Facebook, Inc. (NASDAQ:FB) Earns Neutral Rating from Monness Crespi & Hardt
Facebook, Inc. (NASDAQ:FB)‘s stock had its “neutral” rating reissued by equities researchers at Monness Crespi & Hardt in a report released on Thursday.
Other equities research analysts also recently issued research reports about the company. UBS AG restated a “buy” rating and set a $165.00 target price on shares of Facebook in a research report on Wednesday, April 19th. Barclays PLC restated a “neutral” rating on shares of Facebook in a research report on Friday, April 14th. Robert W. Baird restated an “outperform” rating and set a $163.00 target price on shares of Facebook in a research report on Thursday, May 4th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $154.73 target price on the stock in a research report on Wednesday, May 17th. Finally, BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-two have issued a buy rating and four have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $176.91.
Facebook (NASDAQ:FB) traded up 2.92% during mid-day trading on Thursday, reaching $170.44. The company had a trading volume of 68,910,708 shares. The company’s 50-day moving average is $155.71 and its 200-day moving average is $144.19. Facebook has a one year low of $113.55 and a one year high of $175.49. The stock has a market capitalization of $493.97 billion, a PE ratio of 43.34 and a beta of 0.67. Facebook also was the target of some unusual options trading on Wednesday. Investors acquired 213,349 call options on the stock. This is an increase of 121% compared to the typical volume of 96,355 call options.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 20.27% and a net margin of 36.45%. Facebook’s revenue was up 44.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. Equities research analysts anticipate that Facebook will post $4.89 earnings per share for the current year.
In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $165.29, for a total value of $123,967.50. Following the completion of the transaction, the vice president now directly owns 83,906 shares in the company, valued at approximately $13,868,822.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $150.05, for a total transaction of $2,400,800.00. Following the completion of the transaction, the insider now owns 165,431 shares of the company’s stock, valued at $24,822,921.55. The disclosure for this sale can be found here. Insiders have sold 13,360,716 shares of company stock valued at $2,083,016,681 over the last quarter. Company insiders own 19.08% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI increased its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. increased its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the period. Cohen Capital Management Inc. bought a new stake in Facebook during the first quarter worth approximately $121,000. Farmers & Merchants Investments Inc. increased its stake in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the period. Finally, Cable Hill Partners LLC increased its stake in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. 57.68% of the stock is owned by institutional investors and hedge funds.
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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