Facebook (NASDAQ:FB) received a $225.00 price objective from equities researchers at Robert W. Baird in a report released on Thursday. The brokerage presently has a “buy” rating on the social networking company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 16.05% from the company’s current price.
A number of other equities research analysts have also issued reports on FB. Credit Suisse Group reissued an “outperform” rating and issued a $232.00 price objective (up previously from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Barclays upped their price objective on shares of Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Co set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Atlantic Securities set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $210.36.
Facebook (NASDAQ FB) traded up $7.00 during trading on Thursday, hitting $193.89. 47,071,182 shares of the stock were exchanged, compared to its average volume of 24,643,055. Facebook has a fifty-two week low of $130.30 and a fifty-two week high of $195.32. The stock has a market capitalization of $561,000.00, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $180.27, for a total value of $2,884,320.00. Following the completion of the sale, the insider now owns 49,816 shares of the company’s stock, valued at $8,980,330.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $180.35, for a total value of $135,262.50. Following the completion of the sale, the vice president now directly owns 88,091 shares of the company’s stock, valued at approximately $15,887,211.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,564,837 shares of company stock valued at $281,533,757. Corporate insiders own 17.23% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FB. Hartford Financial Management Inc. raised its stake in shares of Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares during the last quarter. Regal Investment Advisors LLC raised its stake in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares during the last quarter. Halbert Hargrove Russell LLC raised its stake in shares of Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its stake in shares of Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares during the last quarter. Finally, Aspen Investment Management Inc raised its stake in shares of Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after buying an additional 30 shares during the last quarter. 57.81% of the stock is owned by institutional investors.
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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.
