Facebook, Inc. (NASDAQ:FB) has been given a $200.00 price objective by research analysts at Atlantic Securities in a report released on Monday, July 31st. The firm currently has a “buy” rating on the social networking company’s stock. Atlantic Securities’ target price points to a potential upside of 19.47% from the stock’s previous close.
A number of other research analysts have also weighed in on FB. Pacific Crest restated an “overweight” rating and issued a $155.00 target price on shares of Facebook in a report on Monday, April 24th. Needham & Company LLC lifted their price target on Facebook from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Wedbush set a $185.00 price target on Facebook and gave the stock a “buy” rating in a report on Thursday, May 4th. Morgan Stanley reiterated a “buy” rating and set a $175.00 price target on shares of Facebook in a report on Thursday, May 4th. Finally, Nomura set a $165.00 target price on Facebook and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Two equities research 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 issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $183.47.
Facebook (NASDAQ FB) traded up 0.30% during trading on Monday, hitting $167.41. 15,093,638 shares of the stock traded hands. The company has a 50-day moving average price of $163.85 and a 200 day moving average price of $148.79. The stock has a market cap of $486.19 billion, a PE ratio of 37.47 and a beta of 0.70. Facebook has a one year low of $113.55 and a one year high of $175.49.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts expect that Facebook will post $5.33 earnings per share for the current year.
In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $148.54, for a total transaction of $111,405.00. Following the transaction, the vice president now directly owns 90,656 shares of the company’s stock, valued at $13,466,042.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sheryl Sandberg sold 163,500 shares of Facebook stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $149.55, for a total transaction of $24,451,425.00. The disclosure for this sale can be found here. Insiders have sold 12,702,398 shares of company stock valued at $2,054,828,660 in the last ninety days. 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. Arcadia Investment Management Corp MI increased 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 valued at $102,000 after buying an additional 120 shares during the last quarter. D. Scott Neal Inc. increased its position 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 in the last quarter. Cohen Capital Management Inc. acquired a new position in Facebook during the first quarter worth about $121,000. Farmers & Merchants Investments Inc. increased its position 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 in the last quarter. Finally, Cable Hill Partners LLC increased its position 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 in the last quarter. 57.40% of the stock is currently owned by institutional investors and hedge funds.
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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