Brokerages Set Facebook Inc (FB) Price Target at $202.06
Shares of Facebook Inc (NASDAQ:FB) have earned a consensus rating of “Buy” from the forty-nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $202.06.
A number of research analysts have recently commented on FB shares. SunTrust Banks started coverage on shares of Facebook in a research report on Tuesday, August 15th. They set a “buy” rating and a $210.00 price objective for the company. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 price objective for the company in a research report on Monday, August 21st. Robert W. Baird reaffirmed a “buy” rating and set a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Pivotal Research reaffirmed a “sell” rating and set a $140.00 price objective on shares of Facebook in a research report on Wednesday, September 6th. Finally, Mizuho reaffirmed a “buy” rating and set a $230.00 price objective on shares of Facebook in a research report on Wednesday, September 20th.
Facebook (FB) traded up $0.04 during trading on Friday, reaching $179.04. 13,160,555 shares of the company’s stock were exchanged, compared to its average volume of 16,957,260. The firm has a market cap of $520,500.00, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69. Facebook has a 52-week low of $114.77 and a 52-week high of $184.25.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the business 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, CEO Mark Zuckerberg sold 247,452 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $171.75, for a total transaction of $42,499,881.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $173.58, for a total transaction of $130,185.00. Following the transaction, the vice president now owns 94,091 shares in the company, valued at $16,332,315.78. The disclosure for this sale can be found here. Insiders have sold 4,932,625 shares of company stock worth $879,469,497 over the last ninety days. Insiders own 17.23% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook in the third quarter valued at approximately $111,000. D. Scott Neal Inc. lifted its holdings 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 buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the period. Stelac Advisory Services LLC acquired a new stake in Facebook in the third quarter worth $152,000. Finally, Pacific Center for Financial Services raised its holdings in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares during the period. Institutional investors own 57.86% of the company’s stock.
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Facebook Company Profile
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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