Facebook (FB) Given New $175.00 Price Target at BMO Capital Markets

Facebook (NASDAQ:FB) had its target price lowered by BMO Capital Markets from $190.00 to $175.00 in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a market perform rating on the social networking company’s stock.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Facebook from a strong-buy rating to a hold rating in a report on Wednesday, July 11th. ValuEngine raised shares of Facebook from a hold rating to a buy rating in a report on Friday, July 6th. Loop Capital decreased their price target on shares of Facebook to $200.00 and set a buy rating on the stock in a report on Wednesday. Mizuho decreased their price target on shares of Facebook from $245.00 to $220.00 and set a buy rating on the stock in a report on Wednesday. Finally, Oppenheimer decreased their price target on shares of Facebook from $200.00 to $185.00 and set an outperform rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Facebook currently has a consensus rating of Buy and a consensus target price of $195.56.

Shares of NASDAQ:FB traded down $1.35 during trading on Wednesday, hitting $150.44. 20,232,329 shares of the company were exchanged, compared to its average volume of 24,995,324. The company has a market cap of $424.77 billion, a P/E ratio of 24.42, a P/E/G ratio of 0.93 and a beta of 0.42. Facebook has a 52-week low of $139.03 and a 52-week high of $218.62.

Facebook (NASDAQ:FB) last posted its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. The firm had revenue of $13.73 billion for the quarter, compared to the consensus estimate of $13.82 billion. Facebook had a return on equity of 28.18% and a net margin of 37.57%. The business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. Equities analysts forecast that Facebook will post 7.06 earnings per share for the current year.

In other news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $180.72, for a total transaction of $9,939,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 210,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $185.45, for a total value of $38,944,500.00. The disclosure for this sale can be found here. Insiders have sold 3,626,282 shares of company stock worth $641,081,083 over the last ninety days. Insiders own 17.23% of the company’s stock.

Large investors have recently made changes to their positions in the company. Commerce Bank boosted its holdings in shares of Facebook by 1.4% during the first quarter. Commerce Bank now owns 379,115 shares of the social networking company’s stock worth $60,579,000 after purchasing an additional 5,299 shares during the period. Adirondack Trust Co. boosted its holdings in shares of Facebook by 10.9% during the first quarter. Adirondack Trust Co. now owns 6,611 shares of the social networking company’s stock worth $1,137,000 after purchasing an additional 648 shares during the period. Aviance Capital Partners LLC boosted its holdings in shares of Facebook by 97.8% during the first quarter. Aviance Capital Partners LLC now owns 31,730 shares of the social networking company’s stock worth $5,070,000 after purchasing an additional 15,687 shares during the period. Zions Bancorporation purchased a new stake in shares of Facebook during the first quarter worth about $1,350,000. Finally, BerganKDV Wealth Management LLC purchased a new stake in shares of Facebook during the first quarter worth about $626,000. 60.30% of the stock is currently owned by hedge funds and other institutional investors.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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