Vetr downgraded shares of Facebook Inc (NASDAQ:FB) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday, Analyst Ratings.Net reports. Vetr currently has $110.40 price objective on the social networking company’s stock.

Shares of Facebook (NASDAQ:FB) opened at 109.11 on Thursday. The company’s 50-day moving average is $101.40 and its 200 day moving average is $97.89. The firm has a market capitalization of $308.56 billion and a P/E ratio of 109.55. Facebook has a 52-week low of $72.00 and a 52-week high of $110.65.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 27th. The social networking company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.11. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm earned $5.84 billion during the quarter, compared to the consensus estimate of $5.36 billion. The company’s revenue was up 51.7% on a year-over-year basis. Analysts expect that Facebook will post $2.88 EPS for the current fiscal year.

In other news, Director Marc L. Andreessen sold 309,464 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $102.92, for a total value of $31,850,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $103.35, for a total value of $103,350.00. Following the completion of the transaction, the vice president now directly owns 77,924 shares of the company’s stock, valued at $8,053,445.40. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Beacon Financial Group raised its position in Facebook by 39.7% in the fourth quarter. Beacon Financial Group now owns 3,435 shares of the social networking company’s stock valued at $364,000 after buying an additional 976 shares during the last quarter. Park National raised its position in Facebook by 44.0% in the fourth quarter. Park National now owns 4,709 shares of the social networking company’s stock valued at $493,000 after buying an additional 1,439 shares during the last quarter. Stillwater Investment Management raised its position in Facebook by 0.4% in the fourth quarter. Stillwater Investment Management now owns 35,119 shares of the social networking company’s stock valued at $3,676,000 after buying an additional 150 shares during the last quarter. Centre Asset Management raised its position in Facebook by 0.4% in the fourth quarter. Centre Asset Management now owns 143,310 shares of the social networking company’s stock valued at $14,999,000 after buying an additional 640 shares during the last quarter. Finally, Detwiler Fenton Investment Management bought a new position in Facebook during the fourth quarter valued at approximately $505,000.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank boosted their price objective on Facebook from $125.00 to $145.00 and gave the company a buy rating in a research note on Thursday. JPMorgan Chase & Co. set a $136.00 price objective on Facebook and gave the company a buy rating in a research note on Thursday. Goldman Sachs set a $130.00 price objective on Facebook and gave the company a buy rating in a research note on Thursday. Credit Suisse set a $140.00 price target on Facebook and gave the company a buy rating in a research report on Thursday. Finally, Robert W. Baird set a $120.00 price target on Facebook and gave the company a buy rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and forty-nine have issued a buy rating to the company. Facebook currently has a consensus rating of Buy and a consensus price target of $124.93.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

12 Month Chart for NASDAQ:FB

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