Morningstar set a $163.00 price objective on Facebook (NASDAQ:FB) in a research report released on Friday morning. The brokerage currently has a neutral rating on the social networking company’s stock.
A number of other research analysts have also weighed in on FB. Citigroup reissued a buy rating and issued a $200.00 price objective on shares of Facebook in a report on Wednesday, September 27th. BidaskClub raised Facebook from a buy rating to a strong-buy rating in a report on Wednesday, January 10th. UBS Group set a $215.00 target price on Facebook and gave the stock a buy rating in a report on Thursday, January 11th. Cowen reaffirmed an average rating and set a $200.00 target price (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $190.00 target price on shares of Facebook in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. Facebook presently has an average rating of Buy and an average price target of $202.86.
Shares of Facebook (NASDAQ FB) traded up $2.99 during mid-day trading on Friday, hitting $184.28. The stock had a trading volume of 10,987,531 shares, compared to its average volume of 23,449,615. The firm has a market capitalization of $534,610.00, a price-to-earnings ratio of 34.25, a PEG ratio of 1.03 and a beta of 0.68. Facebook has a fifty-two week low of $126.78 and a fifty-two week high of $188.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. research analysts predict that Facebook will post 5.86 earnings per share for the current year.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the transaction, the vice president now owns 89,916 shares in the company, valued at $15,504,215.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the transaction, the insider now owns 381,521 shares in the company, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,165,449 shares of company stock worth $749,789,762. Company insiders own 17.23% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FB. Country Trust Bank raised its position in Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after purchasing an additional 479 shares during the period. D. Scott Neal Inc. raised its position in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook in the third quarter valued at $111,000. Mountain Capital Investment Advisors Inc purchased a new stake in Facebook in the second quarter valued at $138,000. Finally, Vigilant Capital Management LLC raised its position in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 57.76% of the company’s stock.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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