Facebook, Inc. (NASDAQ:FB) has been assigned a $225.00 target price by research analysts at JMP Securities in a research note issued to investors on Thursday, November 2nd. The firm presently has a “buy” rating on the social networking company’s stock. JMP Securities’ target price would indicate a potential upside of 26.35% from the company’s current price.
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 related news, Director Jan Koum sold 2,600,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 254,525 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $166.97, for a total transaction of $42,498,039.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,890,410 shares of company stock worth $859,895,025. Corporate insiders own 19.08% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI lifted its stake in Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares in the last quarter. D. Scott Neal Inc. lifted its stake in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook during the third quarter valued at about $111,000. Farmers & Merchants Investments Inc. lifted its stake in Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares in the last quarter. Finally, Pacific Center for Financial Services lifted its stake in Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 88 shares in the last quarter. 57.35% of the stock is owned by institutional investors.
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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