BidaskClub cut shares of Facebook (NASDAQ:FB) from a hold rating to a sell rating in a research report sent to investors on Tuesday, September 18th.

A number of other research firms also recently commented on FB. Wells Fargo & Co reaffirmed a buy rating and set a $220.00 price objective (down previously from $250.00) on shares of Facebook in a research note on Thursday, July 26th. Wedbush reaffirmed a buy rating and set a $250.00 price objective on shares of Facebook in a research note on Thursday, July 26th. Monness Crespi & Hardt dropped their price objective on shares of Facebook from $225.00 to $205.00 and set a buy rating for the company in a research note on Thursday, July 26th. Citigroup downgraded shares of Facebook to a buy rating and dropped their target price for the stock from $220.00 to $210.00 in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp reissued a buy rating and set a $215.00 target price (down previously from $245.00) on shares of Facebook in a research report on Thursday, July 26th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $205.00.

NASDAQ:FB traded up $0.39 on Tuesday, reaching $153.74. The stock had a trading volume of 25,208,374 shares, compared to its average volume of 27,886,178. The firm has a market cap of $477.76 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.42. Facebook has a 12-month low of $149.02 and a 12-month high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook had a net margin of 39.31% and a return on equity of 28.16%. The firm had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. During the same quarter last year, the company posted $1.32 earnings per share. Facebook’s revenue for the quarter was up 41.9% on a year-over-year basis. As a group, equities analysts predict that Facebook will post 7.08 earnings per share for the current year.

In other news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $210.00, for a total transaction of $157,500.00. Following the completion of the transaction, the vice president now directly owns 88,615 shares in the company, valued at approximately $18,609,150. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 240,000 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $207.67, for a total value of $49,840,800.00. The disclosure for this sale can be found here. Insiders sold 6,052,146 shares of company stock valued at $1,136,174,749 in the last ninety days. 16.25% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Santori & Peters Inc. bought a new position in Facebook during the fourth quarter worth $116,000. Risk Paradigm Group LLC lifted its stake in Facebook by 81.4% during the fourth quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock worth $116,000 after purchasing an additional 294 shares during the last quarter. Cribstone Capital Management LLC lifted its stake in Facebook by 186.2% during the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after purchasing an additional 406 shares during the last quarter. IMA Wealth Inc. bought a new stake in Facebook in the second quarter valued at $122,000. Finally, Trust Department MB Financial Bank N A bought a new stake in Facebook in the second quarter valued at $134,000. Institutional investors own 60.43% 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. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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