Facebook, Inc. (NASDAQ:FB) Given Consensus Recommendation of “Buy” by Brokerages
Facebook, Inc. (NASDAQ:FB) has been assigned an average rating of “Buy” from the fifty analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, thirty-nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $166.25.
A number of equities research analysts have issued reports on the stock. Aegis boosted their target price on shares of Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a report on Monday, April 17th. Instinet reissued a “buy” rating on shares of Facebook in a report on Saturday, March 25th. BTIG Research raised shares of Facebook from a “neutral” rating to a “buy” rating and boosted their target price for the company from $139.94 to $175.00 in a report on Tuesday, March 21st. Jefferies Group LLC reissued a “buy” rating and set a $175.00 target price on shares of Facebook in a report on Wednesday, April 19th. Finally, Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of Facebook in a report on Monday, April 24th.
Facebook (NASDAQ FB) traded up 1.17% during mid-day trading on Tuesday, reaching $155.30. The company had a trading volume of 13,658,369 shares. The company has a market capitalization of $450.09 billion, a P/E ratio of 39.49 and a beta of 0.67. Facebook has a one year low of $113.55 and a one year high of $156.50. The stock has a 50 day moving average price of $151.14 and a 200 day moving average price of $138.83.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.83 billion. Facebook had a net margin of 36.45% and a return on equity of 20.27%. Facebook’s revenue was up 49.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, equities analysts expect that Facebook will post $4.85 earnings per share for the current fiscal year.
In related news, CEO Mark Zuckerberg sold 281,436 shares of Facebook stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $151.01, for a total transaction of $42,499,650.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total transaction of $111,750.00. Following the sale, the vice president now owns 86,156 shares of the company’s stock, valued at approximately $12,837,244. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,336,515 shares of company stock valued at $948,677,716. 19.08% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. HCR Wealth Advisors acquired a new stake in Facebook during the fourth quarter valued at approximately $3,091,000. GSA Capital Partners LLP raised its stake in Facebook by 3,206.5% in the fourth quarter. GSA Capital Partners LLP now owns 67,287 shares of the social networking company’s stock valued at $7,741,000 after buying an additional 65,252 shares in the last quarter. Aviva PLC raised its stake in Facebook by 7.6% in the fourth quarter. Aviva PLC now owns 1,638,062 shares of the social networking company’s stock valued at $188,606,000 after buying an additional 115,558 shares in the last quarter. Amtrust Financial Services Inc. acquired a new stake in Facebook during the fourth quarter valued at approximately $1,420,000. Finally, Independent Advisor Alliance acquired a new stake in Facebook during the fourth quarter valued at approximately $6,418,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
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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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