Facebook Inc. (FB) Given “Outperform” Rating at Robert W. Baird
Robert W. Baird reaffirmed their outperform rating on shares of Facebook Inc. (NASDAQ:FB) in a research note issued to investors on Tuesday morning. They currently have a $155.00 price target on the social networking company’s stock.
A number of other equities analysts have also weighed in on FB. Cowen and Company reiterated a buy rating and issued a $145.00 price target on shares of Facebook in a research report on Sunday, July 17th. MKM Partners reissued a buy rating on shares of Facebook in a research note on Sunday, July 24th. Deutsche Bank AG reissued a buy rating on shares of Facebook in a research note on Sunday, July 10th. Vetr raised Facebook from a hold rating to a buy rating and set a $127.69 price objective for the company in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. set a $170.00 price objective on Facebook and gave the stock a buy rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook currently has an average rating of Buy and an average target price of $150.30.
Shares of Facebook (NASDAQ:FB) traded up 1.02% during midday trading on Tuesday, hitting $129.88. 7,379,451 shares of the company’s stock traded hands. Facebook has a 52 week low of $89.37 and a 52 week high of $131.98. The company has a 50 day moving average of $128.40 and a 200 day moving average of $120.48. The stock has a market cap of $372.97 billion, a P/E ratio of 62.08 and a beta of 0.77.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.15. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The business earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 59.2% on a year-over-year basis. On average, equities analysts forecast that Facebook will post $3.94 EPS for the current fiscal year.
In related news, CAO Jas Athwal sold 4,923 shares of Facebook stock in a transaction on Monday, August 15th. The shares were sold at an average price of $124.07, for a total value of $610,796.61. Following the transaction, the chief accounting officer now directly owns 125,394 shares in the company, valued at approximately $15,557,633.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 15,600 shares of Facebook stock in a transaction on Monday, July 25th. The shares were sold at an average price of $121.08, for a total transaction of $1,888,848.00. Following the completion of the transaction, the insider now owns 388,392 shares in the company, valued at $47,026,503.36. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its stake in Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock valued at $116,000 after buying an additional 96 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in Facebook during the first quarter valued at approximately $106,000. Capital Advisors Ltd. LLC raised its stake in Facebook by 182.2% in the third quarter. Capital Advisors Ltd. LLC now owns 1,092 shares of the social networking company’s stock valued at $140,000 after buying an additional 705 shares in the last quarter. Bartlett & Co. LLC raised its stake in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares in the last quarter. Finally, West Oak Capital LLC raised its stake in Facebook by 53.3% in the third quarter. West Oak Capital LLC now owns 1,150 shares of the social networking company’s stock valued at $148,000 after buying an additional 400 shares in the last quarter. Institutional investors own 56.63% of the company’s stock.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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