Facebook (NASDAQ:FB) received a $225.00 price objective from equities researchers at Deutsche Bank in a research report issued on Monday. The brokerage presently has a “buy” rating on the social networking company’s stock. Deutsche Bank’s target price indicates a potential upside of 18.42% from the company’s current price.
A number of other research analysts have also weighed in on FB. Morgan Stanley restated an “overweight” rating and issued a $195.00 price objective (up previously from $190.00) on shares of Facebook in a report on Monday, October 2nd. KeyCorp reiterated a “buy” rating and set a $200.00 price target on shares of Facebook in a report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Thursday, October 5th. Wells Fargo & Co set a $215.00 price target on Facebook and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $202.94.
Facebook (NASDAQ FB) opened at $190.00 on Monday. The firm has a market capitalization of $552,100.00, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Facebook has a fifty-two week low of $129.52 and a fifty-two week high of $190.66.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share 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 23.64% and a net margin of 41.69%. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. analysts forecast that Facebook will post 5.86 earnings per share for the current year.
In other Facebook news, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.16, for a total value of $135,120.00. Following the completion of the transaction, the vice president now directly owns 88,841 shares of the company’s stock, valued at $16,005,594.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,160,000 shares of company stock worth $748,854,420. 17.23% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hoertkorn Richard Charles grew its position in shares of Facebook by 3.0% during the second quarter. Hoertkorn Richard Charles now owns 12,202 shares of the social networking company’s stock worth $1,842,000 after buying an additional 350 shares in the last quarter. Professional Advisory Services Inc. purchased a new stake in Facebook during the second quarter worth approximately $12,804,000. Baldwin Brothers Inc. MA lifted its stake in Facebook by 0.4% during the second quarter. Baldwin Brothers Inc. MA now owns 25,895 shares of the social networking company’s stock worth $3,910,000 after purchasing an additional 100 shares during the last quarter. First Financial Corp IN lifted its stake in Facebook by 4.3% during the second quarter. First Financial Corp IN now owns 2,541 shares of the social networking company’s stock worth $383,000 after purchasing an additional 105 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its stake in Facebook by 0.3% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,050,201 shares of the social networking company’s stock worth $309,540,000 after purchasing an additional 6,888 shares during the last quarter. 57.81% of the stock is owned by institutional investors.
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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.