Facebook, Inc. (FB) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Facebook, Inc. (NASDAQ:FB) have been assigned a consensus rating of “Buy” from the forty-nine research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, forty have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $211.53.

FB has been the subject of several research analyst reports. Macquarie reaffirmed a “buy” rating and set a $200.00 target price on shares of Facebook in a research note on Tuesday, March 20th. 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 report on Thursday, January 25th. Zacks Investment Research downgraded shares of Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. JPMorgan Chase reissued a “buy” rating and set a $242.00 target price on shares of Facebook in a research report on Tuesday, April 10th. Finally, Wedbush set a $260.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Monday.

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In other news, insider Michael Todd Schroepfer sold 38,050 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $174.39, for a total value of $6,635,539.50. Following the completion of the sale, the insider now directly owns 381,521 shares in the company, valued at $66,533,447.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David B. Fischer sold 5,587 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. Insiders have sold 7,102,678 shares of company stock valued at $1,241,324,653 over the last 90 days. 17.23% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Country Trust Bank raised its holdings in Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after acquiring an additional 479 shares in the last quarter. Armbruster Capital Management Inc. raised its holdings in Facebook by 358.4% during the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after purchasing an additional 448 shares in the last quarter. Taylor Hoffman Wealth Management acquired a new stake in Facebook during the fourth quarter worth approximately $103,000. Price Wealth Management Inc. acquired a new stake in Facebook during the fourth quarter worth approximately $105,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Facebook during the third quarter worth approximately $111,000. Institutional investors and hedge funds own 58.47% of the company’s stock.

Shares of FB stock traded up $2.94 on Thursday, hitting $167.77. 9,532,617 shares of the stock traded hands, compared to its average volume of 33,594,195. The company has a market capitalization of $477,930.63, a price-to-earnings ratio of 27.24, a PEG ratio of 0.89 and a beta of 0.80. Facebook has a 52 week low of $140.61 and a 52 week high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts expect that Facebook will post 7.13 earnings per share for the current year.

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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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