Facebook, Inc. (NASDAQ:FB) had its target price lifted by Oppenheimer Holdings, Inc. from $195.00 to $200.00 in a report issued on Thursday, November 2nd. The firm currently has an “outperform” rating on the social networking company’s stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 12.32% from the company’s current price.
Several other equities analysts also recently weighed in on FB. Cowen and Company restated an “outperform” rating and issued a $195.00 target price on shares of Facebook in a research report on Thursday, August 10th. Citigroup Inc. restated a “buy” rating and issued a $200.00 target price on shares of Facebook in a research report on Wednesday, September 27th. Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Robert W. Baird restated an “outperform” rating and issued a $185.00 target price (up previously from $163.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. Facebook presently has an average rating of “Buy” and an average price target of $197.95.
Shares of Facebook (FB) traded down $0.70 on Thursday, reaching $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 one year low of $114.00 and a one year high of $182.90. The firm has a market capitalization of $517,440.00, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.15 and a beta of 0.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. research analysts predict that Facebook will post 5.81 EPS for the current year.
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In related news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total value of $123,157.50. Following the completion of the sale, the vice president now directly owns 92,591 shares in the company, valued at approximately $15,204,368.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David B. Fischer sold 4,699 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The disclosure for this sale can be found here. Insiders sold a total of 4,890,410 shares of company stock worth $859,895,025 over the last ninety days. Corporate insiders own 19.08% of the company’s stock.
A number of large investors have recently bought and sold shares of FB. Janus Henderson Group PLC lifted its holdings in Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after acquiring an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Harding Loevner LP raised its holdings in shares of Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after buying an additional 2,966,978 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Facebook by 15,047.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after buying an additional 2,523,918 shares during the last quarter. Institutional investors and hedge funds own 57.35% of the company’s stock.
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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