Somewhat Negative News Coverage Somewhat Unlikely to Impact Facebook (FB) Share Price
Media headlines about Facebook (NASDAQ:FB) have been trending somewhat negative on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Facebook earned a coverage optimism score of -0.04 on Accern’s scale. Accern also assigned media coverage about the social networking company an impact score of 43.4772240542874 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Facebook’s Oculus to partner with Xiaomi to build VR headsets (investing.com)
- Noteworthy Wednesday Option Activity: FB, PLCE, HOG (nasdaq.com)
- Facebook’s Privacy Initiatives and Audience Growth (finance.yahoo.com)
- Chileno Bay Resort & Residences Designated As Grand Award Winner In 2018 Andrew Harper’s Hideaway Report (prweb.com)
- Facebook, Inc. Still Pledging to Become a Better Social Destination (investorplace.com)
Shares of Facebook (NASDAQ:FB) traded down $0.03 on Wednesday, hitting $187.84. The stock had a trading volume of 10,520,000 shares, compared to its average volume of 16,800,000. Facebook has a 52 week low of $124.06 and a 52 week high of $188.90. The company has a market capitalization of $545,830.00, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.
FB has been the topic of several research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research note on Wednesday, September 20th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective on the stock in a research note on Monday, September 25th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Tuesday, September 26th. Wells Fargo & Co reissued an “outperform” rating and set a $215.00 price target (up from $185.00) on shares of Facebook in a research note on Wednesday, September 27th. Finally, Cowen reissued an “average” rating and set a $200.00 price target (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $202.56.
In other Facebook news, CEO Mark Zuckerberg sold 246,237 shares of Facebook stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $172.60, for a total value of $42,500,506.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,390,419 shares of company stock valued at $788,084,203. 17.23% of the stock is currently owned by corporate insiders.
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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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