Deutsche Bank AG Reiterates “Buy” Rating for Facebook, Inc. (FB)

Deutsche Bank AG reiterated their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note issued to investors on Thursday, November 2nd.

A number of other equities analysts also recently commented on FB. Cowen and Company reissued an outperform rating and issued a $195.00 price objective on shares of Facebook in a research note on Thursday, August 10th. Citigroup Inc. reissued a buy rating and issued a $200.00 price objective on shares of Facebook in a research note on Wednesday, September 27th. Pivotal Research lowered shares of Facebook from a hold rating to a sell rating in a report on Tuesday, August 8th. Robert W. Baird reaffirmed an outperform rating and issued a $185.00 price target (up from $163.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Facebook from a buy rating to a hold rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has a consensus rating of Buy and a consensus price target of $197.95.

Shares of Facebook (NASDAQ FB) traded down $0.70 during trading hours on Thursday, hitting $178.07. The company’s stock had a trading volume of 9,548,899 shares, compared to its average volume of 16,909,369. Facebook has a fifty-two week low of $114.00 and a fifty-two week high of $182.90. The stock has a market capitalization of $517,440.00, a price-to-earnings ratio of 34.44, a PEG ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts predict that Facebook will post 5.81 earnings per share for the current year.

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In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the transaction, the vice president now owns 92,591 shares in the company, valued at approximately $15,204,368.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $180.27, for a total transaction of $2,884,320.00. Following the transaction, the insider now owns 49,816 shares of the company’s stock, valued at approximately $8,980,330.32. The disclosure for this sale can be found here. Insiders sold a total of 4,890,410 shares of company stock valued at $859,895,025 in the last quarter. 19.08% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hartford Financial Management Inc. lifted its position in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after purchasing an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC lifted its position in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after purchasing an additional 19 shares in the last quarter. Enterprise Financial Services Corp lifted its position in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after purchasing an additional 21 shares in the last quarter. Finally, Wagner Bowman Management Corp lifted its position in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after purchasing an additional 25 shares in the last quarter. 57.35% of the stock is owned by institutional investors and hedge funds.

About Facebook

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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