Facebook (NASDAQ:FB) Cut to Hold at ValuEngine

ValuEngine lowered shares of Facebook (NASDAQ:FB) from a buy rating to a hold rating in a research report released on Thursday, ValuEngine reports.

Several other research analysts also recently weighed in on FB. Bank of America set a $224.00 price target on shares of Facebook and gave the stock a buy rating in a research report on Friday, July 19th. Royal Bank of Canada restated a buy rating and set a $260.00 price objective on shares of Facebook in a research report on Thursday, July 25th. Canaccord Genuity raised their price objective on shares of Facebook from $225.00 to $240.00 and gave the company a buy rating in a research report on Thursday, July 25th. UBS Group restated a buy rating and set a $240.00 price objective on shares of Facebook in a research report on Thursday, July 25th. Finally, JMP Securities raised their price objective on shares of Facebook from $220.00 to $250.00 and gave the company an outperform rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $220.92.

FB traded down $6.88 during trading on Thursday, hitting $182.14. The company’s stock had a trading volume of 9,997,321 shares, compared to its average volume of 16,766,467. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook has a one year low of $123.02 and a one year high of $208.66. The stock has a market cap of $539.56 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.11 and a beta of 0.99. The stock has a 50 day moving average price of $195.36.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share 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 20.09%. The business 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 earned $1.74 earnings per share. The company’s quarterly revenue was up 27.6% on a year-over-year basis. Analysts expect that Facebook will post 7.96 earnings per share for the current fiscal year.

In other Facebook news, CFO David M. Wehner sold 10,748 shares of Facebook stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $184.50, for a total value of $1,983,006.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO David B. Fischer sold 5,501 shares of Facebook stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total transaction of $1,082,816.84. The disclosure for this sale can be found here. Insiders sold a total of 360,793 shares of company stock valued at $67,585,618 over the last three months. Corporate insiders own 14.53% of the company’s stock.

Several large investors have recently modified their holdings of the business. Biegel & Waller LLC grew its position in shares of Facebook by 2.2% in the 2nd quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock worth $451,000 after buying an additional 50 shares during the last quarter. Hyman Charles D boosted its holdings in shares of Facebook by 0.9% in the 2nd quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock valued at $1,131,000 after acquiring an additional 50 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Facebook by 2.5% in the 2nd quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock valued at $409,000 after acquiring an additional 51 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Facebook by 3.5% in the 2nd quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after acquiring an additional 52 shares during the last quarter. Finally, Regal Wealth Group Inc. boosted its holdings in shares of Facebook by 4.1% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock valued at $274,000 after acquiring an additional 56 shares during the last quarter. 61.88% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Facebook (NASDAQ:FB)

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