started coverage on Facebook in a 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. Cowen and Company reaffirmed an outperform rating and issued a $150.00 price target on shares of Facebook in a report on Monday, September 26th. Finally, Vetr cut Facebook from a buy rating to a hold rating and set a $131.43 price target for the company. in a report on Monday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, forty-four have given a buy rating and three have given a strong buy rating to the stock. Facebook has a consensus rating of Buy and an average price target of $149.81.

Facebook (NASDAQ:FB) opened at 117.40 on Tuesday. The stock has a market cap of $338.37 billion, a PE ratio of 45.26 and a beta of 0.68. The firm’s 50-day moving average price is $119.23 and its 200 day moving average price is $122.54. Facebook has a 12-month low of $89.37 and a 12-month high of $133.50.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The company earned $7 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm’s revenue was up 55.8% compared to the same quarter last year. Analysts anticipate that Facebook will post $4.09 EPS for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $127.63, for a total value of $95,722.50. Following the completion of the transaction, the vice president now owns 85,190 shares in the company, valued at approximately $10,872,799.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jan Koum sold 931,222 shares of the company’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $129.31, for a total transaction of $120,416,316.82. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock valued at $15,940,195,000 after buying an additional 3,400,653 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock valued at $9,456,572,000 after buying an additional 2,402,049 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Facebook by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 61,107,258 shares of the social networking company’s stock valued at $7,838,228,000 after buying an additional 1,659,217 shares during the period. Capital World Investors boosted its position in Facebook by 2.8% in the third quarter. Capital World Investors now owns 34,067,024 shares of the social networking company’s stock valued at $4,369,777,000 after buying an additional 935,732 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Facebook by 3.7% in the third quarter. BlackRock Fund Advisors now owns 30,413,666 shares of the social networking company’s stock valued at $3,901,161,000 after buying an additional 1,092,664 shares during the period. Hedge funds and other institutional investors own 56.09% of the company’s stock.

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