Facebook Inc. (FB) Stock Rating Reaffirmed by JMP Securities
Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by investment analysts at JMP Securities in a report released on Monday.
FB has been the subject of several other research reports. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $162.00 price target on shares of Facebook in a research report on Thursday. MKM Partners dropped their price target on shares of Facebook from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, November 14th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $133.31 price target for the company in a research report on Monday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Facebook in a research report on Thursday, November 10th. Finally, Global Equities Research reissued a “buy” rating and issued a $160.00 price target on shares of Facebook in a research report on Sunday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-four have given a buy rating and three have issued a strong buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus target price of $150.67.
Shares of Facebook (NASDAQ:FB) traded up 3.237% during mid-day trading on Monday, hitting $120.808. The stock had a trading volume of 20,780,166 shares. The firm’s 50 day moving average price is $126.18 and its 200-day moving average price is $122.44. The company has a market cap of $348.19 billion, a PE ratio of 46.572 and a beta of 0.76. Facebook has a one year low of $89.37 and a one year high of $133.50.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.97 by $0.12. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the previous year, the company posted $0.57 EPS. Facebook’s revenue was up 55.8% on a year-over-year basis. On average, equities research analysts anticipate that Facebook will post $4.09 earnings per share for the current fiscal year.
In related news, VP David B. Fischer sold 47,301 shares of Facebook stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $116.52, for a total value of $5,511,512.52. Following the transaction, the vice president now directly owns 178,142 shares of the company’s stock, valued at $20,757,105.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jan Koum sold 804,367 shares of Facebook stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $124.51, for a total transaction of $100,151,735.17. The disclosure for this sale can be found here. Company insiders own 19.08% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Steinberg Global Asset Management increased its position in shares of Facebook by 10.8% in the first quarter. Steinberg Global Asset Management now owns 8,506 shares of the social networking company’s stock valued at $970,000 after buying an additional 827 shares during the last quarter. Suvretta Capital Management LLC boosted its stake in Facebook by 32.4% in the first quarter. Suvretta Capital Management LLC now owns 1,430,159 shares of the social networking company’s stock valued at $163,181,000 after buying an additional 350,259 shares during the period. Keane Capital Partners LLC bought a new stake in Facebook during the first quarter valued at $2,054,000. Schonfeld Strategic Advisors LLC bought a new stake in Facebook during the first quarter valued at $1,132,000. Finally, Jones Financial Companies Lllp boosted its stake in Facebook by 26.8% in the first quarter. Jones Financial Companies Lllp now owns 15,834 shares of the social networking company’s stock valued at $1,807,000 after buying an additional 3,349 shares during the period. 56.67% of the stock is currently owned by institutional investors.
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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