Facebook, Inc. (FB) Given New $225.00 Price Target at Jefferies Group LLC
Facebook, Inc. (NASDAQ:FB) had its price target upped by Jefferies Group LLC to $225.00 in a research note published on Thursday morning. The brokerage currently has a buy rating on the social networking company’s stock.
A number of other equities research analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on shares of Facebook and gave the company a buy rating in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. upped their price objective on shares of Facebook from $170.00 to $195.00 and gave the company an outperform rating in a research note on Thursday, July 27th. JMP Securities reaffirmed an outperform rating and issued a $195.00 price objective (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Vetr raised shares of Facebook from a hold rating to a buy rating and set a $174.15 price objective on the stock in a research note on Monday, August 28th. Finally, BidaskClub raised shares of Facebook from a buy rating to a strong-buy rating in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $196.91.
Facebook (NASDAQ FB) traded down $3.74 during trading hours on Thursday, hitting $178.92. 17,572,587 shares of the stock were exchanged, compared to its average volume of 17,315,178. Facebook has a 12 month low of $113.55 and a 12 month high of $182.90. The company has a market cap of $519,618.75, a price-to-earnings ratio of 34.47, a P/E/G ratio of 1.28 and a beta of 0.67.
Facebook (NASDAQ:FB) last posted 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. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 47.3% on a year-over-year basis. analysts expect that Facebook will post 5.75 earnings per share for the current fiscal year.
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In other news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total transaction of $468,234,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $171.88, for a total transaction of $128,910.00. Following the completion of the transaction, the vice president now owns 82,406 shares in the company, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,306,683 shares of company stock worth $1,441,300,245. Company insiders own 19.08% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI boosted its stake in Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Facebook by 1,358.0% in 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 bought a new position in Facebook in the 3rd quarter worth about $111,000. Farmers & Merchants Investments Inc. boosted its stake in Facebook by 4.4% in 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. Finally, Pacific Center for Financial Services boosted its stake in Facebook by 10.7% in 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. Institutional investors own 57.27% of the company’s stock.
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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