Mizuho reaffirmed their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note issued to investors on Monday, August 7th, MarketBeat.com reports.
Several other brokerages have also recently weighed in on FB. UBS AG reaffirmed a buy rating and set a $165.00 price target on shares of Facebook in a research note on Wednesday, April 19th. Barclays PLC reaffirmed a neutral rating on shares of Facebook in a research note on Friday, April 14th. Robert W. Baird reaffirmed an outperform rating and set a $163.00 price target on shares of Facebook in a research note on Thursday, May 4th. Vetr raised shares of Facebook from a hold rating to a buy rating and set a $154.73 price target for the company in a research note on Wednesday, May 17th. Finally, BidaskClub raised shares of Facebook from a buy rating to a strong-buy rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $183.47.
Facebook (NASDAQ:FB) traded up 0.30% on Monday, hitting $167.41. 14,967,148 shares of the stock traded hands. Facebook has a 12-month low of $113.55 and a 12-month high of $175.49. The stock has a market capitalization of $486.19 billion, a P/E ratio of 37.47 and a beta of 0.70. The company’s 50 day moving average price is $163.39 and its 200-day moving average price is $148.53.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the business earned $0.97 EPS. Facebook’s revenue for the quarter was up 44.8% compared to the same quarter last year. Analysts predict that Facebook will post $5.33 EPS for the current year.
In related news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $148.03, for a total transaction of $2,368,480.00. Following the completion of the sale, the insider now owns 221,328 shares in the company, valued at $32,763,183.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Koum sold 3,600,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,702,398 shares of company stock valued at $2,054,828,660. Corporate insiders own 19.08% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its position in Facebook by 20.0% in 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. boosted its position in Facebook by 1,358.0% in 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. Cohen Capital Management Inc. acquired a new position in Facebook during the first quarter valued at $121,000. Farmers & Merchants Investments Inc. boosted its position in Facebook by 4.4% in 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, Cable Hill Partners LLC boosted its position in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares in the last quarter. 57.40% of the stock is currently owned by institutional investors and hedge funds.
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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