Mizuho Raises Facebook (FB) Price Target to $230.00

Facebook (NASDAQ:FB) had its price target hoisted by Mizuho from $210.00 to $230.00 in a research note published on Thursday morning, The Fly reports. They currently have a buy rating on the social networking company’s stock.

A number of other research firms have also recently weighed in on FB. Monness Crespi & Hardt reissued a buy rating and issued a $250.00 target price (up previously from $225.00) on shares of Facebook in a research note on Thursday. Robert W. Baird upped their target price on shares of Facebook from $195.00 to $215.00 and gave the company an outperform rating in a research note on Thursday. Cleveland Research reissued a buy rating on shares of Facebook in a research note on Monday, April 22nd. Royal Bank of Canada set a $200.00 target price on shares of Facebook and gave the company a buy rating in a research note on Tuesday, April 23rd. Finally, Goldman Sachs Group reissued a buy rating and issued a $200.00 target price on shares of Facebook in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $206.58.

NASDAQ:FB opened at $191.49 on Thursday. Facebook has a 52-week low of $123.02 and a 52-week high of $218.62. The company has a current ratio of 5.38, a quick ratio of 7.19 and a debt-to-equity ratio of 0.08. The stock has a market cap of $556.28 billion, a PE ratio of 25.30, a P/E/G ratio of 1.40 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.80). The business had revenue of $15.08 billion during the quarter, compared to the consensus estimate of $14.97 billion. Facebook had a net margin of 33.17% and a return on equity of 23.67%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 EPS. On average, research analysts expect that Facebook will post 7.98 earnings per share for the current year.

In other news, insider Christopher K. Cox sold 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total transaction of $795,000.00. Following the transaction, the insider now directly owns 58,484 shares in the company, valued at $8,772,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Susan J.S. Taylor sold 1,442 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $162.02, for a total transaction of $233,632.84. Following the transaction, the chief accounting officer now owns 1,569 shares in the company, valued at $254,209.38. The disclosure for this sale can be found here. Insiders have sold 1,565,185 shares of company stock worth $274,875,281 over the last quarter. 14.53% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Facebook by 6.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 356,511 shares of the social networking company’s stock valued at $59,427,000 after purchasing an additional 20,315 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in Facebook by 12.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 2,354 shares of the social networking company’s stock valued at $392,000 after purchasing an additional 262 shares in the last quarter. FTB Advisors Inc. increased its stake in Facebook by 2.2% in the first quarter. FTB Advisors Inc. now owns 15,297 shares of the social networking company’s stock valued at $2,548,000 after purchasing an additional 327 shares in the last quarter. CENTRAL TRUST Co increased its stake in Facebook by 3.6% in the first quarter. CENTRAL TRUST Co now owns 43,978 shares of the social networking company’s stock valued at $7,331,000 after purchasing an additional 1,536 shares in the last quarter. Finally, Eads & Heald Wealth Management increased its stake in Facebook by 0.5% in the first quarter. Eads & Heald Wealth Management now owns 11,960 shares of the social networking company’s stock valued at $1,994,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 60.24% of the company’s stock.

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.

See Also: Understanding Average Daily Trade Volume

The Fly

Analyst Recommendations for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.