Facebook (FB) Getting Somewhat Negative Press Coverage, Report Shows
News headlines about Facebook (NASDAQ:FB) have trended somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Facebook earned a daily sentiment score of -0.08 on Accern’s scale. Accern also assigned media stories about the social networking company an impact score of 70 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Arizona flash flooding kills at least four, with others missing (feeds.reuters.com)
- Shares of Facebook Inc-A Has Risen Above Previous 52-Week High (mysmartrend.com)
- After Stumbling in Online Video, Publishers Embrace Facebook, TV Licensing (ih.advfn.com)
- Insider Selling: Facebook, Inc. (FB) CEO Sells 281436 Shares of Stock – Transcript Daily (nigeriatoday.ng)
- These ‘Game Of Thrones’ Characters Are Eerily Similar To Real-World CEOs (finance.yahoo.com)
Several analysts have recently commented on FB shares. Instinet reaffirmed a “buy” rating on shares of Facebook in a research report on Saturday, March 25th. BTIG Research upgraded Facebook from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $139.94 to $175.00 in a report on Tuesday, March 21st. Aegis reiterated a “buy” rating on shares of Facebook in a report on Sunday, April 2nd. UBS AG reiterated a “buy” rating and set a $165.00 price objective on shares of Facebook in a report on Wednesday, April 19th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Facebook in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $165.93.
Shares of Facebook (NASDAQ FB) traded up 0.45% on Friday, hitting $159.97. 16,371,207 shares of the stock traded hands. The stock has a 50 day moving average price of $151.14 and a 200-day moving average price of $138.83. The stock has a market cap of $463.62 billion, a price-to-earnings ratio of 40.67 and a beta of 0.67. Facebook has a 52 week low of $113.55 and a 52 week high of $160.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.16. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.83 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 49.2% compared to the same quarter last year. On average, equities research analysts forecast that Facebook will post $4.87 EPS for the current year.
In related news, Director Susan Desmond-Hellmann sold 209 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total transaction of $30,236.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $143.95, for a total transaction of $2,303,200.00. Following the sale, the insider now directly owns 181,431 shares in the company, valued at approximately $26,116,992.45. The disclosure for this sale can be found here. In the last three months, insiders sold 6,418,424 shares of company stock worth $968,295,299. Insiders own 19.08% of the company’s stock.
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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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