Facebook, Inc. (FB) Rating Reiterated by Pivotal Research
Pivotal Research reiterated their sell rating on shares of Facebook, Inc. (NASDAQ:FB) in a report published on Wednesday morning. Pivotal Research currently has a $140.00 price target on the social networking company’s stock.
A number of other research firms have also weighed in on FB. Zacks Investment Research lowered Facebook from a buy rating to a hold rating in a report on Wednesday, August 9th. Wedbush reissued a buy rating on shares of Facebook in a report on Thursday, July 27th. Stifel Nicolaus reissued a buy rating and set a $200.00 target price (up from $170.00) on shares of Facebook in a report on Thursday, July 27th. Macquarie set a $175.00 target price on Facebook and gave the stock a buy rating in a report on Monday, July 24th. Finally, Aegis reissued a buy rating on shares of Facebook in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $183.74.
Shares of Facebook (NASDAQ:FB) opened at 170.95 on Wednesday. The stock has a 50 day moving average price of $169.23 and a 200 day moving average price of $152.48. Facebook has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a market capitalization of $496.47 billion, a PE ratio of 38.26 and a beta of 0.76.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, analysts predict that Facebook will post $5.33 earnings per share for the current fiscal year.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $152.87, for a total value of $114,652.50. Following the completion of the sale, the vice president now owns 87,656 shares in the company, valued at approximately $13,399,972.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Koum sold 3,600,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The disclosure for this sale can be found here. Insiders sold a total of 12,807,956 shares of company stock valued at $2,088,986,365 over the last 90 days. 19.08% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of FB. Charter Trust Co. purchased a new position in shares of Facebook during the first quarter valued at about $241,000. Nadler Financial Group Inc. grew its position in shares of Facebook by 1.7% during the first quarter. Nadler Financial Group Inc. now owns 9,436 shares of the social networking company’s stock valued at $1,340,000 after purchasing an additional 157 shares in the last quarter. Waverton Investment Management Ltd grew its position in shares of Facebook by 12.2% during the first quarter. Waverton Investment Management Ltd now owns 387,295 shares of the social networking company’s stock valued at $55,015,000 after purchasing an additional 42,102 shares in the last quarter. S&CO Inc. grew its position in shares of Facebook by 9.2% during the first quarter. S&CO Inc. now owns 9,467 shares of the social networking company’s stock valued at $1,345,000 after purchasing an additional 801 shares in the last quarter. Finally, Cordasco Financial Network grew its position in shares of Facebook by 1.5% during the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock valued at $288,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 57.30% 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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