Facebook Inc (NASDAQ:FB)‘s stock had its “outperform” rating reaffirmed by investment analysts at Oppenheimer in a research report issued on Saturday, MarketBeat Ratings reports.

A number of other equities analysts have also issued reports on the company. Raymond James reissued an “outperform” rating and set a $125.00 price target (up previously from $120.00) on shares of Facebook in a report on Saturday. Macquarie reissued an “outperform” rating and set a $150.00 price target (up previously from $120.00) on shares of Facebook in a report on Saturday. Evercore ISI reissued a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Facebook in a report on Saturday. Vetr lowered Facebook from a “strong-buy” rating to a “hold” rating and set a $110.40 price target on the stock. in a report on Thursday. Finally, Deutsche Bank reissued a “buy” rating and set a $145.00 price target (up previously from $125.00) on shares of Facebook in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and forty-eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $127.13.

Several large investors have modified their holdings of the company. Nisa Investment Advisors boosted its stake in shares of Facebook by 1.9% in the fourth quarter. Nisa Investment Advisors now owns 536,266 shares of the social networking company’s stock valued at $56,125,000 after buying an additional 9,900 shares in the last quarter. J. M. Hartwell Limited Partnership boosted its stake in shares of Facebook by 13.4% in the fourth quarter. J. M. Hartwell Limited Partnership now owns 283,590 shares of the social networking company’s stock valued at $29,681,000 after buying an additional 33,500 shares in the last quarter. Park National boosted its stake in shares of 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 in the last quarter. Narwhal Capital Management boosted its stake in shares of Facebook by 28.3% in the fourth quarter. Narwhal Capital Management now owns 7,991 shares of the social networking company’s stock valued at $836,000 after buying an additional 1,761 shares in the last quarter. Finally, Reynolds Capital Management boosted its stake in shares of Facebook by 93.8% in the fourth quarter. Reynolds Capital Management now owns 15,700 shares of the social networking company’s stock valued at $1,643,000 after buying an additional 7,600 shares in the last quarter.

In other Facebook news, insider Christopher K. Cox sold 15,500 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $102.53, for a total value of $1,589,215.00. Following the completion of the transaction, the insider now directly owns 593,457 shares of the company’s stock, valued at $60,847,146.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marc L. Andreessen sold 309,464 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $102.92, for a total transaction of $31,850,034.88. The disclosure for this sale can be found here.

Facebook (NASDAQ:FB) traded up 2.84% during midday trading on Friday, hitting $112.21. The stock had a trading volume of 62,739,548 shares. The firm has a market cap of $316.99 billion and a P/E ratio of 86.98. Facebook has a 12-month low of $72.00 and a 12-month high of $112.84. The stock has a 50-day moving average price of $101.61 and a 200 day moving average price of $98.05.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 27th. The social networking company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.36 billion. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. On average, equities analysts anticipate that Facebook will post $3.11 earnings per share for the current fiscal year.

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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