Facebook Inc (NASDAQ:FB) have trended upward continually since last July, and it continues today as shares rose as much as 1% today. It was enough for the social network to open at a new all-time high and keep trading at around 19% above its 50-day moving average, which is $59.32 per share.

Facebook Stock

Short interest in Facebook Inc (NASDAQ:FB) also appears to be falling, as Yahoo! Finance indicates that the number of shares being shorted declined from 43.98 million at the end of December to 34.18 million at the end of January. Just last Friday, Facebook hit another new high, pushing its market capitalization higher than that of Amazon.com, Inc. (NASDAQ:AMZN).

Facebook remains a growth stock

One of the reasons Facebook Inc (NASDAQ:FB) has captured the attention of investors is because it is currently in growth mode. Zacks notes that the social network recorded a 957% growth in earnings per share last year and looks well-positioned to continue growing this year as well. In fact, Facebook’s prospects look so good that analysts have been gradually raising their estimates for the social network. Overall, analyst estimates for the 2014 fiscal year have edged upward by approximately 11.7%.

Growth estimates for this year indicate that Facebook Inc (NASDAQ:FB) could grow its earnings per share by another 63.5%, according to Zacks. The social network’s long-term growth rate is 31%, which the site calls “impressive” and said suggests “pretty good prospects for the long haul.” The site has a Buy rating on Facebook Inc (NASDAQ:FB) because analysts have been raising their estimates for the social network.

Not everyone “likes” Facebook

The Street, however, has a different view on Facebook Inc (NASDAQ:FB). The site’s latest client report, according to AR Network,  indicates that it reiterated its Hold rating on the social network. The Street finds Facebook’s return on equity “disappointing.” Interestingly enough, 28 analysts on The Street have a Strong Buy rating on Facebook, while four have a Moderate Buy rating and one has a Hold rating.

Just one month ago, three analysts had a Hold rating on Facebook INc (NASDAQ:FB), while two had a Moderate Buy rating and 27 had a Strong Buy rating on it.