Facebook’s (NASDAQ:FB) “Hold” Rating Reiterated at Pivotal Research
Facebook, Inc. (NASDAQ:FB)‘s stock had its “hold” rating reiterated by equities research analysts at Pivotal Research in a note issued to investors on Monday. They presently have a $140.00 price target on the social networking company’s stock. Pivotal Research’s price objective would suggest a potential downside of 12.48% from the company’s previous close.
Other equities research analysts have also issued reports about the company. UBS AG reaffirmed a “buy” rating and set a $165.00 target price on shares of Facebook in a research report on Wednesday, April 19th. Barclays PLC reissued a “neutral” rating on shares of Facebook in a research report on Friday, April 14th. Robert W. Baird reissued an “outperform” rating and set a $163.00 price target on shares of Facebook in a research report on Thursday, May 4th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $154.73 price target on the stock in a research report on Wednesday, May 17th. Finally, BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have issued a buy rating and four have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $166.04.
Shares of Facebook (NASDAQ:FB) opened at 159.97 on Monday. The company’s 50 day moving average price is $151.14 and its 200-day moving average price is $138.83. The firm has a market cap of $463.62 billion, a price-to-earnings ratio of 40.67 and a beta of 0.67. Facebook has a 1-year low of $113.55 and a 1-year high of $160.32.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (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 analyst estimates of $7.83 billion. Facebook had a return on equity of 20.27% and a net margin of 36.45%. Facebook’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities analysts expect that Facebook will post $4.87 EPS for the current fiscal year.
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In related news, insider Michael Todd Schroepfer sold 37,914 shares of Facebook stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $154.43, for a total transaction of $5,855,059.02. Following the completion of the transaction, the insider now owns 856,491 shares in the company, valued at $132,267,905.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 268,100 shares of Facebook stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $158.52, for a total value of $42,499,212.00. The disclosure for this sale can be found here. Insiders have sold 6,418,424 shares of company stock valued at $968,295,299 in the last quarter. 19.08% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the company. First Financial Corp IN boosted its stake in shares of Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock worth $346,000 after buying an additional 11 shares in the last quarter. Enterprise Financial Services Corp boosted its stake 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 in the last quarter. Barrington Strategic Wealth Management Group LLC boosted its stake in shares of Facebook by 1.3% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 2,015 shares of the social networking company’s stock worth $232,000 after buying an additional 25 shares in the last quarter. Cordasco Financial Network boosted its stake in shares of Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock worth $288,000 after buying an additional 29 shares in the last quarter. Finally, Keel Point LLC boosted its stake in shares of Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock worth $325,000 after buying an additional 34 shares in the last quarter. Institutional investors own 57.63% 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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