Facebook Inc. (NASDAQ:FB) had its target price increased by Citigroup Inc. from $148.00 to $158.00 in a research note released on Monday. They currently have a buy rating on the social networking company’s stock.
Several other equities research analysts also recently weighed in on the stock. Jefferies Group reiterated a buy rating and set a $170.00 target price on shares of Facebook in a research note on Monday, August 22nd. Vetr downgraded shares of Facebook from a buy rating to a hold rating and set a $131.43 target price for the company. in a research note on Monday, August 29th. Ladenburg Thalmann initiated coverage on shares of Facebook in a research note on Wednesday, May 25th. They set a buy rating for the company. William Blair reiterated an outperform rating on shares of Facebook in a research note on Sunday, September 4th. Finally, Morgan Stanley increased their target price on shares of Facebook from $140.00 to $150.00 and gave the stock a buy rating in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $149.45.
Facebook (NASDAQ:FB) opened at 129.94 on Monday. Facebook has a 52 week low of $85.72 and a 52 week high of $131.98. The company has a 50 day moving average price of $126.13 and a 200 day moving average price of $118.12. The stock has a market cap of $373.14 billion, a price-to-earnings ratio of 62.11 and a beta of 0.76.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.82 by $0.15. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. Facebook’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 earnings per share. Analysts expect that Facebook will post $3.94 EPS for the current fiscal year.
In other Facebook news, Director Jan Koum sold 1,434,530 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $109.64, for a total value of $157,281,869.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Desmond-Hellmann sold 625 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $124.01, for a total transaction of $77,506.25. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Rathbone Brothers plc boosted its stake in Facebook by 0.7% in the first quarter. Rathbone Brothers plc now owns 257,438 shares of the social networking company’s stock valued at $29,374,000 after buying an additional 1,873 shares during the last quarter. PartnerRe Asset Management CORP boosted its stake in Facebook by 1.3% in the first quarter. PartnerRe Asset Management CORP now owns 15,511 shares of the social networking company’s stock valued at $1,770,000 after buying an additional 200 shares during the last quarter. DnB Asset Management AS boosted its stake in Facebook by 159.0% in the first quarter. DnB Asset Management AS now owns 273,036 shares of the social networking company’s stock valued at $31,153,000 after buying an additional 167,630 shares during the last quarter. CENTRAL TRUST Co bought a new stake in Facebook during the first quarter valued at $4,822,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Facebook by 24.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 517,378 shares of the social networking company’s stock valued at $59,033,000 after buying an additional 101,639 shares during the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.
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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