Somewhat Negative News Coverage Somewhat Unlikely to Impact Facebook (NASDAQ:FB) Stock Price

Media headlines about Facebook (NASDAQ:FB) have been trending somewhat negative on Friday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Facebook earned a daily sentiment score of -0.04 on Accern’s scale. Accern also gave media stories about the social networking company an impact score of 43.4772240542874 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern’s rankings:

A number of equities research analysts have weighed in on FB shares. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Morgan Stanley set a $200.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Needham & Company LLC boosted their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 price objective for the company in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $210.79.

Facebook (FB) opened at $193.09 on Friday. Facebook has a 1-year low of $130.30 and a 1-year high of $195.32. The company has a market cap of $543,066.50 and a PE ratio of 30.39.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 39.16% and a return on equity of 27.25%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts predict that Facebook will post 6.61 earnings per share for the current year.

In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total transaction of $128,700.00. Following the transaction, the vice president now directly owns 84,246 shares of the company’s stock, valued at $14,456,613.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David B. Fischer sold 5,587 shares of Facebook stock in a transaction that occurred on 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. Over the last ninety days, insiders have sold 1,564,837 shares of company stock worth $281,533,757. Corporate insiders own 17.23% 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.

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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