Facebook (NASDAQ:FB) Stock Rating Reaffirmed by Goldman Sachs Group
Facebook (NASDAQ:FB)‘s stock had its “buy” rating reaffirmed by research analysts at Goldman Sachs Group in a note issued to investors on Friday, AnalystRatings.com reports. They currently have a $228.00 price target on the social networking company’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 11.29% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Argus upped their price target on shares of Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Credit Suisse Group reiterated a “hold” rating and issued a $32.00 price target on shares of CRH in a research note on Thursday, April 25th. Cowen upped their price target on shares of ServiceNow from $260.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Morgan Stanley dropped their price target on shares of RPC from $12.00 to $9.50 and set an “underperform” rating on the stock in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-three have assigned a buy rating to the stock. Facebook currently has a consensus rating of “Buy” and a consensus target price of $211.81.
Shares of NASDAQ FB opened at $204.87 on Friday. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08. Facebook has a 52 week low of $123.02 and a 52 week high of $218.62. The business has a fifty day moving average price of $185.39. The stock has a market capitalization of $574.41 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $179.60, for a total transaction of $134,700.00. Following the completion of the sale, the vice president now directly owns 100,872 shares of the company’s stock, valued at approximately $18,116,611.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $195.13, for a total transaction of $10,732,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 603,980 shares of company stock valued at $110,214,062. Insiders own 14.53% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cordasco Financial Network lifted its position in Facebook by 70.0% in the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock worth $33,000 after buying an additional 70 shares during the last quarter. Whitnell & Co. bought a new stake in Facebook in the fourth quarter worth $26,000. Contravisory Investment Management Inc. lifted its position in Facebook by 153.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after buying an additional 121 shares during the last quarter. Jackson Grant Investment Advisers Inc. bought a new stake in Facebook in the fourth quarter worth $31,000. Finally, Signet Investment Advisory Group Inc. bought a new stake in Facebook in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 61.73% of the company’s stock.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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