Facebook Inc. (NASDAQ:FB)‘s stock had its “overweight” rating restated by analysts at Piper Jaffray Cos. in a research note issued on Wednesday. They presently have a $185.00 price objective on the social networking company’s stock. Piper Jaffray Cos.’s target price indicates a potential upside of 43.70% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Cowen and Company restated a “buy” rating and set a $145.00 target price on shares of Facebook in a report on Sunday, July 17th. MKM Partners restated a “buy” rating on shares of Facebook in a report on Sunday, July 24th. Deutsche Bank AG restated a “buy” rating on shares of Facebook in a report on Sunday, July 10th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $127.69 target price on the stock in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. set a $170.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus price target of $149.99.
Facebook (NASDAQ:FB) opened at 128.74 on Wednesday. The company has a 50-day moving average of $127.42 and a 200 day moving average of $119.59. The firm has a market cap of $369.70 billion, a price-to-earnings ratio of 61.54 and a beta of 0.77. Facebook has a 52-week low of $89.37 and a 52-week high of $131.98.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.15. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The company’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. On average, equities research analysts anticipate that Facebook will post $3.94 EPS for the current year.
In other Facebook news, VP David B. Fischer sold 31,500 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $123.58, for a total transaction of $3,892,770.00. Following the transaction, the vice president now owns 218,648 shares of the company’s stock, valued at $27,020,519.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David B. Fischer sold 7,821 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $117.18, for a total value of $916,464.78. Following the transaction, the vice president now directly owns 242,219 shares in the company, valued at approximately $28,383,222.42. The disclosure for this sale can be found here. Company insiders own 19.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Wade G W & Inc. raised its position in shares of Facebook by 0.5% in the first quarter. Wade G W & Inc. now owns 35,724 shares of the social networking company’s stock valued at $4,076,000 after buying an additional 171 shares during the period. St. Johns Investment Management Company LLC acquired a new position in shares of Facebook during the first quarter valued at approximately $935,000. Chesley Taft & Associates LLC raised its position in shares of Facebook by 49.0% in the first quarter. Chesley Taft & Associates LLC now owns 49,850 shares of the social networking company’s stock valued at $5,688,000 after buying an additional 16,400 shares during the period. PacWest Financial Management Inc acquired a new position in shares of Facebook during the first quarter valued at approximately $801,000. Finally, Douglas Lane & Associates LLC acquired a new position in shares of Facebook during the first quarter valued at approximately $16,297,000. 56.61% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.