Facebook (FB) Upgraded by Vetr to “Strong-Buy”
Vetr upgraded shares of Facebook (NASDAQ:FB) from a buy rating to a strong-buy rating in a research note published on Wednesday morning. Vetr currently has $198.52 price objective on the social networking company’s stock.
FB has been the topic of several other research reports. Credit Suisse Group reissued a buy rating on shares of Facebook in a report on Wednesday, October 11th. UBS set a $208.00 target price on Facebook and gave the company a buy rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the company a buy rating in a report on Monday, October 30th. Deutsche Bank reissued a buy rating on shares of Facebook in a report on Thursday, November 2nd. Finally, Robert W. Baird reissued a buy rating and issued a $185.00 target price on shares of Facebook in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $200.75.
Shares of Facebook (FB) traded up $0.09 during midday trading on Wednesday, hitting $178.39. The stock had a trading volume of 13,508,714 shares, compared to its average volume of 16,947,117. The firm has a market capitalization of $514,211.81, a PE ratio of 34.10, a P/E/G ratio of 1.13 and a beta of 0.69. Facebook has a twelve month low of $114.77 and a twelve month high of $184.25.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. equities research analysts predict that Facebook will post 5.86 earnings per share for the current year.
In related news, Director Peter Thiel sold 160,805 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at $1,129,037.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 117,829 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $180.34, for a total transaction of $21,249,281.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,027,649 shares of company stock worth $896,849,901. Corporate insiders own 17.23% of the company’s stock.
A number of large investors have recently made changes to their positions in FB. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook during the 3rd quarter worth approximately $111,000. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after purchasing an additional 34 shares in the last quarter. Pacific Center for Financial Services increased its stake in shares of Facebook by 10.7% during the 1st 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 in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook during the 2nd quarter worth approximately $138,000. Hedge funds and other institutional investors own 57.86% 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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