William Blair Brokers Lower Earnings Estimates for Facebook, Inc. (FB)

Facebook, Inc. (NASDAQ:FB) – William Blair decreased their Q4 2018 earnings per share estimates for shares of Facebook in a report released on Tuesday, October 30th. William Blair analyst R. Schackart now expects that the social networking company will post earnings per share of $2.05 for the quarter, down from their previous estimate of $2.26.

Other equities research analysts also recently issued reports about the stock. Nomura began coverage on shares of Facebook in a report on Tuesday, July 10th. They issued a “buy” rating and a $228.00 price target on the stock. Piper Jaffray Companies increased their price target on shares of Facebook to $250.00 and gave the stock an “in-line” rating in a report on Friday, July 20th. UBS Group downgraded shares of Facebook from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $212.00 to $180.00 in a report on Thursday, July 26th. Raymond James downgraded shares of Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 price target on the stock. in a report on Thursday, July 26th. Finally, Cowen lowered their price target on shares of Facebook from $235.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, July 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $195.56.

NASDAQ FB opened at $151.75 on Thursday. Facebook has a 52 week low of $139.03 and a 52 week high of $218.62. The stock has a market cap of $424.77 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 0.93 and a beta of 0.42.

Facebook (NASDAQ:FB) last released its quarterly earnings data 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 business had revenue of $13.73 billion for the quarter, compared to the consensus estimate of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 28.18%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marble Arch Investments LP grew its holdings in shares of Facebook by 40.8% in the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock worth $72,209,000 after purchasing an additional 130,900 shares during the last quarter. Knott David M bought a new position in shares of Facebook in the first quarter worth approximately $3,196,000. Immersion Capital LLP bought a new position in shares of Facebook in the first quarter worth approximately $65,194,000. Natixis grew its holdings in shares of Facebook by 420.1% in the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock worth $126,232,000 after purchasing an additional 638,106 shares during the last quarter. Finally, City Financial Investment Co Ltd bought a new position in shares of Facebook in the first quarter worth approximately $15,979,000. Institutional investors and hedge funds own 60.30% of the company’s stock.

In other Facebook news, VP David B. Fischer sold 2,648 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $148.39, for a total transaction of $392,936.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $184.98, for a total transaction of $138,735.00. Following the transaction, the vice president now owns 86,365 shares in the company, valued at $15,975,797.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,416,282 shares of company stock worth $603,782,983. 17.23% of the stock is owned by company insiders.

Facebook Company Profile

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Earnings History and Estimates for Facebook (NASDAQ:FB)

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