Facebook Inc (NASDAQ:FB)‘s stock had its “buy” rating reissued by equities research analysts at Pivotal Research in a research report issued on Tuesday, Analyst Ratings.Net reports.

Shares of Facebook (NASDAQ:FB) opened at 94.45 on Tuesday. Facebook has a 12 month low of $72.00 and a 12 month high of $110.65. The company’s 50 day moving average price is $101.26 and its 200 day moving average price is $97.81. The stock has a market capitalization of $267.10 billion and a PE ratio of 94.83.

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 analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities analysts anticipate that Facebook will post $2.17 earnings per share for the current fiscal year.

Several large investors have modified their holdings of FB. Beacon Capital Management increased its stake in shares of Facebook by 2.0% in the fourth quarter. Beacon Capital Management now owns 102 shares of the social networking company’s stock valued at $11,000 after buying an additional 2 shares in the last quarter. Lenox Wealth Advisors increased its stake in shares of Facebook by 2,037.1% in the fourth quarter. Lenox Wealth Advisors now owns 748 shares of the social networking company’s stock valued at $78,000 after buying an additional 713 shares in the last quarter. Baystate Wealth Management acquired a new stake in shares of Facebook during the fourth quarter valued at about $207,000. Signaturefd LLC increased its stake in shares of Facebook by 67.7% in the fourth quarter. Signaturefd LLC now owns 2,464 shares of the social networking company’s stock valued at $258,000 after buying an additional 995 shares in the last quarter. Finally, Endurance Wealth Management Inc. increased its stake in shares of Facebook by 29.0% in the fourth quarter. Endurance Wealth Management Inc. now owns 2,580 shares of the social networking company’s stock valued at $270,000 after buying an additional 580 shares in the last quarter.

Several other research analysts also recently weighed in on FB. SunTrust lowered their target price on Facebook from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday. Deutsche Bank reissued a “buy” rating and issued a $125.00 price target on shares of Facebook in a report on Thursday, January 14th. Vetr cut Facebook from a “buy” rating to a “hold” rating and set a $101.45 price target for the company. in a report on Monday, October 26th. Argus initiated coverage on Facebook in a report on Thursday, October 8th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $125.00 price target on shares of Facebook in a report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and forty-nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $121.32.

In other news, VP Colin Stretch sold 3,877 shares of the firm’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $93.78, for a total value of $363,585.06. Following the sale, the vice president now directly owns 74,723 shares of the company’s stock, valued at $7,007,522.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marc L. Andreessen sold 141,522 shares of the firm’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $108.72, for a total value of $15,386,271.84. The disclosure for this sale can be found here.

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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