Facebook (NASDAQ:FB) received a $242.00 price objective from research analysts at UBS Group in a report released on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the social networking company’s stock. UBS Group’s target price indicates a potential downside of 4.60% from the company’s current price.
FB has been the subject of a number of other reports. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective (up from $250.00) on shares of Facebook in a research report on Monday, July 27th. Cfra cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $300.00 target price (up previously from $290.00) on shares of Facebook in a research report on Friday. Deutsche Bank boosted their target price on shares of Facebook from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Robert W. Baird boosted their target price on shares of Facebook from $240.00 to $300.00 in a research report on Thursday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $273.37.
FB stock opened at $253.67 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The company has a fifty day moving average price of $235.27 and a two-hundred day moving average price of $207.59. Facebook has a one year low of $137.10 and a one year high of $255.85. The stock has a market cap of $722.73 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The firm had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Research analysts anticipate that Facebook will post 7.4 EPS for the current fiscal year.
In other news, CRO David B. Fischer sold 22,000 shares of Facebook stock in a transaction on Friday, May 15th. The shares were sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the transaction, the executive now owns 57,503 shares in the company, valued at $11,804,790.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $234.76, for a total transaction of $45,543.44. Following the transaction, the vice president now owns 1,918 shares in the company, valued at approximately $450,269.68. The disclosure for this sale can be found here. Insiders have sold 68,591 shares of company stock valued at $14,894,825 in the last ninety days. Insiders own 14.14% of the company’s stock.
Several large investors have recently modified their holdings of the company. Watson Rebecca bought a new position in Facebook during the second quarter worth $25,000. JJJ Advisors Inc. raised its stake in Facebook by 262.5% during the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after buying an additional 105 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in Facebook during the first quarter worth $41,000. Elmwood Wealth Management Inc. bought a new position in Facebook during the first quarter worth $46,000. Finally, NuWave Investment Management LLC raised its stake in Facebook by 1,019.2% during the first quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock worth $49,000 after buying an additional 265 shares during the last quarter. Institutional investors own 65.12% of the company’s stock.
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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