Facebook, Inc. (NASDAQ:FB) Stock Rating Reaffirmed by Susquehanna Bancshares Inc
Susquehanna Bancshares Inc reaffirmed their positive rating on shares of Facebook, Inc. (NASDAQ:FB) in a report published on Friday, July 28th. The brokerage currently has a $200.00 target price on the social networking company’s stock, up from their prior target price of $190.00.
Several other brokerages have also commented on FB. Aegis reissued a buy rating on shares of Facebook in a report on Sunday, April 2nd. Barclays PLC reaffirmed a neutral rating on shares of Facebook in a research note on Friday, April 14th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $175.00 price target on shares of Facebook in a research note on Monday, April 17th. Credit Suisse Group boosted their price objective on Facebook from $170.00 to $175.00 and gave the stock an outperform rating in a research note on Monday, April 17th. Finally, BMO Capital Markets reissued a hold rating and set a $150.00 price objective on shares of Facebook in a research note on Monday, April 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $180.91.
Shares of Facebook (NASDAQ FB) opened at 169.62 on Friday. The stock has a market capitalization of $492.61 billion, a P/E ratio of 37.96 and a beta of 0.70. Facebook has a one year low of $113.55 and a one year high of $175.49. The stock has a 50 day moving average of $157.40 and a 200-day moving average of $145.43.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. Equities analysts forecast that Facebook will post $5.33 earnings per share for the current year.
In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $151.49, for a total value of $113,617.50. Following the completion of the transaction, the vice president now directly owns 79,080 shares in the company, valued at $11,979,829.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Insiders sold 10,205,032 shares of company stock worth $1,610,153,882 over the last three months. 19.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of FB. Arcadia Investment Management Corp MI increased its position in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares in the last quarter. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares in the last quarter. Cohen Capital Management Inc. acquired a new position in shares of Facebook during the first quarter valued at about $121,000. Farmers & Merchants Investments Inc. increased its position in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares in the last quarter. Finally, Cable Hill Partners LLC increased its position in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.
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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