Facebook (NASDAQ:FB) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, December 19th. The firm presently has a $202.09 price target on the social networking company’s stock. Vetr‘s price objective would suggest a potential upside of 12.67% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the company. Cowen reaffirmed an “average” rating and issued a $200.00 target price (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $185.00 target price on shares of Facebook in a report on Friday, September 1st. Wells Fargo & Co set a $215.00 price target on Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 price target on shares of Facebook in a research report on Thursday, October 5th. Finally, KeyCorp reiterated a “buy” rating and issued a $200.00 price target on shares of Facebook in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $203.72.
Facebook (NASDAQ FB) opened at $179.37 on Tuesday. The stock has a market capitalization of $521,210.00, a price-to-earnings ratio of 33.34, a PEG ratio of 1.07 and a beta of 0.68. Facebook has a 52 week low of $126.78 and a 52 week high of $188.90.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. analysts forecast that Facebook will post 5.86 EPS for the current year.
In related news, VP Colin Stretch sold 750 shares of Facebook 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 sale, the vice president now directly owns 89,916 shares in the company, valued at approximately $15,504,215.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction on 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. Insiders sold a total of 4,182,199 shares of company stock worth $752,724,430 over the last 90 days. Company insiders own 17.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Country Trust Bank boosted its holdings in shares of 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. D. Scott Neal Inc. boosted its holdings in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook in the third quarter valued at about $111,000. Farmers & Merchants Investments Inc. boosted its holdings in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook in the second quarter valued at about $138,000. Institutional investors own 57.73% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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