Facebook (NASDAQ:FB) Given a $242.00 Price Target by UBS Group Analysts

Facebook (NASDAQ:FB) has been given a $242.00 target price by investment analysts at UBS Group in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the social networking company’s stock. UBS Group’s target price points to a potential downside of 4.60% from the company’s current price.

A number of other equities research analysts have also recently issued reports on FB. Goldman Sachs Group reiterated a “buy” rating and issued a $303.00 price objective (up from $265.00) on shares of Facebook in a report on Friday. JMP Securities boosted their target price on shares of Facebook from $250.00 to $305.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets boosted their target price on shares of Facebook from $220.00 to $225.00 and gave the stock a “market perform” rating in a research report on Friday. Raymond James boosted their target price on shares of Facebook from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a research report on Friday. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $300.00 target price (up previously from $290.00) on shares of Facebook in a research report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $273.37.

Shares of NASDAQ:FB opened at $253.67 on Friday. The stock has a market capitalization of $722.73 billion, a PE ratio of 30.97, a P/E/G ratio of 1.81 and a beta of 1.19. Facebook has a 1 year low of $137.10 and a 1 year high of $255.85. The firm has a fifty day moving average price of $235.27 and a 200 day moving average price of $207.59. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.36. The firm had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. On average, sell-side analysts forecast that Facebook will post 7.4 earnings per share for the current fiscal year.

In other Facebook news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total value of $40,241.42. Following the completion of the transaction, the vice president now owns 406 shares in the company, valued at approximately $84,216.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $223.39, for a total value of $266,951.05. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares of the company’s stock, valued at approximately $703,008.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,591 shares of company stock valued at $14,894,825. Corporate insiders own 14.14% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Facebook by 1.2% during the first quarter. State Street Corp now owns 95,449,004 shares of the social networking company’s stock worth $15,920,894,000 after acquiring an additional 1,132,053 shares during the last quarter. Capital International Investors raised its position in shares of Facebook by 14.1% during the first quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock worth $8,604,068,000 after acquiring an additional 6,394,036 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Facebook by 2.1% during the first quarter. Geode Capital Management LLC now owns 34,812,327 shares of the social networking company’s stock worth $5,794,733,000 after acquiring an additional 723,655 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Facebook by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 21,748,552 shares of the social networking company’s stock worth $3,627,657,000 after acquiring an additional 1,251,202 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Facebook by 6.9% during the first quarter. Alliancebernstein L.P. now owns 18,712,332 shares of the social networking company’s stock worth $3,121,217,000 after acquiring an additional 1,205,780 shares during the last quarter. Institutional investors own 65.12% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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