News stories about Facebook (NASDAQ:FB) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Facebook earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the social networking company an impact score of 44.4609327557048 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Researchers Would Love To Get Hands On Facebook Inc’s (FB) Massive Horde Of Data – StockNews.com (blog) (stocknews.com)
- Facebook Inc (FB) Unveils Lite Version To Help Cut Mobile Data Costs – StockNews.com (blog) (stocknews.com)
- Facebook Faces a Major Regulatory Hurdle – U.S. News & World Report (usnews.com)
- Facebook Lite App Now Available in U.S.: 10 Things to Know (investorplace.com)
- PayPal’s Peter Thiel: ‘Longing’ Bitcoin Is ‘Hedge Against World Falling Apart’ (cointelegraph.com)
A number of brokerages have weighed in on FB. BidaskClub downgraded Facebook from a “buy” rating to a “hold” rating in a report on Saturday, March 3rd. Pivotal Research reiterated a “sell” rating and issued a $152.00 target price on shares of Facebook in a report on Monday, February 12th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 target price for the company in a report on Monday, February 5th. Argus lifted their target price on Facebook from $215.00 to $237.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Mizuho lifted their target price on Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have issued a buy rating and two have assigned a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus price target of $214.70.
Facebook (NASDAQ:FB) traded up $1.23 during mid-day trading on Friday, reaching $185.09. The company’s stock had a trading volume of 24,301,566 shares, compared to its average volume of 23,676,178. Facebook has a twelve month low of $137.60 and a twelve month high of $195.32. The stock has a market capitalization of $535,680.00, a PE ratio of 30.05, a P/E/G ratio of 0.95 and a beta of 0.64.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The business had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. equities analysts predict that Facebook will post 7.28 earnings per share for the current year.
In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $179.76, for a total transaction of $134,820.00. Following the transaction, the vice president now owns 82,546 shares of the company’s stock, valued at approximately $14,838,468.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 440,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $183.99, for a total value of $80,955,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,945,155 shares of company stock worth $886,119,243 in the last ninety days. Insiders own 17.23% of the company’s stock.
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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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