Facebook, Inc. (NASDAQ:FB) received a $200.00 target price from analysts at Atlantic Securities in a note issued to investors on Monday, July 31st. The firm currently has a “buy” rating on the social networking company’s stock. Atlantic Securities’ price objective would suggest a potential upside of 18.99% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Aegis reissued a “buy” rating on shares of Facebook in a research note on Sunday, April 2nd. Barclays PLC reaffirmed a “neutral” rating on shares of Facebook in a research note on Friday, April 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price objective on shares of Facebook in a research report on Monday, April 17th. Credit Suisse Group increased their price objective on shares of Facebook from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, April 17th. Finally, BMO Capital Markets restated a “hold” rating and issued a $150.00 target price on shares of Facebook in a report on Monday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus target price of $182.00.
Shares of Facebook (NASDAQ FB) opened at 168.08 on Monday. The company’s 50 day moving average price is $161.50 and its 200 day moving average price is $147.44. Facebook has a 12 month low of $113.55 and a 12 month high of $175.49. The company has a market cap of $488.14 billion, a price-to-earnings ratio of 37.62 and a beta of 0.70.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities analysts expect that Facebook will post $5.33 EPS for the current fiscal year.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $150.10, for a total value of $112,575.00. Following the completion of the transaction, the vice president now owns 86,761 shares of the company’s stock, valued at approximately $13,022,826.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Koum sold 594,246 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $149.73, for a total transaction of $88,976,453.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519. Company insiders own 19.08% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI raised its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the period. Cohen Capital Management Inc. purchased a new stake in Facebook during the first quarter worth $121,000. Farmers & Merchants Investments Inc. raised its stake in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the period. Finally, Cable Hill Partners LLC raised its stake in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. 57.60% of the stock is owned by hedge funds and other institutional investors.
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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