Facebook Inc (NASDAQ:FB)‘s stock had its “buy” rating reiterated by equities researchers at Instinet in a report issued on Saturday.
A number of other research firms have also weighed in on FB. BTIG Research raised shares of Facebook from a “neutral” rating to a “buy” rating and raised their target price for the stock from $139.94 to $175.00 in a research note on Tuesday, March 21st. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price target on shares of Facebook in a report on Monday, March 13th. Goldman Sachs Group Inc restated a “positive” rating on shares of Facebook in a report on Tuesday, March 14th. Aegis restated a “buy” rating on shares of Facebook in a report on Wednesday, March 15th. Finally, William Blair restated an “outperform” rating on shares of Facebook in a report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-six have issued a buy rating and four have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $157.91.
Facebook (NASDAQ:FB) traded down 0.08% on Friday, hitting $143.68. The stock had a trading volume of 12,175,987 shares. The firm has a market capitalization of $415.23 billion, a price-to-earnings ratio of 41.13 and a beta of 0.68. The stock’s 50-day moving average is $140.15 and its 200 day moving average is $129.41. Facebook has a 1-year low of $106.31 and a 1-year high of $144.25. Facebook also was the target of unusually large options trading activity on Tuesday. Stock traders acquired 78,065 put options on the company. This is an increase of 109% compared to the typical daily volume of 37,299 put options.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.10. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period last year, the company posted $0.79 EPS. The business’s revenue was up 50.8% on a year-over-year basis. On average, equities research analysts predict that Facebook will post $5.44 earnings per share for the current fiscal year.
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In other Facebook news, CEO Mark Zuckerberg sold 386,116 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $135.97, for a total transaction of $52,500,192.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $130.28, for a total transaction of $97,710.00. Following the transaction, the vice president now directly owns 75,459 shares in the company, valued at approximately $9,830,798.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,012,117 shares of company stock worth $838,152,309. 19.08% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. First Financial Corp IN boosted its position in shares of Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock valued at $346,000 after buying an additional 11 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in shares of Facebook by 1.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,120 shares of the social networking company’s stock valued at $272,000 after buying an additional 20 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Facebook by 0.3% in the third quarter. Koshinski Asset Management Inc. now owns 8,088 shares of the social networking company’s stock valued at $1,037,000 after buying an additional 25 shares during the last quarter. Barrington Strategic Wealth Management Group LLC boosted its position in shares of Facebook by 1.3% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 2,015 shares of the social networking company’s stock valued at $232,000 after buying an additional 25 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its position in shares of Facebook by 0.4% in the third quarter. United Asset Strategies Inc. now owns 6,839 shares of the social networking company’s stock valued at $877,000 after buying an additional 26 shares during the last quarter. 57.00% of the stock is currently owned by institutional investors.
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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