Facebook, Inc. (FB) Stock Rating Reaffirmed by Cantor Fitzgerald
Cantor Fitzgerald restated their buy rating on shares of Facebook, Inc. (NASDAQ:FB) in a research report sent to investors on Tuesday. They currently have a $190.00 price objective on the social networking company’s stock.
“Strong 3Q17 results expected. Our 3Q17 revenue and EBITDA estimates are $9,917.1M (+41.5% Y/Y) and $6,413.6M (61.5% margin) vs. consensus (FactSet) of $9,845.3M and $6,172.4M, respectively. The consensus range for revenue is $9,521.5-10,178.0M, and the range for EBITDA is $5,918.0-6,479.0M. Our model assumes MAU growth of 16.8% Y/Y to 2.089B and DAU/MAU (engagement) of 0.663. Our GAAP EPS estimate is $1.32 vs. consensus’ $1.27 (range $1.15-1.44).”,” the firm’s analyst commented.
A number of other equities analysts have also recently issued reports on the company. Wedbush set a $225.00 price objective on Facebook and gave the stock a buy rating in a report on Monday, October 30th. Monness Crespi & Hardt upgraded Facebook from a neutral rating to a buy rating and set a $210.00 price objective for the company in a report on Friday, October 27th. BidaskClub cut Facebook from a strong-buy rating to a buy rating in a report on Monday, October 23rd. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on Facebook and gave the stock a buy rating in a report on Friday, October 20th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $195.00 price objective on shares of Facebook in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $196.80.
Facebook (NASDAQ FB) opened at $178.92 on Tuesday. The stock has a market capitalization of $519.62 billion, a P/E ratio of 34.47, a PEG 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. sell-side analysts anticipate that Facebook will post 5.45 earnings per share for the current fiscal year.
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In other Facebook news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total value of $123,157.50. Following the transaction, the vice president now owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,306,683 shares of company stock valued at $1,441,300,245. 19.08% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in FB. Hartford Financial Management Inc. boosted its holdings in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after purchasing an additional 16 shares during the period. Regal Investment Advisors LLC boosted its holdings in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares during the period. Halbert Hargrove Russell LLC boosted its holdings in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after purchasing an additional 19 shares during the period. Enterprise Financial Services Corp boosted its holdings in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after purchasing an additional 21 shares during the period. Finally, Wagner Bowman Management Corp boosted its holdings in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after purchasing an additional 25 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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