Oppenheimer Holdings, Inc. restated their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a research report sent to investors on Tuesday. They currently have a $144.00 price target on the social networking company’s stock.
FB has been the subject of several other reports. Jefferies Group reissued a buy rating and issued a $170.00 price objective on shares of Facebook in a research note on Thursday, November 3rd. Vetr raised Facebook from a buy rating to a strong-buy rating and set a $129.91 price objective for the company in a research note on Monday, January 2nd. Axiom Securities increased their price objective on Facebook from $155.00 to $160.00 and gave the stock a buy rating in a research note on Thursday, November 3rd. Citigroup Inc. increased their price objective on Facebook from $148.00 to $158.00 and gave the stock a buy rating in a research note on Monday, September 19th. Finally, Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $162.00 price objective on shares of Facebook in a research note on Thursday, December 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, forty-five have given a buy rating and three have assigned a strong buy rating to the stock. Facebook currently has a consensus rating of Buy and an average price target of $149.39.
Shares of Facebook (NASDAQ:FB) traded up 1.315% on Tuesday, hitting $125.985. The stock had a trading volume of 14,680,110 shares. The company has a 50-day moving average of $118.78 and a 200 day moving average of $122.79. The company has a market capitalization of $363.11 billion, a price-to-earnings ratio of 48.568 and a beta of 0.66. Facebook has a 52 week low of $89.37 and a 52 week high of $133.50.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the prior year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 55.8% on a year-over-year basis. On average, equities research analysts predict that Facebook will post $4.09 EPS for the current year.
In other news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $121.03, for a total value of $1,936,480.00. Following the completion of the transaction, the insider now owns 368,038 shares in the company, valued at approximately $44,543,639.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher K. Cox sold 15,600 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $115.83, for a total transaction of $1,806,948.00. Following the completion of the transaction, the insider now owns 379,068 shares of the company’s stock, valued at approximately $43,907,446.44. The disclosure for this sale can be found here. Company insiders own 19.08% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors boosted its stake in shares of Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock worth $3,786,244,000 after buying an additional 9,686,624 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Facebook during the third quarter worth $947,480,000. Third Point LLC acquired a new stake in shares of Facebook during the second quarter worth $428,550,000. Vanguard Group Inc. boosted its stake in shares of Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock worth $15,940,195,000 after buying an additional 3,400,653 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock worth $9,456,572,000 after buying an additional 2,402,049 shares in the last quarter. Institutional investors and hedge funds own 56.17% 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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