Facebook, Inc. (FB) Rating Reiterated by Susquehanna Bancshares Inc
Susquehanna Bancshares Inc reiterated their positive rating on shares of Facebook, Inc. (NASDAQ:FB) in a report issued on Friday morning. The firm currently has a $200.00 target price on the social networking company’s stock, up from their prior target price of $190.00.
A number of other equities research analysts have also weighed in on FB. UBS AG restated a buy rating and set a $165.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. Jefferies Group LLC reiterated a buy rating and issued a $175.00 price target on shares of Facebook in a research report on Wednesday, April 19th. Aegis boosted their price objective on Facebook from $155.00 to $160.00 and gave the company a buy rating in a research note on Monday, April 17th. Instinet reissued a buy rating and issued a $165.00 price objective on shares of Facebook in a research note on Saturday, April 22nd. Finally, Loop Capital reissued a buy rating and issued a $175.00 price objective on shares of Facebook in a research note on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and four have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $180.91.
Shares of Facebook (NASDAQ:FB) traded up 0.33% during mid-day trading on Friday, reaching $169.81. The company’s stock had a trading volume of 6,361,479 shares. Facebook has a 52-week low of $113.55 and a 52-week high of $175.49. The firm has a 50 day moving average price of $156.78 and a 200 day moving average price of $145.12. The firm has a market cap of $493.16 billion, a price-to-earnings ratio of 38.01 and a beta of 0.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the previous year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. On average, equities analysts predict that Facebook will post $5.23 EPS for the current fiscal year.
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In other Facebook news, Director Jan Koum sold 3,600,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total value of $576,216,000.00. The sale 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 dated Tuesday, May 9th. The stock was sold at an average price of $151.49, for a total transaction of $113,617.50. Following the completion of the transaction, the vice president now owns 79,080 shares in the company, valued at $11,979,829.20. The disclosure for this sale can be found here. Insiders sold a total of 10,159,966 shares of company stock worth $1,602,037,804 over the last three months. 19.08% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Ruane Cunniff & Goldfarb Inc. acquired a new position in Facebook during the fourth quarter worth about $532,000. InterOcean Capital LLC increased its position in Facebook by 97.6% in the fourth quarter. InterOcean Capital LLC now owns 3,948 shares of the social networking company’s stock worth $454,000 after buying an additional 1,950 shares in the last quarter. Vantis Investment Advisers L.P. acquired a new position in Facebook during the fourth quarter worth about $20,664,000. Parallel Advisors LLC acquired a new position in Facebook during the fourth quarter worth about $3,963,000. Finally, Integre Asset Management LLC increased its position in Facebook by 1.1% in the fourth quarter. Integre Asset Management LLC now owns 31,749 shares of the social networking company’s stock worth $3,653,000 after buying an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 57.62% of the company’s stock.
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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