Credit Suisse Group restated their outperform rating on shares of Facebook (NASDAQ:FB) in a report released on Monday, Marketbeat Ratings reports. They currently have a $232.00 price objective on the social networking company’s stock, up from their prior price objective of $230.00.
FB has been the subject of a number of other reports. Vetr raised Facebook from a hold rating to a buy rating and set a $180.74 target price for the company in a research note on Monday, September 25th. Morgan Stanley reissued an overweight rating and issued a $195.00 target price (up from $190.00) on shares of Facebook in a research note on Monday, October 2nd. Wells Fargo & Co set a $215.00 target price on Facebook and gave the company a buy rating in a research note on Friday, October 6th. Atlantic Securities set a $215.00 target price on Facebook and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reissued a buy rating and issued a $185.00 target price on shares of Facebook in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $203.72.
Facebook (FB) traded down $7.56 during trading hours on Monday, reaching $180.21. The company’s stock had a trading volume of 48,503,626 shares, compared to its average volume of 14,124,000. Facebook has a 1 year low of $124.80 and a 1 year high of $188.90. The firm has a market capitalization of $523,930.00, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 47.3% on a year-over-year basis. equities analysts predict that Facebook will post 5.86 earnings per share for the current year.
In other Facebook news, insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the sale, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The disclosure for this sale can be found here. Insiders have sold 4,182,199 shares of company stock worth $752,724,430 in the last quarter. 17.23% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Daiwa SB Investments Ltd. grew its position in shares of Facebook by 27.6% in the fourth quarter. Daiwa SB Investments Ltd. now owns 12,430 shares of the social networking company’s stock valued at $2,193,000 after purchasing an additional 2,690 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its position in Facebook by 3.4% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 53,657 shares of the social networking company’s stock worth $9,468,000 after buying an additional 1,763 shares in the last quarter. Country Trust Bank grew its position in Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares in the last quarter. Stock Yards Bank & Trust Co. grew its position in Facebook by 11.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 48,388 shares of the social networking company’s stock worth $8,539,000 after buying an additional 5,113 shares in the last quarter. Finally, Trust Co grew its position in Facebook by 6.6% during the third quarter. Trust Co now owns 14,020 shares of the social networking company’s stock worth $2,396,000 after buying an additional 864 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.
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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