Facebook Receives “Positive” Rating from William Blair (FB)
Facebook (NASDAQ:FB)‘s stock had its “positive” rating reaffirmed by investment analysts at William Blair in a note issued to investors on Thursday, StockRatingsNetwork reports.
In other Facebook news, CTO Michael Todd Schroepfer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $54.90, for a total value of $1,372,500.00. Following the completion of the sale, the chief technology officer now directly owns 367,918 shares in the company, valued at approximately $20,198,698. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Facebook (NASDAQ:FB) traded up 0.45% during mid-day trading on Thursday, hitting $58.49. The stock had a trading volume of 12,324,690 shares. Facebook has a 1-year low of $22.67 and a 1-year high of $58.58. The stock has a 50-day moving average of $51.82 and a 200-day moving average of $43.47. The company has a market cap of $143.6 billion and a P/E ratio of 148.93.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company posted $0.12 earnings per share. Facebook’s revenue was up 59.7% compared to the same quarter last year. Analysts expect that Facebook will post $0.84 EPS for the current fiscal year.
A number of other firms have also recently commented on FB. Analysts at Merrill Lynch reiterated a “buy” rating on shares of Facebook in a research note to investors on Monday. Separately, analysts at Argus reiterated a “buy” rating on shares of Facebook in a research note to investors on Monday. They now have a $54.56 price target on the stock, down previously from $63.00. Finally, analysts at SunTrust set a $65.00 price target on shares of Facebook in a research note to investors on Monday. Six equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $60.35.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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