Facebook (FB) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Facebook (NASDAQ:FB) from a sell rating to a hold rating in a research report released on Friday morning.

A number of other equities research analysts have also recently weighed in on the stock. Argus cut their price objective on shares of Facebook from $210.00 to $206.00 and set a buy rating on the stock in a report on Thursday. Morgan Stanley cut their price objective on shares of Facebook from $175.00 to $170.00 and set an overweight rating on the stock in a report on Wednesday, October 31st. Raymond James cut their price objective on shares of Facebook from $210.00 to $180.00 and set an outperform rating on the stock in a report on Wednesday, October 31st. Rosenblatt Securities set a $206.00 price objective on shares of Facebook and gave the stock a buy rating in a report on Wednesday, October 31st. Finally, BMO Capital Markets cut their price objective on shares of Facebook from $190.00 to $175.00 and set a market perform rating on the stock in a report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Facebook has an average rating of Buy and a consensus target price of $194.54.

Shares of NASDAQ:FB opened at $150.35 on Friday. Facebook has a 12 month low of $139.03 and a 12 month high of $218.62. The stock has a market cap of $436.77 billion, a PE ratio of 24.41, a PEG ratio of 0.92 and a beta of 0.55.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The company had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. Facebook’s quarterly revenue was up 32.9% on a year-over-year basis. On average, sell-side analysts predict that Facebook will post 7.3 EPS for the current year.

In other news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $180.72, for a total value of $9,939,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $138,735.00. Following the completion of the sale, the vice president now directly owns 86,365 shares of the company’s stock, valued at $15,975,797.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,198,282 shares of company stock valued at $563,873,723. Corporate insiders own 16.25% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FB. Commerce Bank lifted its holdings in shares of Facebook by 1.4% in the 1st quarter. Commerce Bank now owns 379,115 shares of the social networking company’s stock worth $60,579,000 after acquiring an additional 5,299 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Facebook by 6.5% in the 1st quarter. Virginia Retirement Systems ET AL now owns 888,300 shares of the social networking company’s stock worth $141,941,000 after acquiring an additional 54,500 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its holdings in shares of Facebook by 11.4% in the 1st quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 117,000 shares of the social networking company’s stock worth $18,695,000 after acquiring an additional 12,000 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its holdings in shares of Facebook by 1.3% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 263,373 shares of the social networking company’s stock worth $42,085,000 after acquiring an additional 3,290 shares during the last quarter. Finally, DDD Partners LLC lifted its holdings in shares of Facebook by 11.5% in the 1st quarter. DDD Partners LLC now owns 30,728 shares of the social networking company’s stock worth $4,910,000 after acquiring an additional 3,177 shares during the last quarter. 60.25% of the stock is owned by institutional investors.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Facebook (NASDAQ:FB)

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