Facebook (FB) Downgraded to Buy at BidaskClub

Facebook (NASDAQ:FB) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.

FB has been the topic of several other research reports. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a research report on Wednesday, January 10th. Wells Fargo & Co reissued an “outperform” rating and set a $215.00 target price (up previously from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank of Canada reissued a “buy” rating and set a $195.00 target price on shares of Facebook in a research report on Friday, October 13th. Wedbush reissued an “outperform” rating and set a $230.00 target price (up previously from $225.00) on shares of Facebook in a research report on Thursday, November 2nd. Finally, Macquarie set a $205.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $202.86.

Shares of Facebook (FB) traded up $1.49 on Friday, hitting $181.29. The stock had a trading volume of 26,266,081 shares, compared to its average volume of 18,570,000. The stock has a market cap of $526,790.00, a PE ratio of 33.70, a PEG ratio of 1.03 and a beta of 0.68. Facebook has a fifty-two week low of $126.78 and a fifty-two week high of $188.90.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during 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 quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. equities analysts forecast that Facebook will post 5.86 earnings per share for the current fiscal year.

In related news, VP David B. Fischer sold 4,699 shares of Facebook stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total value of $806,019.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now owns 89,916 shares in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. Insiders sold a total of 4,181,449 shares of company stock worth $752,592,962 over the last quarter. Company insiders own 17.23% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Country Trust Bank boosted its position in Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares in the last quarter. D. Scott Neal Inc. boosted its position in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook during the third quarter worth $111,000. Mountain Capital Investment Advisors Inc purchased a new stake in Facebook during the second quarter worth $138,000. Finally, Vigilant Capital Management LLC boosted its position in Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 57.75% of the company’s stock.

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About Facebook

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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