Shares of Facebook Inc (NASDAQ:FB) have been assigned a consensus rating of “Buy” from the forty-nine analysts that are presently covering the firm. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $159.47.
Several analysts recently weighed in on FB shares. Susquehanna Bancshares Inc lifted their price target on shares of Facebook to $180.00 in a report on Thursday, February 2nd. Mizuho raised their price objective on Facebook to $148.00 in a research report on Thursday, February 2nd. Wedbush raised their price objective on Facebook to $175.00 in a research report on Thursday, February 2nd. Pacific Crest lowered their price objective on Facebook to $150.00 in a research report on Thursday, February 2nd. Finally, Deutsche Bank AG raised their price objective on Facebook to $155.00 in a research report on Thursday, February 2nd.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $132.49, for a total value of $2,119,840.00. Following the completion of the sale, the insider now directly owns 153,938 shares in the company, valued at $20,395,245.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $130.28, for a total value of $97,710.00. Following the completion of the sale, the vice president now owns 75,459 shares of the company’s stock, valued at $9,830,798.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,012,117 shares of company stock worth $838,152,309. 19.08% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Atria Investments LLC boosted its stake in Facebook by 8.0% in the third quarter. Atria Investments LLC now owns 95,751 shares of the social networking company’s stock worth $12,282,000 after buying an additional 7,100 shares during the period. Terra Nova Asset Management LLC boosted its stake in Facebook by 7.3% in the third quarter. Terra Nova Asset Management LLC now owns 8,122 shares of the social networking company’s stock worth $1,042,000 after buying an additional 556 shares during the period. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST boosted its stake in Facebook by 0.3% in the third quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 2,357,706 shares of the social networking company’s stock worth $302,423,000 after buying an additional 7,706 shares during the period. Baltimore Washington Financial Advisors Inc. acquired a new stake in Facebook during the third quarter worth approximately $2,338,000. Finally, Eagle Asset Management Inc. boosted its stake in Facebook by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 49,452 shares of the social networking company’s stock worth $6,343,000 after buying an additional 6,718 shares during the period. Institutional investors own 57.00% of the company’s stock.
Shares of Facebook (NASDAQ:FB) traded down 0.08% during midday trading on Friday, hitting $143.68. 12,160,675 shares of the company traded hands. Facebook has a 52 week low of $106.31 and a 52 week high of $144.25. The stock has a 50 day moving average of $140.15 and a 200-day moving average of $129.41. The stock has a market capitalization of $415.23 billion, a PE ratio of 41.13 and a beta of 0.68. Facebook also was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 78,065 put options on the stock. This represents an increase of approximately 109% compared to the average volume of 37,299 put options.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.10. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business’s revenue was up 50.8% on a year-over-year basis. Equities analysts forecast that Facebook will post $5.44 earnings per share for the current fiscal year.
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Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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