Shares of Facebook Inc (NASDAQ:FB) have earned an average recommendation of “Buy” from the forty-eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $217.58.
Several analysts have issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $232.00 price target (up previously from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Barclays upped their price target on shares of Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Robert W. Baird set a $225.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Atlantic Securities set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd.
In related news, VP David B. Fischer sold 16,621 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total transaction of $3,050,119.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total transaction of $9,748,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,219,330 shares of company stock valued at $572,496,651. Company insiders own 17.23% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FB. ADAMCAPITAL Gestao de Recursos Ltda. bought a new position in shares of Facebook in the 4th quarter worth about $179,544,000. Certified Advisory Corp bought a new position in shares of Facebook in the 4th quarter worth about $458,000. Wagner Wealth Management LLC bought a new position in shares of Facebook in the 4th quarter worth about $183,000. Rehmann Capital Advisory Group lifted its position in shares of Facebook by 3.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 9,720 shares of the social networking company’s stock worth $1,715,000 after buying an additional 313 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its position in shares of Facebook by 0.3% in the 4th quarter. KCM Investment Advisors LLC now owns 297,984 shares of the social networking company’s stock worth $52,582,000 after buying an additional 859 shares during the last quarter. 57.32% of the stock is owned by institutional investors and hedge funds.
Shares of Facebook (NASDAQ:FB) traded up $4.30 during midday trading on Wednesday, hitting $183.29. 18,810,159 shares of the company’s stock traded hands, compared to its average volume of 28,270,000. Facebook has a 12 month low of $134.16 and a 12 month high of $195.32. The stock has a market capitalization of $545,250.00, a P/E ratio of 34.01, a PEG ratio of 0.93 and a beta of 0.58.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. analysts predict that Facebook will post 7.28 earnings per share for the current year.
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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.
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