Jefferies Financial Group Increases Facebook (NASDAQ:FB) Price Target to $300.00

Facebook (NASDAQ:FB) had its price target upped by Jefferies Financial Group from $285.00 to $300.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the social networking company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 18.26% from the stock’s current price.

FB has been the subject of several other reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $300.00 target price (up from $290.00) on shares of Facebook in a research report on Friday. Deutsche Bank lifted their price objective on shares of Facebook from $220.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. MKM Partners upped their target price on shares of Facebook from $240.00 to $290.00 in a research note on Wednesday, July 15th. Needham & Company LLC started coverage on shares of Facebook in a research note on Thursday, July 2nd. They set a “hold” rating for the company. Finally, Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a research note on Friday, June 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $273.37.

Facebook stock opened at $253.67 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The firm has a market capitalization of $722.73 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. Facebook has a 1-year low of $137.10 and a 1-year high of $255.85. The company’s 50-day moving average is $235.27 and its 200 day moving average is $207.59.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.36. Facebook had a return on equity of 23.49% and a net margin of 31.29%. The firm had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. Research analysts anticipate that Facebook will post 7.4 earnings per share for the current fiscal year.

In other news, CAO Susan J.S. Taylor sold 1,195 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $223.39, for a total value of $266,951.05. Following the sale, the chief accounting officer now owns 3,147 shares in the company, valued at $703,008.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Wehner sold 8,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $209.90, for a total transaction of $1,679,200.00. Following the transaction, the chief financial officer now directly owns 24,484 shares of the company’s stock, valued at approximately $5,139,191.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,591 shares of company stock worth $14,894,825. Company insiders own 14.14% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. boosted its holdings in Facebook by 13.4% during the fourth quarter. Macquarie Group Ltd. now owns 736,299 shares of the social networking company’s stock worth $151,125,000 after buying an additional 87,024 shares in the last quarter. IMS Capital Management grew its position in shares of Facebook by 7.4% during the 1st quarter. IMS Capital Management now owns 3,102 shares of the social networking company’s stock valued at $517,000 after acquiring an additional 215 shares during the period. Fulton Bank N.A. increased its stake in shares of Facebook by 0.3% in the 1st quarter. Fulton Bank N.A. now owns 63,945 shares of the social networking company’s stock valued at $10,666,000 after purchasing an additional 221 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in Facebook by 5.2% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 12,136 shares of the social networking company’s stock worth $2,491,000 after purchasing an additional 603 shares during the period. Finally, Nexus Investment Management Inc. boosted its position in Facebook by 0.9% during the first quarter. Nexus Investment Management Inc. now owns 108,880 shares of the social networking company’s stock worth $18,161,000 after purchasing an additional 940 shares in the last quarter. 65.12% of the stock is owned by institutional investors and hedge funds.

About Facebook

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: What sectors are represented in the Nikkei Index?

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.