Facebook, Inc. (FB) Stock Rating Reaffirmed by Piper Jaffray Companies

Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a note issued to investors on Friday. They presently have a $200.00 price target on the social networking company’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 11.78% from the company’s previous close.

FB has been the topic of a number of other reports. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Friday, September 1st. Wedbush set a $225.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $170.00 price target (up from $150.00) on shares of Facebook in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $196.04.

Facebook (NASDAQ:FB) traded down $1.14 during mid-day trading on Friday, hitting $178.92. 35,119,841 shares of the stock traded hands, compared to its average volume of 17,315,178. The firm has a market capitalization of $519.62 billion, a PE ratio of 34.47, a P/E/G ratio of 1.28 and a beta of 0.67.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts anticipate that Facebook will post 5.45 EPS for the current year.

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In other news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, August 7th. The stock was sold at an average price of $169.95, for a total transaction of $2,719,200.00. Following the completion of the transaction, the insider now owns 180,871 shares of the company’s stock, valued at approximately $30,739,026.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $171.88, for a total value of $128,910.00. Following the transaction, the vice president now directly owns 82,406 shares of the company’s stock, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. Insiders have sold a total of 8,306,683 shares of company stock worth $1,441,300,245 over the last 90 days. Insiders own 19.08% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its stake in Facebook by 2.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock valued at $40,366,000 after purchasing an additional 6,740 shares during the last quarter. Palisade Capital Management LLC NJ raised its stake in Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares during the last quarter. ING Groep NV raised its stake in Facebook by 6.9% in the 2nd quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after purchasing an additional 37,822 shares during the last quarter. Grand Jean Capital Management Inc. raised its stake in Facebook by 14.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock valued at $18,076,000 after purchasing an additional 15,910 shares during the last quarter. Finally, Segment Wealth Management LLC raised its stake in Facebook by 157.5% in the 1st quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock valued at $1,042,000 after purchasing an additional 4,485 shares during the last quarter. 57.27% of the stock is 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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