Needham & Company LLC reissued their buy rating on shares of Facebook Inc (NASDAQ:FB) in a research note released on Wednesday, AnalystRatings.Net reports. Needham & Company LLC currently has a $115.00 price objective on the social networking company’s stock.

In other Facebook news, VP Colin Stretch sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 77,924 shares of the company’s stock, valued at $8,053,445.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jas Athwal sold 3,901 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $102.00, for a total value of $397,902.00. Following the completion of the sale, the chief accounting officer now directly owns 114,908 shares of the company’s stock, valued at approximately $11,720,616. The disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. Beacon Capital Management raised 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. Integrated Wealth Management increased its stake in shares of Facebook by 0.3% in the fourth quarter. Integrated Wealth Management now owns 11,462 shares of the social networking company’s stock valued at $1,200,000 after buying an additional 35 shares during the last quarter. Prentiss Smith & Co. Inc. increased its stake in shares of Facebook by 0.5% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 7,038 shares of the social networking company’s stock valued at $737,000 after buying an additional 38 shares during the last quarter. Campbell Newman Asset Management increased its stake in shares of Facebook by 0.5% in the fourth quarter. Campbell Newman Asset Management now owns 8,762 shares of the social networking company’s stock valued at $917,000 after buying an additional 45 shares during the last quarter. Finally, Mathes Company Inc. increased its stake in shares of Facebook by 0.8% in the fourth quarter. Mathes Company Inc. now owns 6,325 shares of the social networking company’s stock valued at $662,000 after buying an additional 50 shares during the last quarter.

A number of other brokerages have also recently issued reports on FB. Deutsche Bank restated a buy rating and set a $125.00 price objective on shares of Facebook in a report on Thursday, January 14th. Jefferies Group set a $130.00 price objective on shares of Facebook and gave the company a buy rating in a report on Tuesday, October 20th. Vetr cut shares of Facebook from a buy rating to a hold rating and set a $110.56 price objective for the company. in a report on Tuesday, December 1st. Mizuho restated a buy rating and set a $125.00 price objective (up previously from $107.00) on shares of Facebook in a report on Monday, November 2nd. Finally, FBR & Co. restated a buy rating on shares of Facebook in a report on Tuesday, December 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $127.93.

Facebook (NASDAQ:FB) traded up 2.57% on Wednesday, hitting $115.09. 46,132,726 shares of the stock were exchanged. The company has a 50 day moving average of $102.00 and a 200 day moving average of $98.35. Facebook has a one year low of $72.00 and a one year high of $115.72. The stock has a market capitalization of $327.58 billion and a P/E ratio of 89.01.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 27th. The social networking company reported $0.79 EPS for the quarter, topping the consensus estimate 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. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, equities research analysts forecast that Facebook will post $3.14 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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