Pivotal Research Reaffirms Sell Rating for Facebook (FB)

Facebook (NASDAQ:FB)‘s stock had its “sell” rating reissued by analysts at Pivotal Research in a note issued to investors on Monday. They presently have a $147.00 price target on the social networking company’s stock. Pivotal Research’s price target suggests a potential downside of 21.75% from the company’s current price.

Several other analysts have also weighed in on the stock. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Morgan Stanley set a $200.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC boosted their price target on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Canaccord Genuity boosted their price target on shares of Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $202.56.

Shares of Facebook (NASDAQ:FB) opened at $187.87 on Monday. Facebook has a 12 month low of $124.06 and a 12 month high of $188.90. The firm has a market cap of $545,910.00, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share 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 firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 47.3% compared to the same quarter last year. sell-side analysts expect that Facebook will post 5.86 earnings per share for the current fiscal year.

In other Facebook news, Director Jan Koum sold 2,600,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 246,237 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $172.60, for a total transaction of $42,500,506.20. The disclosure for this sale can be found here. Insiders sold 4,390,419 shares of company stock valued at $788,084,203 in the last ninety days. Corporate insiders own 17.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FB. D. Scott Neal Inc. increased its holdings in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook in the 3rd quarter valued at about $111,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook in the 2nd quarter valued at about $138,000. Vigilant Capital Management LLC increased its holdings in shares of Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the period. Finally, Stelac Advisory Services LLC acquired a new position in shares of Facebook in the 3rd quarter valued at about $152,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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