Facebook, Inc. (FB) Receives Average Rating of “Buy” from Analysts
Shares of Facebook, Inc. (NASDAQ:FB) have been assigned an average recommendation of “Buy” from the fifty analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $186.95.
Several equities research analysts have recently weighed in on the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Robert W. Baird reissued an “outperform” rating and set a $185.00 target price (up previously from $163.00) on shares of Facebook in a research report on Thursday, July 27th. Mizuho reissued a “buy” rating on shares of Facebook in a research report on Monday, August 7th. MKM Partners reissued a “buy” rating and set a $200.00 target price (up previously from $180.00) on shares of Facebook in a research report on Monday, August 7th. Finally, Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.
In related news, CEO Mark Zuckerberg sold 281,436 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $151.01, for a total value of $42,499,650.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $152.89, for a total value of $114,667.50. Following the completion of the transaction, the vice president now directly owns 86,906 shares of the company’s stock, valued at $13,287,058.34. The disclosure for this sale can be found here. Insiders have sold 12,948,842 shares of company stock worth $2,121,156,283 in the last 90 days. 19.08% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. MPS Loria Financial Planners LLC bought a new position in Facebook during the 2nd quarter valued at $247,000. Frontier Investment Mgmt Co. boosted its stake in Facebook by 19.7% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 13,941 shares of the social networking company’s stock valued at $2,105,000 after purchasing an additional 2,295 shares in the last quarter. Intl Fcstone Inc. bought a new position in Facebook during the 2nd quarter valued at $1,538,000. Griffin Asset Management Inc. bought a new position in Facebook during the 2nd quarter valued at $242,000. Finally, Gs Investments Inc. bought a new position in Facebook during the 2nd quarter valued at $2,778,000. 57.26% of the stock is owned by institutional investors and hedge funds.
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Facebook (FB) traded down 0.33% during trading on Friday, reaching $170.54. The company’s stock had a trading volume of 12,097,138 shares. The stock has a 50 day moving average price of $170.12 and a 200 day moving average price of $154.54. Facebook has a 1-year low of $113.55 and a 1-year high of $175.49. The stock has a market capitalization of $404.24 billion, a PE ratio of 38.15 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. The company 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%. Facebook’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Analysts anticipate that Facebook will post $5.33 earnings per share for the current fiscal year.
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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