Facebook, Inc. (FB) Stock Rating Reaffirmed by Mizuho

Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating reiterated by Mizuho in a research report issued on Monday, MarketBeat.com reports.

FB has been the subject of several other research reports. Canaccord Genuity reissued a “buy” rating and set a $175.00 target price on shares of Facebook in a research note on Friday, June 16th. Vetr lowered Facebook from a “buy” rating to a “hold” rating and set a $156.06 price target for the company. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price target on Facebook and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 price target on Facebook and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Instinet restated a “buy” rating and set a $165.00 price target on shares of Facebook in a research report on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average target price of $182.00.

Facebook (NASDAQ:FB) opened at 167.40 on Monday. The company has a market cap of $486.16 billion, a P/E ratio of 37.47 and a beta of 0.70. Facebook has a 52-week low of $113.55 and a 52-week high of $175.49. The stock’s 50 day moving average price is $161.08 and its 200 day moving average price is $147.16.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts expect that Facebook will post $5.33 earnings per share for the current year.

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In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $150.10, for a total value of $112,575.00. Following the completion of the transaction, the vice president now directly owns 86,761 shares of the company’s stock, valued at approximately $13,022,826.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $148.03, for a total transaction of $2,368,480.00. Following the completion of the transaction, the insider now directly owns 221,328 shares of the company’s stock, valued at $32,763,183.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,221,076 shares of company stock valued at $1,613,683,519. 19.08% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI boosted its position in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the last quarter. D. Scott Neal Inc. boosted its position in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the last quarter. Cohen Capital Management Inc. bought a new position in shares of Facebook during the first quarter valued at approximately $121,000. Finally, Cable Hill Partners LLC boosted its position in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares during the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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