Facebook Inc (NASDAQ:FB) – Equities research analysts at SunTrust Banks issued their FY2022 earnings per share estimates for shares of Facebook in a note issued to investors on Friday. SunTrust Banks analyst Y. Squali expects that the social networking company will post earnings of $16.26 per share for the year. SunTrust Banks currently has a “Buy” rating and a $240.00 target price on the stock.

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, topping the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share.

A number of other research analysts have also recently weighed in on the company. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC lifted their price objective on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity lifted their price objective on Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $203.72.

Facebook (NASDAQ:FB) traded down $8.40 during mid-day trading on Monday, hitting $179.37. The stock had a trading volume of 77,414,971 shares, compared to its average volume of 21,170,154. Facebook has a 12-month low of $126.78 and a 12-month high of $188.90. The stock has a market cap of $521,210.00, a PE ratio of 33.34, a P/E/G ratio of 1.02 and a beta of 0.68.

Several hedge funds have recently modified their holdings of FB. Country Trust Bank raised its position in shares of Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares in the last quarter. D. Scott Neal Inc. raised its position in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Facebook in the 3rd quarter worth $111,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook in the 2nd quarter worth $138,000. Finally, Vigilant Capital Management LLC raised its position in shares of Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 57.75% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total transaction of $129,322.50. Following the completion of the transaction, the vice president now owns 89,916 shares in the company, valued at approximately $15,504,215.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the transaction, the insider now owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,182,199 shares of company stock worth $752,724,430. Corporate insiders own 17.23% of the company’s stock.

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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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