Vetr downgraded shares of Facebook (NASDAQ:FB) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday, January 3rd. They currently have $203.53 target price on the social networking company’s stock.
Other research analysts have also issued research reports about the company. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a buy rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on Facebook and gave the company a buy rating in a research report on Thursday, November 2nd. Needham & Company LLC increased their target price on Facebook from $185.00 to $215.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the company a buy rating in a research note on Monday, October 30th. Finally, Canaccord Genuity raised their price target on Facebook from $190.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the stock. Facebook has a consensus rating of Buy and a consensus price target of $203.18.
Facebook (NASDAQ FB) traded down $8.12 during trading hours on Wednesday, hitting $179.65. The company had a trading volume of 33,865,689 shares, compared to its average volume of 16,580,000. Facebook has a 12 month low of $124.80 and a 12 month high of $188.90. The company has a market cap of $522,700.00, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.
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. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. equities analysts forecast that Facebook will post 5.86 EPS for the current fiscal year.
In related news, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction on Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the sale, the insider now owns 172,871 shares in the company, valued at $30,286,999.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,182,199 shares of company stock valued at $752,724,430 in the last 90 days. Insiders own 17.23% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Country Trust Bank boosted its stake in Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after acquiring an additional 479 shares during the last quarter. D. Scott Neal Inc. boosted its stake in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook during the 3rd quarter valued at $111,000. Mountain Capital Investment Advisors Inc bought a new position in Facebook during the 2nd quarter valued at $138,000. Finally, Vigilant Capital Management LLC boosted its stake in Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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