Facebook (NASDAQ:FB) Given a $310.00 Price Target at Jefferies Financial Group

Facebook (NASDAQ:FB) received a $310.00 price objective from equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the social networking company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 21.69% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Robert W. Baird upped their price target on shares of Facebook from $240.00 to $300.00 in a report on Thursday, June 25th. Royal Bank of Canada boosted their price objective on Facebook from $271.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Cfra lowered Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. MKM Partners upped their price target on shares of Facebook from $240.00 to $290.00 in a research report on Wednesday, July 15th. Finally, Susquehanna Bancshares lifted their price objective on shares of Facebook from $285.00 to $310.00 and gave the company a “positive” rating in a research report on Friday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average target price of $282.26.

FB stock opened at $254.75 on Wednesday. The company has a market capitalization of $725.74 billion, a PE ratio of 31.11, a P/E/G ratio of 1.75 and a beta of 1.25. The business’s fifty day moving average price is $270.08 and its 200 day moving average price is $222.61. Facebook has a 12-month low of $137.10 and a 12-month high of $304.67.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.36. The company had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 22.90%. Sell-side analysts expect that Facebook will post 8.06 EPS for the current fiscal year.

In other news, CRO David B. Fischer sold 13,110 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $293.95, for a total value of $3,853,684.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jennifer Newstead sold 426 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $295.54, for a total transaction of $125,900.04. Following the transaction, the vice president now owns 4,286 shares of the company’s stock, valued at $1,266,684.44. The disclosure for this sale can be found here. Insiders sold a total of 32,901 shares of company stock worth $9,107,858 over the last quarter. 14.14% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Watson Rebecca bought a new position in Facebook in the second quarter worth $25,000. JJJ Advisors Inc. increased its stake in Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 105 shares during the period. Demars Financial Group LLC acquired a new position in Facebook in the second quarter worth about $39,000. HHM Wealth Advisors LLC acquired a new stake in Facebook during the first quarter valued at approximately $41,000. Finally, Elmwood Wealth Management Inc. bought a new stake in shares of Facebook in the 1st quarter valued at approximately $46,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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