Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by investment analysts at Credit Agricole SA in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently commented on FB. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $136.45 price objective on the stock in a research report on Monday, September 12th. Societe Generale set a $80.00 price objective on Facebook and gave the stock a “sell” rating in a research report on Thursday, July 7th. Robert W. Baird upgraded Facebook to a “buy” rating in a research report on Monday, July 18th. Citigroup Inc. lifted their price objective on Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, September 19th. Finally, Jefferies Group set a $170.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, forty-four have issued a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $149.69.
Facebook (NASDAQ:FB) opened at 127.31 on Friday. The stock’s 50 day moving average price is $126.51 and its 200-day moving average price is $118.68. Facebook has a 52-week low of $85.72 and a 52-week high of $131.98. The company has a market cap of $365.59 billion, a P/E ratio of 60.86 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 earnings per share for the quarter, beating the 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 return on equity of 14.38% and a net margin of 27.07%. The business’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. On average, equities analysts predict that Facebook will post $3.94 earnings per share for the current fiscal year.
In related news, CEO Mark Zuckerberg sold 735,977 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $129.08, for a total transaction of $94,999,911.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 109,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $113.51, for a total value of $12,372,590.00. Following the sale, the chief operating officer now directly owns 4,753,248 shares in the company, valued at approximately $539,541,180.48. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in FB. Carnick & Kubik Group LLC purchased a new stake in shares of Facebook during the second quarter valued at approximately $1,902,000. Williams Jones & Associates LLC boosted its stake in shares of Facebook by 3.3% in the second quarter. Williams Jones & Associates LLC now owns 635,392 shares of the social networking company’s stock valued at $72,613,000 after buying an additional 20,128 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Facebook during the second quarter valued at approximately $10,668,000. Kentucky Retirement Systems purchased a new stake in shares of Facebook during the second quarter valued at approximately $22,467,000. Finally, KAMES CAPITAL plc boosted its stake in shares of Facebook by 2.3% in the second quarter. KAMES CAPITAL plc now owns 1,321,024 shares of the social networking company’s stock valued at $150,967,000 after buying an additional 29,407 shares during the last quarter. 56.61% of the stock is currently owned by hedge funds and other institutional investors.
Facebook Company Profile
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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