Facebook, Inc. (NASDAQ:FB) – Research analysts at Jefferies Financial Group raised their FY2018 earnings per share (EPS) estimates for shares of Facebook in a note issued to investors on Wednesday, October 31st. Jefferies Financial Group analyst B. Thill now expects that the social networking company will earn $7.27 per share for the year, up from their previous forecast of $6.92. Jefferies Financial Group has a “Buy” rating and a $200.00 price target on the stock. Jefferies Financial Group also issued estimates for Facebook’s Q4 2018 earnings at $2.09 EPS.
Several other equities research analysts also recently weighed in on FB. BTIG Research increased their price objective on Facebook from $175.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 5th. Societe Generale reissued a “sell” rating and issued a $150.00 price objective on shares of Facebook in a report on Friday, July 6th. ValuEngine raised Facebook from a “hold” rating to a “buy” rating in a report on Friday, July 6th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $242.00 price objective on shares of Facebook in a report on Monday, July 9th. Finally, Morgan Stanley increased their price objective on Facebook from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $195.56.
FB stock opened at $151.87 on Friday. The company has a market capitalization of $424.77 billion, a PE ratio of 24.65, a PEG ratio of 0.93 and a beta of 0.42. Facebook has a twelve month low of $139.03 and a twelve month high of $218.62.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.30. The company had revenue of $13.73 billion for the quarter, compared to analyst estimates of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 28.18%. The firm’s revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 earnings per share.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $184.98, for a total value of $138,735.00. Following the completion of the transaction, the vice president now owns 86,365 shares in the company, valued at $15,975,797.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 218,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $183.07, for a total value of $39,909,260.00. The disclosure for this sale can be found here. Insiders sold 3,416,282 shares of company stock valued at $603,782,983 in the last quarter. 17.23% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Ashfield Capital Partners LLC increased its position in shares of Facebook by 2.7% in the third quarter. Ashfield Capital Partners LLC now owns 56,205 shares of the social networking company’s stock valued at $9,243,000 after buying an additional 1,460 shares in the last quarter. WealthTrust Fairport LLC increased its position in shares of Facebook by 5.1% in the third quarter. WealthTrust Fairport LLC now owns 27,123 shares of the social networking company’s stock valued at $4,461,000 after buying an additional 1,322 shares in the last quarter. Greencape Capital Pty Ltd increased its position in shares of Facebook by 10.8% in the third quarter. Greencape Capital Pty Ltd now owns 153,329 shares of the social networking company’s stock valued at $25,216,000 after buying an additional 14,980 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Facebook by 14.5% in the third quarter. TD Asset Management Inc. now owns 2,042,089 shares of the social networking company’s stock valued at $335,842,000 after buying an additional 258,600 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its position in shares of Facebook by 7.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 48,421 shares of the social networking company’s stock valued at $7,963,000 after buying an additional 3,558 shares in the last quarter. Institutional investors and hedge funds own 60.30% of the company’s stock.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
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