Facebook, Inc. (NASDAQ:FB) Rating Reiterated by Robert W. Baird
Robert W. Baird reissued their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a research report released on Thursday. The firm currently has a $185.00 price objective on the social networking company’s stock, up from their prior price objective of $163.00.
Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada restated an outperform rating and issued a $185.00 price target on shares of Facebook in a research report on Saturday, June 3rd. Barclays PLC restated an overweight rating and issued a $168.00 price target (up previously from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Aegis restated a buy rating on shares of Facebook in a research report on Sunday, April 2nd. Vetr upgraded shares of Facebook from a hold rating to a buy rating and set a $159.91 price target on the stock in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC restated a buy rating and issued a $192.00 price target (up previously from $175.00) on shares of Facebook in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and four have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $180.91.
Shares of Facebook (NASDAQ:FB) traded down 1.86% during trading on Thursday, reaching $169.25. 25,195,570 shares of the company traded hands. The company has a 50 day moving average price of $156.22 and a 200 day moving average price of $144.53. The firm has a market capitalization of $491.54 billion, a price-to-earnings ratio of 37.88 and a beta of 0.67. Facebook has a 12-month low of $113.55 and a 12-month high of $175.49.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter 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 year.
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In other Facebook news, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $144.67, for a total transaction of $30,236.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan Koum sold 3,600,000 shares of the business’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 disclosure for this sale can be found here. Insiders sold a total of 10,160,716 shares of company stock valued at $1,602,152,681 over the last quarter. 19.08% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI increased its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares in the last quarter. D. Scott Neal Inc. increased its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares in the last quarter. Cohen Capital Management Inc. purchased a new stake in Facebook during the first quarter worth about $121,000. Farmers & Merchants Investments Inc. increased its stake in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares in the last quarter. Finally, Cable Hill Partners LLC increased its stake in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 57.62% 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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