Facebook, Inc. (FB) PT Raised to $215.00 at Aegis
Facebook, Inc. (NASDAQ:FB) had its price target increased by stock analysts at Aegis from $200.00 to $215.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the social networking company’s stock. Aegis’ price target would suggest a potential upside of 20.17% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Cowen and Company reiterated an “average” rating and issued a $200.00 target price (up previously from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Deutsche Bank AG upped their target price on shares of Facebook from $185.00 to $189.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price (up previously from $165.00) on shares of Facebook in a research note on Wednesday, July 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $185.00 target price on shares of Facebook in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $196.04.
Shares of Facebook (FB) traded down $1.14 on Wednesday, reaching $178.92. 35,119,841 shares of the company’s stock were exchanged, compared to its average volume of 17,315,178. The firm has a market cap of $519.62 billion, a PE ratio of 34.47, a PEG ratio of 1.28 and a beta of 0.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ 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 net margin of 41.69% and a return on equity of 23.64%. The business’s revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. sell-side analysts forecast that Facebook will post 5.45 EPS for the current year.
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In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $171.88, for a total transaction of $128,910.00. Following the completion of the sale, the vice president now directly owns 82,406 shares in the company, valued at approximately $14,163,943.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 254,525 shares of Facebook stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $166.97, for a total transaction of $42,498,039.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,306,683 shares of company stock valued at $1,441,300,245. Company insiders own 19.08% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FB. Verus Financial Partners Inc. purchased a new stake in Facebook in the 3rd quarter worth $224,000. HL Financial Services LLC increased its holdings in Facebook by 23.2% in the 3rd quarter. HL Financial Services LLC now owns 92,534 shares of the social networking company’s stock worth $15,811,000 after acquiring an additional 17,418 shares in the last quarter. Suffolk Capital Management LLC increased its holdings in Facebook by 8.3% in the 3rd quarter. Suffolk Capital Management LLC now owns 143,943 shares of the social networking company’s stock worth $24,596,000 after acquiring an additional 11,012 shares in the last quarter. Global X MANAGEMENT CO LLC increased its holdings in Facebook by 12.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 117,190 shares of the social networking company’s stock worth $20,024,000 after acquiring an additional 12,790 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in Facebook by 7.6% in the 3rd quarter. Essex Financial Services Inc. now owns 25,556 shares of the social networking company’s stock worth $4,367,000 after acquiring an additional 1,811 shares in the last quarter. Hedge funds and other 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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