Facebook (NASDAQ:FB) Shares Gap Up to $174.82

Facebook, Inc. (NASDAQ:FB)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $171.16, but opened at $174.82. Facebook shares last traded at $178.10, with a volume of 15252197 shares.

A number of equities analysts recently weighed in on FB shares. Nomura raised Facebook from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $172.00 to $215.00 in a research note on Monday, March 11th. BidaskClub raised Facebook from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Bank of America reissued a “buy” rating and issued a $187.00 price target (down previously from $205.00) on shares of Facebook in a research note on Monday, March 18th. SunTrust Banks reissued a “buy” rating and issued a $210.00 price target on shares of Facebook in a research note on Monday, April 1st. Finally, Guggenheim raised Facebook from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $175.00 to $200.00 in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $210.44.

The firm has a market cap of $494.83 billion, a PE ratio of 23.53, a PEG ratio of 1.07 and a beta of 0.96. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). The firm had revenue of $15.08 billion for the quarter, compared to analyst estimates of $14.97 billion. Facebook had a net margin of 33.17% and a return on equity of 23.67%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Equities research analysts expect that Facebook, Inc. will post 8 EPS for the current year.

In related news, insider Christopher K. Cox sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $167.91, for a total value of $889,923.00. Following the completion of the sale, the insider now directly owns 83,441 shares in the company, valued at approximately $14,010,578.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 58,300 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $175.02, for a total value of $10,203,666.00. Following the completion of the sale, the insider now owns 25,141 shares of the company’s stock, valued at $4,400,177.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,551,854 shares of company stock valued at $275,443,661. 14.53% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in Facebook by 1.7% in the 3rd quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock worth $20,435,077,000 after buying an additional 2,132,804 shares during the period. Oregon Public Employees Retirement Fund increased its position in Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after buying an additional 70,263,213 shares during the period. Geode Capital Management LLC increased its position in shares of Facebook by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 31,772,199 shares of the social networking company’s stock valued at $4,157,898,000 after purchasing an additional 2,203,076 shares during the period. Northern Trust Corp increased its position in shares of Facebook by 1.5% during the first quarter. Northern Trust Corp now owns 28,123,602 shares of the social networking company’s stock valued at $4,687,923,000 after purchasing an additional 423,390 shares during the period. Finally, Morgan Stanley increased its position in shares of Facebook by 3.2% during the third quarter. Morgan Stanley now owns 25,517,710 shares of the social networking company’s stock valued at $4,196,642,000 after purchasing an additional 799,081 shares during the period. Hedge funds and other institutional investors own 61.76% of the company’s stock.

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Facebook Company Profile (NASDAQ:FB)

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.

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