Facebook (NASDAQ:FB)‘s stock had its “sell” rating reaffirmed by investment analysts at Pivotal Research in a research note issued to investors on Monday. They currently have a $147.00 price target on the social networking company’s stock. Pivotal Research’s price target would suggest a potential downside of 22.63% from the stock’s previous close.
The analysts wrote, “We wanted to update our perspective on whether large brand marketers will eventually react, and so reached out to a number of practitioners within marketing organizations across a wide range of categories in recent day. Our take-away is that so long as there is no expectation of a negative brand impact from running ads on those platforms and so long as near- term user or usage trends aren’t impacted by negative news, ad budget plans will not change in any meaningful way.””
Other research analysts also recently issued reports about the stock. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 target price on the stock in a research note on Thursday. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. UBS Group set a $208.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Wedbush set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $202.83.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s revenue was up 47.3% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. analysts anticipate that Facebook will post 5.86 EPS for the current fiscal year.
In other news, 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 transaction of $7,140,733.11. Following the sale, the insider now owns 381,521 shares in the company, valued at approximately $71,661,089.43. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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. In the last 90 days, insiders have sold 4,160,000 shares of company stock worth $748,854,420. Company insiders own 17.23% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FB. Hoertkorn Richard Charles boosted its stake in Facebook by 3.0% in the 2nd quarter. Hoertkorn Richard Charles now owns 12,202 shares of the social networking company’s stock worth $1,842,000 after purchasing an additional 350 shares in the last quarter. Professional Advisory Services Inc. purchased a new position in Facebook in the 2nd quarter worth about $12,804,000. Baldwin Brothers Inc. MA raised its position in Facebook by 0.4% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 25,895 shares of the social networking company’s stock worth $3,910,000 after buying an additional 100 shares during the last quarter. First Financial Corp IN raised its position in Facebook by 4.3% in the 2nd quarter. First Financial Corp IN now owns 2,541 shares of the social networking company’s stock worth $383,000 after buying an additional 105 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Facebook by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 2,050,201 shares of the social networking company’s stock worth $309,540,000 after buying an additional 6,888 shares during the last quarter. Institutional investors own 57.81% of the company’s stock.
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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