BidaskClub Upgrades Facebook, Inc. (FB) to “Strong-Buy”

BidaskClub upgraded shares of Facebook, Inc. (NASDAQ:FB) from a buy rating to a strong-buy rating in a report published on Thursday, July 13th.

FB has been the subject of a number of other reports. Pacific Crest reaffirmed an overweight rating and issued a $155.00 price objective on shares of Facebook in a research note on Monday, April 24th. Needham & Company LLC lifted their price objective on Facebook from $150.00 to $165.00 and gave the company a buy rating in a research note on Friday, April 28th. Wedbush set a $185.00 target price on Facebook and gave the stock a buy rating in a research note on Thursday, May 4th. Morgan Stanley reissued a buy rating and set a $175.00 target price on shares of Facebook in a research note on Thursday, May 4th. Finally, Nomura set a $165.00 target price on Facebook and gave the stock a buy rating in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and four have given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $180.91.

Shares of Facebook (NASDAQ FB) opened at 171.23 on Thursday. The company has a market cap of $497.29 billion, a PE ratio of 38.32 and a beta of 0.70. Facebook has a 12-month low of $113.55 and a 12-month high of $175.49. The company has a 50-day moving average of $159.02 and a 200 day moving average of $145.93.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. On average, equities research analysts expect that Facebook will post $5.33 EPS for the current year.

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In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $169.93, for a total value of $127,447.50. Following the transaction, the vice president now owns 83,156 shares of the company’s stock, valued at approximately $14,130,699.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thiel sold 60,316 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $172.25, for a total value of $10,389,431.00. Following the transaction, the director now directly owns 6,311 shares in the company, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,166,363 shares of company stock worth $1,604,306,533. 19.08% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI boosted its stake 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 worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. boosted its stake 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 worth $110,000 after buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in 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 buying an additional 34 shares during the period. Cohen Capital Management Inc. acquired a new stake in Facebook during the first quarter worth approximately $121,000. Finally, Cable Hill Partners LLC boosted its stake in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. 57.60% of the stock is currently owned by institutional investors.

About Facebook

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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