Macquarie Analysts Give Facebook, Inc. (NASDAQ:FB) a $175.00 Price Target
Facebook, Inc. (NASDAQ:FB) has been given a $175.00 price objective by stock analysts at Macquarie in a research note issued on Monday. The firm presently has a “buy” rating on the social networking company’s stock. Macquarie’s target price indicates a potential upside of 6.43% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $185.00 price target on shares of Facebook in a report on Saturday, June 3rd. Barclays PLC reiterated an “overweight” rating and issued a $168.00 target price (up previously from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Aegis reiterated a “buy” rating on shares of Facebook in a research note on Sunday, April 2nd. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $159.91 price target for the company in a research report on Tuesday, June 6th. Finally, Pacific Crest reissued an “overweight” rating and issued a $155.00 price target on shares of Facebook in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and four have issued a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus target price of $167.37.
Facebook (FB) traded up 0.5523% during trading on Monday, reaching $165.3381. The company’s stock had a trading volume of 11,044,869 shares. Facebook has a 52 week low of $113.55 and a 52 week high of $165.70. The firm has a 50-day moving average price of $153.80 and a 200-day moving average price of $142.68. The firm has a market capitalization of $479.18 billion, a P/E ratio of 42.0387 and a beta of 0.67.
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, beating the consensus estimate of $0.88 by $0.16. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.83 billion. During the same period in the previous year, the business earned $0.77 EPS. The company’s revenue was up 49.2% on a year-over-year basis. On average, equities analysts anticipate that Facebook will post $4.87 EPS for the current fiscal year.
In other news, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total transaction of $30,236.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jan Koum sold 3,600,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total transaction of $576,216,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,360,716 shares of company stock valued at $2,083,002,199. Company insiders own 19.08% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new position in Facebook during the fourth quarter valued at about $4,731,000. Lyell Wealth Management LP acquired a new stake in Facebook during the fourth quarter valued at approximately $3,931,000. Polen Capital Management LLC raised its stake in Facebook by 8.2% in the fourth quarter. Polen Capital Management LLC now owns 5,003,453 shares of the social networking company’s stock valued at $575,647,000 after buying an additional 380,640 shares during the last quarter. Shelton Capital Management raised its stake in Facebook by 3.5% in the fourth quarter. Shelton Capital Management now owns 253,037 shares of the social networking company’s stock valued at $29,112,000 after buying an additional 8,513 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Facebook by 14,147.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 156,008 shares of the social networking company’s stock valued at $156,000 after buying an additional 154,913 shares during the last quarter. Institutional investors own 57.68% 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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