Facebook (FB) PT Lowered to $186.00

Facebook (NASDAQ:FB) had its target price cut by Stifel Nicolaus from $202.00 to $186.00 in a report published on Wednesday morning, The Fly reports. They currently have a buy rating on the social networking company’s stock.

A number of other research analysts have also weighed in on FB. Zacks Investment Research lowered Facebook from a strong-buy rating to a hold rating in a report on Wednesday, July 11th. ValuEngine raised Facebook from a hold rating to a buy rating in a report on Friday, July 6th. BidaskClub raised Facebook from a hold rating to a buy rating in a report on Tuesday, July 17th. Wedbush reissued an outperform rating and set a $275.00 target price on shares of Facebook in a report on Friday, July 20th. Finally, Macquarie reissued a buy rating and set a $190.00 target price on shares of Facebook in a report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $194.54.

Shares of FB stock traded down $1.40 during trading on Wednesday, reaching $150.35. 24,478,922 shares of the company’s stock were exchanged, compared to its average volume of 26,844,908. The firm has a market capitalization of $440.95 billion, a PE ratio of 20.54, a PEG ratio of 0.95 and a beta of 0.55. Facebook has a twelve month low of $139.03 and a twelve month high of $218.62.

Facebook (NASDAQ:FB) last posted its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The business had revenue of $13.73 billion for the quarter, compared to analyst estimates of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. As a group, research analysts predict that Facebook will post 7.3 EPS for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 602,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $176.67, for a total transaction of $106,355,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 2,648 shares of the company’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $148.39, for a total value of $392,936.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,416,282 shares of company stock valued at $603,782,983. Corporate insiders own 17.23% of the company’s stock.

Several hedge funds have recently made changes to their positions in FB. Cribstone Capital Management LLC lifted its position in shares of Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after buying an additional 406 shares during the last quarter. IMA Wealth Inc. bought a new stake in shares of Facebook during the 2nd quarter worth $122,000. Trust Department MB Financial Bank N A bought a new stake in shares of Facebook during the 2nd quarter worth $134,000. Aviance Capital Management LLC bought a new stake in shares of Facebook during the 2nd quarter worth $151,000. Finally, Arlington Partners LLC bought a new stake in shares of Facebook during the 3rd quarter worth $164,000. Institutional investors and hedge funds own 60.30% of the company’s stock.

About Facebook

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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