Facebook Inc. (NASDAQ:FB)‘s stock had its “outperform” rating reaffirmed by equities researchers at Cowen and Company in a report issued on Monday. They presently have a $150.00 price target on the social networking company’s stock. Cowen and Company’s price objective would suggest a potential upside of 17.22% from the company’s current price.
Several other research firms also recently issued reports on FB. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $136.45 price target for the company in a research note on Monday, September 12th. Societe Generale set a $80.00 price target on Facebook and gave the stock a “sell” rating in a research note on Thursday, July 7th. Robert W. Baird raised shares of Facebook to a “buy” rating in a research note on Monday, July 18th. Citigroup Inc. boosted their target price on shares of Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, September 19th. Finally, Jefferies Group set a $170.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-four have assigned a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $149.75.
Facebook (NASDAQ:FB) opened at 126.8374 on Monday. The firm’s 50-day moving average is $126.45 and its 200 day moving average is $118.37. Facebook has a 52 week low of $85.72 and a 52 week high of $131.98. The stock has a market cap of $364.23 billion, a price-to-earnings ratio of 60.6297 and a beta of 0.76.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The company earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the company earned $0.50 earnings per share. Facebook’s quarterly revenue was up 59.2% compared to the same quarter last year. On average, equities research analysts expect that Facebook will post $3.94 EPS for the current year.
In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $128.97, for a total transaction of $96,727.50. Following the completion of the transaction, the vice president now directly owns 85,940 shares of the company’s stock, valued at approximately $11,083,681.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Michael Todd Schroepfer sold 20,000 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $114.20, for a total value of $2,284,000.00. Following the transaction, the chief technology officer now directly owns 579,862 shares of the company’s stock, valued at $66,220,240.40. The disclosure for this sale can be found here. 19.08% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in FB. First Financial Corp IN increased its stake in shares of Facebook by 16.1% in the first quarter. First Financial Corp IN now owns 8,350 shares of the social networking company’s stock worth $953,000 after buying an additional 1,160 shares during the last quarter. Vontobel Asset Management Inc. increased its stake in shares of Facebook by 543.9% in the first quarter. Vontobel Asset Management Inc. now owns 1,343,258 shares of the social networking company’s stock worth $158,750,000 after buying an additional 1,134,652 shares during the last quarter. BLB&B Advisors LLC increased its stake in shares of Facebook by 6.2% in the first quarter. BLB&B Advisors LLC now owns 4,701 shares of the social networking company’s stock worth $536,000 after buying an additional 276 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of Facebook by 287.8% in the first quarter. Joel Isaacson & Co. LLC now owns 82,892 shares of the social networking company’s stock worth $9,458,000 after buying an additional 61,516 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in shares of Facebook during the first quarter worth $597,000. 56.61% of the stock is owned by institutional investors and hedge funds.
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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