Facebook (NASDAQ:FB) Price Target Increased to $280.00 by Analysts at Deutsche Bank
Facebook (NASDAQ:FB) had its target price raised by Deutsche Bank from $270.00 to $280.00 in a research report released on Tuesday, The Fly reports. The firm currently has a buy rating on the social networking company’s stock.
Other equities research analysts have also recently issued reports about the stock. DZ Bank restated a buy rating on shares of Facebook in a report on Thursday, October 31st. Tigress Financial reaffirmed a buy rating on shares of Facebook in a research report on Friday, December 27th. Summit Redstone initiated coverage on shares of Facebook in a research report on Friday, September 27th. They set a buy rating for the company. BidaskClub raised shares of Facebook from a buy rating to a strong-buy rating in a research report on Tuesday. Finally, Evercore ISI reaffirmed a positive rating and set a $280.00 price objective on shares of Facebook in a research report on Monday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook presently has a consensus rating of Buy and an average target price of $236.37.
Shares of NASDAQ:FB opened at $219.06 on Tuesday. The stock has a market capitalization of $632.83 billion, a PE ratio of 28.94, a P/E/G ratio of 1.16 and a beta of 1.05. Facebook has a 1 year low of $141.27 and a 1 year high of $219.88. The firm has a fifty day moving average price of $205.30 and a 200 day moving average price of $193.54. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09.
In other Facebook news, CAO Susan J.S. Taylor sold 1,133 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $198.58, for a total value of $224,991.14. Following the sale, the chief accounting officer now directly owns 1,505 shares in the company, valued at $298,862.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer Newstead sold 260 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $212.85, for a total transaction of $55,341.00. Following the completion of the sale, the vice president now owns 1,306 shares in the company, valued at $277,982.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,228,140 shares of company stock worth $233,184,417. Insiders own 14.53% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Facebook by 2.0% during the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock worth $34,871,738,000 after acquiring an additional 3,465,756 shares during the period. State Street Corp raised its holdings in shares of Facebook by 0.7% during the third quarter. State Street Corp now owns 93,435,833 shares of the social networking company’s stock worth $16,639,053,000 after acquiring an additional 627,442 shares during the period. Invesco Ltd. raised its holdings in shares of Facebook by 36.5% during the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after acquiring an additional 9,368,684 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Facebook by 5,336.8% during the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after acquiring an additional 22,082,561 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Facebook by 2.7% during the third quarter. Parametric Portfolio Associates LLC now owns 8,325,423 shares of the social networking company’s stock worth $1,482,591,000 after acquiring an additional 218,150 shares during the period. Institutional investors own 63.77% of the company’s stock.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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