Facebook, Inc. (FB) PT Raised to $215.00 at Barclays PLC
Facebook, Inc. (NASDAQ:FB) had its price target lifted by Barclays PLC from $200.00 to $215.00 in a research note released on Thursday. Barclays PLC currently has an overweight rating on the social networking company’s stock.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada raised their price objective on Facebook from $195.00 to $230.00 and gave the stock an outperform rating in a research note on Thursday. Aegis raised their price objective on Facebook from $200.00 to $215.00 and gave the stock a buy rating in a research note on Wednesday, November 1st. Cantor Fitzgerald reissued a buy rating and set a $190.00 price objective on shares of Facebook in a research note on Tuesday, October 31st. Wedbush set a $225.00 price objective on Facebook and gave the stock a buy rating in a research note on Monday, October 30th. Finally, Monness Crespi & Hardt raised Facebook from a neutral rating to a buy rating and set a $210.00 price objective for the company in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook presently has an average rating of Buy and a consensus target price of $196.91.
Facebook (NASDAQ FB) opened at $178.92 on Thursday. Facebook has a 1 year low of $113.55 and a 1 year high of $182.90. The stock has a market capitalization of $519,618.75, a price-to-earnings ratio of 34.47, a PEG ratio of 1.20 and a beta of 0.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings results 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. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts expect that Facebook will post 5.75 EPS for the current year.
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In related news, insider Michael Todd Schroepfer sold 37,963 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $171.98, for a total value of $6,528,876.74. Following the completion of the sale, the insider now owns 882,427 shares in the company, valued at approximately $151,759,795.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction 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 owns 82,406 shares of the company’s stock, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. Insiders have sold a total of 8,290,683 shares of company stock valued at $1,438,581,045 in the last quarter. Corporate insiders own 19.08% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. boosted its stake in Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. State Street Corp boosted its stake in Facebook by 1.7% in the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the period. Capital World Investors boosted its stake in Facebook by 1.5% in the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares during the period. Finally, Northern Trust Corp boosted its stake in Facebook by 0.4% in the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares during the period. Institutional investors and hedge funds 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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