Facebook, Inc. (FB) Given a $200.00 Price Target by Robert W. Baird Analysts
Facebook, Inc. (NASDAQ:FB) has been given a $200.00 price target by analysts at Robert W. Baird in a report issued on Thursday. The brokerage presently has a “buy” rating on the social networking company’s stock. Robert W. Baird’s price target indicates a potential upside of 11.07% from the company’s current price.
Other analysts have also issued research reports about the company. Cowen and Company reissued an “average” rating and issued a $200.00 target price (up previously from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $185.00 target price on shares of Facebook in a research report on Tuesday, July 11th. Bank of America Corporation reissued a “buy” rating and issued a $170.00 target price on shares of Facebook in a research report on Thursday, July 13th. Deutsche Bank AG boosted their target price on Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) set a $180.00 target price on Facebook and gave the company a “buy” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus target price of $195.14.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share.
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In related news, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total transaction of $468,234,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the sale, the vice president now directly owns 92,591 shares in the company, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. In the last three months, insiders sold 8,306,683 shares of company stock worth $1,441,300,245. Insiders own 19.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FB. Janus Henderson Group PLC increased its stake in Facebook by 283.6% during the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares during the period. Vanguard Group Inc. increased its stake in Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the period. BlackRock Inc. increased its stake in Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the period. Harbour Capital Advisors LLC increased its stake in Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after buying an additional 2,523,918 shares during the period. Finally, Magellan Asset Management Ltd increased its stake in Facebook by 28.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after buying an additional 2,361,166 shares during the period. 57.27% of the stock is currently owned by hedge funds and other institutional investors.
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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