Facebook, Inc. (FB) Receives Sell Rating from Pivotal Research

Facebook, Inc. (NASDAQ:FB)‘s stock had its “sell” rating reissued by Pivotal Research in a report released on Wednesday, September 6th. They currently have a $140.00 price target on the social networking company’s stock. Pivotal Research’s target price suggests a potential downside of 18.41% from the company’s previous close.

FB has been the topic of several other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Facebook in a research report on Saturday, June 3rd. Barclays PLC reissued an “overweight” rating and set a $168.00 target price (up from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $159.91 target price on the stock in a research report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $192.00 target price (up from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Atlantic Securities set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $183.74.

Facebook (NASDAQ:FB) traded up 0.40% on Wednesday, reaching $171.64. The company had a trading volume of 15,660,539 shares. The company’s 50-day moving average is $170.10 and its 200-day moving average is $153.80. The company has a market capitalization of $498.48 billion, a PE ratio of 38.42 and a beta of 0.76. Facebook has a 52-week low of $113.55 and a 52-week 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, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s revenue was up 44.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. Equities analysts anticipate that Facebook will post $5.33 EPS for the current fiscal year.

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In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.87, for a total transaction of $114,652.50. Following the completion of the transaction, the vice president now owns 87,656 shares of the company’s stock, valued at $13,399,972.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 50,533 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $169.95, for a total transaction of $8,588,083.35. The disclosure for this sale can be found here. Insiders sold 13,109,908 shares of company stock worth $2,140,922,321 in the last 90 days. Company insiders own 19.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. raised its stake in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. State Street Corp raised its stake in Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the last quarter. Capital World Investors raised its stake in Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after buying an additional 833,810 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after buying an additional 114,694 shares during the last quarter. 57.30% of the stock is owned by institutional investors and hedge funds.

About Facebook

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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