Facebook (FB) Upgraded at BidaskClub

BidaskClub upgraded shares of Facebook (NASDAQ:FB) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, January 10th.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. set a $230.00 price target on shares of Facebook and gave the stock a buy rating in a report on Monday, January 8th. Pivotal Research restated a sell rating and set a $147.00 price target on shares of Facebook in a report on Monday, January 8th. Credit Suisse Group raised their price target on shares of Facebook from $230.00 to $232.00 and gave the stock an outperform rating in a report on Monday, January 8th. Wells Fargo & Co reaffirmed an outperform rating and set a $230.00 price objective (up previously from $215.00) on shares of Facebook in a research report on Monday, January 8th. Finally, Vetr lowered shares of Facebook from a strong-buy rating to a buy rating and set a $203.53 price objective on the stock. in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $203.72.

Shares of Facebook (NASDAQ:FB) traded down $0.98 on Wednesday, hitting $178.39. 36,183,800 shares of the stock traded hands, compared to its average volume of 22,672,740. The firm has a market cap of $513,980.00, a PE ratio of 33.16, a P/E/G ratio of 1.02 and a beta of 0.68. Facebook has a 12 month low of $126.78 and a 12 month high of $188.90.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. sell-side analysts forecast that Facebook will post 5.86 earnings per share for the current year.

In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now directly owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 238,715 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total value of $42,498,431.45. The disclosure for this sale can be found here. Insiders have sold a total of 4,181,449 shares of company stock valued at $752,592,962 over the last three months. Company insiders own 17.23% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FB. City Holding Co. boosted its holdings in shares of Facebook by 8.6% in the 4th quarter. City Holding Co. now owns 16,079 shares of the social networking company’s stock valued at $2,837,000 after buying an additional 1,276 shares during the last quarter. National Pension Service boosted its holdings in shares of Facebook by 4.7% in the 4th quarter. National Pension Service now owns 1,898,906 shares of the social networking company’s stock valued at $335,081,000 after buying an additional 85,967 shares during the last quarter. Asset Dedication LLC boosted its holdings in shares of Facebook by 15.6% in the 4th quarter. Asset Dedication LLC now owns 8,399 shares of the social networking company’s stock valued at $1,474,000 after buying an additional 1,134 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its holdings in shares of Facebook by 21.6% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 1,842 shares of the social networking company’s stock valued at $325,000 after buying an additional 327 shares during the last quarter. Finally, Davis R M Inc. boosted its holdings in shares of Facebook by 4.0% in the 4th quarter. Davis R M Inc. now owns 175,578 shares of the social networking company’s stock valued at $30,982,000 after buying an additional 6,818 shares during the last quarter. 57.75% of the stock is owned by hedge funds and other institutional investors.

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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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