JP Morgan Maintains Facebook Inc to Overweight with Price Target $175.00

Brokerage firm JP Morgan Maintains its rating on Facebook Inc(NASDAQ:FB). In a research note issued to the investors, the brokerage major Raises the price-target to $175.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Sep 27, 2016.

In a different note, Loop Capital said it Initiates Coverage on Facebook Inc, according to a research note issued on Sep 23, 2016. The shares have been rated ‘Buy’ by the firm. On Sep 19, 2016, Citigroup said it Maintains its rating on Facebook Inc. In the research note, the firm Raises the price-target to $148.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 7, 2016, Morgan Stanley said it Maintains its rating on Facebook Inc. In the research note, the firm Raises the price-target to $150.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 28, 2016, William Blair said it Maintains its rating on Facebook Inc. The shares have been rated ‘Outperform’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on Facebook Inc. In the research note, the firm Raises the price-target to $141.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Facebook Inc. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Buy’ by the firm.

Facebook Inc (FB) made into the market gainers list on Fridays trading session with the shares advancing 0.14% or 0.18 points. Due to strong positive momentum, the stock ended at $128.27, which is also near the day’s high of $128.59. The stock began the session at $128.03 and the volume stood at 1,84,02,945 shares. The 52-week high of the shares is $131.98 and the 52 week low is $88.01. The company has a current market capitalization of $368,348 M and it has 2,87,16,64,300 shares in outstanding.

Facebook Inc(FB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.44B. Analysts had an estimated revenue of $6.02B. Earnings per share were $0.97. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On Sep 26, 2016, Mark Zuckerberg (COB and CEO) sold 735,977 shares at $128.84 per share price.Also, On Sep 22, 2016, Jan Koum (director) sold 966,668 shares at $129.48 per share price.On Sep 22, 2016, Colin Stretch (VP and General Counsel) sold 750 shares at $128.97 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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