Wells Fargo & Company set a $215.00 price objective on Facebook, Inc. (NASDAQ:FB) in a report issued on Friday, October 6th. The firm currently has a buy rating on the social networking company’s stock.
A number of other analysts have also commented on FB. Mizuho reissued a buy rating and issued a $230.00 target price on shares of Facebook in a report on Wednesday, September 20th. Barclays PLC set a $200.00 target price on Facebook and gave the stock a buy rating in a report on Friday, July 28th. FBN Securities reissued an outperform rating and issued a $210.00 target price (up previously from $175.00) on shares of Facebook in a report on Sunday, July 30th. Morgan Stanley set a $190.00 target price on Facebook and gave the stock a buy rating in a report on Monday, July 31st. Finally, Atlantic Securities set a $200.00 price objective on Facebook and gave the stock a buy rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $185.38.
Shares of Facebook (NASDAQ FB) opened at 176.03 on Friday. The company’s 50-day moving average price is $171.28 and its 200 day moving average price is $159.15. The company has a market cap of $511.23 billion, a P/E ratio of 39.40 and a beta of 0.70. Facebook has a one year low of $113.55 and a one year high of $176.74.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. On average, equities research analysts anticipate that Facebook will post $5.34 earnings per share for the current year.
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In related news, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $172.25, for a total value of $10,389,431.00. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at approximately $1,087,069.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $164.28, for a total transaction of $2,628,480.00. Following the completion of the sale, the insider now owns 196,871 shares of the company’s stock, valued at approximately $32,341,967.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,762,300 shares of company stock worth $982,461,909. Corporate insiders own 19.08% of the company’s stock.
Large investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI grew its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares in the last quarter. D. Scott Neal Inc. grew its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares in the last quarter. Pacific Center for Financial Services grew its stake in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook in the second quarter worth $138,000. Institutional investors and hedge funds own 57.24% of the company’s stock.
Facebook Company Profile
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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