BidaskClub Lowers Facebook (FB) to Buy

BidaskClub lowered shares of Facebook (NASDAQ:FB) from a strong-buy rating to a buy rating in a research report released on Friday.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reissued a buy rating on shares of Facebook in a report on Monday, January 15th. SunTrust Banks raised their price objective on shares of Facebook to $240.00 and gave the stock a buy rating in a report on Friday, January 12th. Stifel Nicolaus cut shares of Facebook from a buy rating to a hold rating in a report on Friday, January 12th. Morgan Stanley set a $215.00 target price on shares of Facebook and gave the company a buy rating in a report on Friday, January 12th. Finally, Vetr cut shares of Facebook from a strong-buy rating to a buy rating and set a $210.22 target price on the stock. in a report on Thursday, January 11th. 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 two have given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $202.86.

Facebook (NASDAQ FB) traded up $1.55 during mid-day trading on Friday, reaching $182.84. 3,430,000 shares of the company’s stock were exchanged, compared to its average volume of 18,570,000. Facebook has a 12 month low of $126.78 and a 12 month high of $188.90. The firm has a market capitalization of $531,300.00, a PE ratio of 33.99, a P/E/G ratio of 1.03 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its quarterly earnings data 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 company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. sell-side analysts predict that Facebook will post 5.86 EPS for the current fiscal year.

In other Facebook news, VP David B. Fischer sold 4,699 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total transaction of $806,019.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was 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 in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 4,165,449 shares of company stock worth $749,789,762 over the last 90 days. Insiders own 17.23% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FB. Country Trust Bank raised its stake in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after purchasing an additional 479 shares during the last quarter. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook in the 3rd quarter valued at about $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook in the 2nd quarter valued at about $138,000. Finally, Vigilant Capital Management LLC raised its stake in Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 57.76% 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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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