Morningstar Reiterates “$163.00” Price Target for Facebook (FB)
Facebook (NASDAQ:FB) has been assigned a $163.00 price objective by Morningstar in a research report issued on Friday. The firm presently has a “neutral” rating on the social networking company’s stock. Morningstar’s target price would suggest a potential downside of 9.34% from the stock’s current price.
A number of other research analysts have also issued reports on the stock. BidaskClub lowered shares of Facebook from a “strong-buy” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Facebook in a report on Monday. SunTrust Banks increased their price target on shares of Facebook to $240.00 and gave the company a “buy” rating in a report on Friday, January 12th. Stifel Nicolaus downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, Morgan Stanley set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $202.86.
Facebook (NASDAQ FB) traded up $2.20 during trading hours on Friday, reaching $179.80. 23,304,900 shares of the company were exchanged, compared to its average volume of 23,169,100. Facebook has a 1-year low of $126.78 and a 1-year high of $188.90. The firm has a market cap of $527,350.00, a price-to-earnings ratio of 33.42, a PEG ratio of 1.00 and a beta of 0.68.
Facebook (NASDAQ:FB) last posted 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. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the business posted $1.09 EPS. Facebook’s revenue was up 47.3% compared to the same quarter last year. equities research analysts forecast that Facebook will post 5.86 EPS for the current fiscal year.
In related news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the completion of the transaction, the insider now directly owns 172,871 shares of the company’s stock, valued at approximately $30,286,999.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the transaction, the vice president now directly owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 4,181,449 shares of company stock valued at $752,592,962 over the last three months. 17.23% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Country Trust Bank grew its position in shares of Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares during the period. D. Scott Neal Inc. grew its position in shares of Facebook by 1,358.0% during the 2nd 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. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook during the third quarter valued at approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook during the second quarter valued at approximately $138,000. Finally, Vigilant Capital Management LLC grew its holdings in Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 57.75% of the company’s stock.
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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.