Pivotal Research reaffirmed their sell rating on shares of Facebook, Inc. (NASDAQ:FB) in a research note released on Thursday, November 2nd. They currently have a $136.00 price target on the social networking company’s stock.
“We continue to rate the stock Sell. Facebook reported spectacular 3Q17 earnings featuring revenue growth of +47% (including advertising revenue growth of +43%), operating income margins of 50% and EPS of $1.59. This compared with our forecasts of +42% (with advertising revenue growth of +43%), operating income margins of 43% and EPS of $1.24 and consensus that was similar on revenue expectations, but higher on profitability.”,” Pivotal Research’s analyst commented.
A number of other equities analysts have also recently commented on the company. Credit Suisse Group restated a buy rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on Facebook and gave the company a buy rating in a research note on Friday, October 20th. Barclays PLC lifted their price target on Facebook from $200.00 to $215.00 and gave the stock an overweight rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a buy rating and issued a $185.00 target price on shares of Facebook in a report on Friday, September 1st. Finally, Wedbush set a $225.00 target price on Facebook and gave the company a buy rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has a consensus rating of Buy and a consensus price target of $197.95.
Facebook (NASDAQ:FB) opened at $181.86 on Thursday. The company has a market cap of $528,450.00, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67. Facebook has a one year low of $114.00 and a one year high of $182.90.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping 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 business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 47.3% on a year-over-year basis. analysts predict that Facebook will post 5.86 EPS for the current fiscal year.
In related news, VP David B. Fischer sold 16,298 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $168.88, for a total value of $2,752,406.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. Insiders have sold 5,890,749 shares of company stock valued at $1,039,269,443 over the last three months. Insiders own 17.23% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its position in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares in the last quarter. Regal Investment Advisors LLC boosted its position in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares during the period. Halbert Hargrove Russell LLC boosted its position in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares during the period. Enterprise Financial Services Corp boosted its position in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after buying an additional 21 shares during the period. Finally, Wagner Bowman Management Corp boosted its position in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 57.44% 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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