Facebook Inc (NASDAQ:FB) has been given a $140.00 price target by equities researchers at Credit Suisse in a report issued on Thursday, Market Beat reports. The brokerage presently has a a “buy” rating on the social networking company’s stock. Credit Suisse’s price objective points to a potential upside of 21.71% from the company’s previous close.

In related news, VP Colin Stretch sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 26th. The stock was sold at an average price of $97.61, for a total value of $97,610.00. Following the transaction, the vice president now directly owns 73,723 shares of the company’s stock, valued at approximately $7,196,102.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jas Athwal sold 1,462 shares of the firm’s stock in a transaction on Friday, January 15th. The stock was sold at an average price of $93.81, for a total value of $137,150.22. Following the completion of the transaction, the chief accounting officer now directly owns 117,175 shares in the company, valued at $10,992,186.75. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in FB. Beacon Financial Group boosted its position in shares of Facebook by 39.7% in the fourth quarter. Beacon Financial Group now owns 3,435 shares of the social networking company’s stock worth $364,000 after buying an additional 976 shares in the last quarter. Park National boosted its stake in Facebook by 44.0% in the fourth quarter. Park National now owns 4,709 shares of the social networking company’s stock worth $493,000 after buying an additional 1,439 shares in the last quarter. Stillwater Investment Management boosted its stake in Facebook by 0.4% in the fourth quarter. Stillwater Investment Management now owns 35,119 shares of the social networking company’s stock worth $3,676,000 after buying an additional 150 shares in the last quarter. Centre Asset Management boosted its stake in Facebook by 0.4% in the fourth quarter. Centre Asset Management now owns 143,310 shares of the social networking company’s stock worth $14,999,000 after buying an additional 640 shares in the last quarter. Finally, Detwiler Fenton Investment Management acquired a new stake in Facebook during the fourth quarter worth approximately $505,000.

Shares of Facebook (NASDAQ:FB) traded up 2.57% on Thursday, hitting $115.09. The company’s stock had a trading volume of 46,132,726 shares. Facebook has a 52 week low of $72.00 and a 52 week high of $115.72. The firm has a market cap of $327.58 billion and a price-to-earnings ratio of 89.01. The stock’s 50-day moving average price is $102.00 and its 200-day moving average price is $98.35.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 27th. The social networking company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue was up 51.7% compared to the same quarter last year. Equities analysts expect that Facebook will post $3.14 earnings per share for the current fiscal year.

A number of other research analysts have also commented on the company. SunTrust reaffirmed a “buy” rating and issued a $120.00 price objective (down from $125.00) on shares of Facebook in a report on Monday, January 25th. Nomura upped their price objective on Facebook from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Facebook in a report on Thursday, January 14th. Vetr lowered Facebook from a “buy” rating to a “hold” rating and set a $101.45 price objective on the stock. in a report on Monday, October 26th. Finally, Argus began coverage on Facebook in a report on Thursday, October 8th. They issued a “buy” rating and a $115.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and forty-eight have given a buy rating to the company. Facebook currently has an average rating of “Buy” and a consensus price target of $127.93.

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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