Facebook Inc (NASDAQ:FB)‘s stock had its “buy” rating restated by equities research analysts at Instinet in a note issued to investors on Saturday.
FB has been the subject of several other research reports. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $140.41 price target for the company in a research note on Thursday, February 16th. Evercore ISI reissued a “buy” rating and set a $155.00 price objective (down previously from $165.00) on shares of Facebook in a research report on Friday, December 16th. Credit Suisse Group AG boosted their price objective on Facebook from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Piper Jaffray Companies set a $150.00 price target on Facebook and gave the company a “buy” rating in a report on Thursday, January 5th. Finally, Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a $162.00 price target on shares of Facebook in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-six have assigned a buy rating and four have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $157.91.
Shares of Facebook (NASDAQ:FB) traded down 0.08% on Friday, hitting $143.68. 12,184,685 shares of the stock traded hands. Facebook has a 12 month low of $106.31 and a 12 month high of $144.25. The company has a market cap of $415.23 billion, a PE ratio of 41.13 and a beta of 0.68. The firm’s 50 day moving average is $140.15 and its 200-day moving average is $129.41. Facebook also was the recipient of some unusual options trading on Tuesday. Stock investors bought 78,065 put options on the company. This represents an increase of approximately 109% compared to the average volume of 37,299 put options.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, February 1st. The social networking company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s quarterly revenue was up 50.8% compared to the same quarter last year. Equities analysts predict that Facebook will post $5.44 earnings per share for the current year.
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In other Facebook news, CEO Mark Zuckerberg sold 368,809 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $142.35, for a total value of $52,499,961.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $129.47, for a total transaction of $97,102.50. Following the completion of the sale, the vice president now directly owns 76,209 shares in the company, valued at approximately $9,866,779.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,012,117 shares of company stock worth $838,152,309. 19.08% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Beacon Capital Management Inc. raised its stake in shares of Facebook by 1,400.0% in the third quarter. Beacon Capital Management Inc. now owns 1,500 shares of the social networking company’s stock worth $192,000 after buying an additional 1,400 shares during the last quarter. PacWest Financial Management Inc raised its stake in shares of Facebook by 1.3% in the third quarter. PacWest Financial Management Inc now owns 10,440 shares of the social networking company’s stock worth $1,339,000 after buying an additional 130 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Facebook by 41.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 501,732 shares of the social networking company’s stock worth $64,357,000 after buying an additional 147,840 shares during the last quarter. Gofen & Glossberg LLC IL raised its stake in shares of Facebook by 2.4% in the third quarter. Gofen & Glossberg LLC IL now owns 140,175 shares of the social networking company’s stock worth $17,980,000 after buying an additional 3,264 shares during the last quarter. Finally, Dorsey Wright & Associates raised its stake in shares of Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock worth $6,162,000 after buying an additional 2,275 shares during the last quarter. 57.00% of the stock is currently owned by institutional investors and hedge funds.
Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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