Facebook, Inc. (NASDAQ:FB) had its target price hoisted by Barclays PLC from $200.00 to $215.00 in a report published on Thursday, November 2nd. The brokerage currently has an overweight rating on the social networking company’s stock.
Several other analysts also recently issued reports 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. reaffirmed a buy rating and set a $200.00 price target on shares of Facebook in a research note on Wednesday, September 27th. Pivotal Research downgraded shares of Facebook from a hold rating to a sell rating in a research note on Tuesday, August 8th. Robert W. Baird reaffirmed an outperform rating and set a $185.00 price target (up previously from $163.00) on shares of Facebook in a research note 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 assigned a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $197.95.
Shares of Facebook (FB) traded up $0.24 during mid-day trading on Thursday, reaching $178.31. The company’s stock had a trading volume of 6,171,286 shares, compared to its average volume of 16,909,369. The stock has a market cap 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 has a 1-year low of $114.00 and a 1-year high of $182.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts expect that Facebook will post 5.81 EPS for the current year.
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In other Facebook news, Director Jan Koum sold 2,600,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was 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 available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total value of $135,262.50. Following the completion of the sale, the vice president now owns 88,091 shares of the company’s stock, valued at approximately $15,887,211.85. The disclosure for this sale can be found here. Insiders have sold a total of 4,890,410 shares of company stock worth $859,895,025 in the last quarter. Company insiders own 19.08% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Facebook in the third quarter worth $111,000. Arcadia Investment Management Corp MI lifted its stake in shares of Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. lifted its stake in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in shares of Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the period. Finally, Stelac Advisory Services LLC acquired a new stake in shares of Facebook during the third quarter worth $152,000. 57.35% of the stock is owned by hedge funds and other 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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