Facebook Inc (FB) Receives Consensus Rating of “Buy” from Brokerages

Shares of Facebook Inc (NASDAQ:FB) have been given a consensus recommendation of “Buy” by the forty-nine analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, forty-two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $203.88.

FB has been the topic of several research reports. Morgan Stanley restated an “overweight” rating and issued a $195.00 price target (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. KeyCorp restated a “buy” rating and issued a $200.00 price target on shares of Facebook in a research report on Wednesday, October 4th. Needham & Company LLC restated a “buy” rating and issued a $185.00 price target on shares of Facebook in a research report on Thursday, October 5th. Wells Fargo & Co set a $215.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th.

Shares of Facebook (FB) traded up $2.52 on Friday, reaching $190.00. 17,421,228 shares of the company traded hands, compared to its average volume of 19,060,000. Facebook has a 12 month low of $129.52 and a 12 month high of $190.66. The company has a market capitalization of $559,520.00, a PE ratio of 35.32, a PEG ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. sell-side analysts expect that Facebook will post 5.86 EPS for the current year.

In related news, Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the completion of the sale, the director now directly owns 6,311 shares of the company’s stock, valued at $1,129,037.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. Insiders have sold 4,160,000 shares of company stock valued at $748,854,420 over the last three months. Insiders own 17.23% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. lifted its position in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Capital World Investors lifted its position in shares of Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after buying an additional 833,810 shares during the last quarter. Northern Trust Corp lifted its position in shares of Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after buying an additional 114,694 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Facebook by 6.4% during the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after buying an additional 1,219,412 shares during the last quarter. 57.76% of the stock is owned by institutional investors and hedge funds.

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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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