Facebook (NASDAQ:FB) had its target price increased by Jefferies Financial Group from $230.00 to $250.00 in a report published on Thursday, The Fly reports. Jefferies Financial Group currently has a buy rating on the social networking company’s stock. Jefferies Financial Group also issued estimates for Facebook’s Q3 2019 earnings at $1.84 EPS, Q4 2019 earnings at $2.29 EPS and FY2020 earnings at $9.49 EPS.
FB has been the topic of several other reports. Stifel Nicolaus raised shares of Waste Connections from a hold rating to a buy rating and raised their price objective for the stock from $88.00 to $105.00 in a research report on Thursday, April 25th. Nomura raised their price objective on shares of Visa from $175.00 to $178.00 and gave the stock a buy rating in a research report on Thursday, April 25th. ValuEngine raised shares of Vistra Energy from a hold rating to a buy rating in a research report on Wednesday, July 3rd. Guggenheim raised their price objective on shares of Twitter from $33.00 to $41.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Finally, UBS Group reissued a buy rating and set a $124.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the company. Facebook currently has an average rating of Buy and a consensus target price of $219.67.
NASDAQ:FB traded down $0.96 during midday trading on Thursday, hitting $199.75. 23,090,882 shares of the company were exchanged, compared to its average volume of 13,561,832. The stock has a fifty day moving average of $191.74. Facebook has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $584.20 billion, a P/E ratio of 26.39, a PEG ratio of 1.26 and a beta of 0.97.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 24.11%. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the firm posted $1.74 EPS. Facebook’s revenue for the quarter was up 27.6% on a year-over-year basis. On average, equities analysts anticipate that Facebook will post 8 earnings per share for the current fiscal year.
In other Facebook news, CRO David B. Fischer sold 11,572 shares of Facebook stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $180.28, for a total transaction of $2,086,200.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $175.82, for a total transaction of $9,670,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,480 shares of company stock valued at $56,660,885. 14.53% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of FB. Oregon Public Employees Retirement Fund increased its position in Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares during the last quarter. Clearbridge Investments LLC grew its stake in Facebook by 16.8% during the first quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock worth $1,464,134,000 after buying an additional 1,266,152 shares during the period. Flossbach Von Storch AG grew its stake in Facebook by 49.5% during the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after buying an additional 1,370,767 shares during the period. Sanders Capital LLC grew its stake in Facebook by 3.3% during the second quarter. Sanders Capital LLC now owns 3,888,800 shares of the social networking company’s stock worth $835,994,000 after buying an additional 122,900 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Facebook by 10.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 3,100,000 shares of the social networking company’s stock worth $406,379,000 after buying an additional 300,000 shares during the period. 61.75% of the stock is owned by institutional investors and hedge funds.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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