Facebook’s (FB) Positive Rating Reiterated at Goldman Sachs Group Inc
Other equities research analysts also recently issued research reports about the stock. Vetr upgraded shares of Facebook from a buy rating to a strong-buy rating and set a $134.79 target price for the company in a research report on Wednesday, November 30th. Deutsche Bank AG increased their target price on shares of Facebook to $155.00 in a research report on Thursday, February 2nd. Atlantic Securities set a $165.00 target price on shares of Facebook and gave the stock a buy rating in a research report on Thursday, February 2nd. Aegis initiated coverage on shares of Facebook in a research report on Tuesday, February 28th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $170.00 target price on shares of Facebook in a research report on Monday, March 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have assigned a buy rating and four have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $154.31.
Shares of Facebook (NASDAQ:FB) opened at 139.84 on Tuesday. Facebook has a 12 month low of $106.31 and a 12 month high of $140.34. The stock has a market capitalization of $404.13 billion, a PE ratio of 40.03 and a beta of 0.68. The company’s 50-day moving average is $135.30 and its 200-day moving average is $127.29.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, February 1st. The social networking company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The business earned $8.81 billion during the quarter, compared to the consensus estimate of $8.47 billion. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The firm’s quarterly revenue was up 50.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. Equities research analysts expect that Facebook will post $5.42 earnings per share for the current fiscal year.
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In other news, Director Jan Koum sold 2,123,302 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $140.02, for a total value of $297,304,746.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $119.30, for a total transaction of $89,475.00. Following the completion of the transaction, the vice president now owns 89,959 shares of the company’s stock, valued at approximately $10,732,108.70. The disclosure for this sale can be found here. Insiders sold 4,644,613 shares of company stock valued at $620,647,231 in the last quarter. Corporate insiders own 19.08% of the company’s stock.
Several hedge funds have recently made changes to their positions in FB. Nwam LLC raised its stake in shares of Facebook by 31.6% in the third quarter. Nwam LLC now owns 18,678 shares of the social networking company’s stock worth $2,396,000 after buying an additional 4,481 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Facebook by 1.4% in the third quarter. First Quadrant L P CA now owns 241,642 shares of the social networking company’s stock worth $30,995,000 after buying an additional 3,430 shares in the last quarter. Northeast Investment Management raised its stake in shares of Facebook by 5.6% in the third quarter. Northeast Investment Management now owns 198,581 shares of the social networking company’s stock worth $25,472,000 after buying an additional 10,608 shares in the last quarter. Dorsey Wright & Associates raised its stake in shares of Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock worth $6,162,000 after buying an additional 2,275 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its stake in shares of Facebook by 68.9% in the third quarter. Aviance Capital Partners LLC now owns 35,214 shares of the social networking company’s stock worth $4,517,000 after buying an additional 14,369 shares in the last quarter. 57.00% of the stock is currently owned by institutional investors and hedge funds.
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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