Facebook (FB) Receiving Somewhat Favorable News Coverage, Analysis Finds
News coverage about Facebook (NASDAQ:FB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Facebook earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the social networking company an impact score of 44.762343334504 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Insider Selling: Facebook, Inc. (FB) CEO Sells 249,527 Shares of Stock (americanbankingnews.com)
- Better Buy: Facebook, Inc. vs. Twitter (fool.com)
- Facebook’s Instagram Is Turning Into an E-Commerce Platform (fool.com)
- Here’s a sneak peek of the new book about Amazon, Apple, Facebook and Google (cnbc.com)
- Facebook Messenger Lite: 9 Things to Know About Data-Saving Version (investorplace.com)
A number of analysts have recently issued reports on the stock. Cowen and Company restated an “average” rating and set a $200.00 price target (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $185.00 price target on shares of Facebook in a research report on Tuesday, July 11th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective on the stock in a report on Tuesday, June 6th. Cantor Fitzgerald set a $180.00 price objective on Facebook and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $185.06.
Facebook (NASDAQ FB) traded up 0.29% during trading on Tuesday, reaching $169.96. The company had a trading volume of 8,190,273 shares. The firm has a market capitalization of $493.60 billion, a price-to-earnings ratio of 38.04 and a beta of 0.70. The stock has a 50 day moving average price of $169.83 and a 200 day moving average price of $156.72. Facebook has a 12 month low of $113.55 and a 12 month high of $175.49.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s revenue was up 44.8% compared to the same quarter last year. On average, equities research analysts predict that Facebook will post $5.36 earnings per share for the current year.
In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total transaction of $111,750.00. Following the transaction, the vice president now directly owns 86,156 shares of the company’s stock, valued at $12,837,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 268,100 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $158.52, for a total transaction of $42,499,212.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,917,683 shares of company stock worth $2,121,292,136. Corporate insiders own 19.08% of the company’s stock.
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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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