Facebook (NASDAQ:FB)‘s stock had its “buy” rating reissued by stock analysts at Cowen in a research note issued on Thursday, January 4th. They presently have a $220.00 price objective on the social networking company’s stock. Cowen’s price target suggests a potential upside of 17.16% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. Pivotal Research reiterated a “sell” rating and set a $140.00 price objective on shares of Facebook in a report on Wednesday, September 6th. Mizuho reiterated a “buy” rating and set a $230.00 price objective on shares of Facebook in a report on Wednesday, September 20th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective for the company in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Tuesday, September 26th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $215.00 price objective (up from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-two have given a buy rating and four have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $202.86.
Shares of Facebook (FB) traded down $0.07 during midday trading on Thursday, reaching $187.77. 8,951,100 shares of the company were exchanged, compared to its average volume of 16,740,000. Facebook has a fifty-two week low of $124.06 and a fifty-two week high of $188.90. The company has a market capitalization of $545,620.00, a P/E ratio of 34.90, a PEG ratio of 1.06 and a beta of 0.68.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter last year, the firm earned $1.09 earnings per share. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. equities research analysts anticipate that Facebook will post 5.86 EPS for the current year.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the completion of the sale, the vice president now owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Thiel sold 160,805 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the sale, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. Insiders sold a total of 4,144,182 shares of company stock valued at $745,583,697 in the last ninety days. 17.23% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of FB. AE Wealth Management LLC increased its stake in shares of Facebook by 101.8% in the 1st quarter. AE Wealth Management LLC now owns 10,821 shares of the social networking company’s stock worth $1,537,000 after acquiring an additional 5,460 shares in the last quarter. Sphera Funds Management LTD. increased its stake in shares of Facebook by 38.5% in the 1st quarter. Sphera Funds Management LTD. now owns 18,092 shares of the social networking company’s stock worth $2,570,000 after acquiring an additional 5,030 shares in the last quarter. Investec Asset Management PTY Ltd bought a new position in shares of Facebook in the 1st quarter worth about $524,000. Segantii Capital Management Ltd bought a new position in shares of Facebook in the 1st quarter worth about $2,841,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Facebook by 60.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,868 shares of the social networking company’s stock worth $407,000 after acquiring an additional 1,083 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.
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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.
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