Press coverage about Facebook (NASDAQ:FB) has trended somewhat negative this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Facebook earned a media sentiment score of -0.12 on Accern’s scale. Accern also gave press coverage about the social networking company an impact score of 43.4095398271043 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Adamant.im Private & Decentralized Messenger (crypto-news.net)
- Facebook should pay ‘trusted’ news outlets, Rupert Murdoch says (latimes.com)
- The 2018 Inaugural Cruise Aboard Brand New Ship American Constitution (prweb.com)
- Short-Term Pain Likely for Facebook Inc Stock After Recent News Feed Shake-up – Investorplace.com (investorplace.com)
- Facebook Inc (FB) vs. Twitter Inc (TWTR): Which Is the Better Buy? – Investorplace.com (investorplace.com)
Facebook (NASDAQ:FB) traded up $4.08 during trading hours on Monday, reaching $185.37. 21,043,621 shares of the company’s stock traded hands, compared to its average volume of 23,276,699. The stock has a market cap of $538,650.00, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68. Facebook has a 52-week low of $126.95 and a 52-week high of $188.90.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. equities research analysts expect that Facebook will post 5.86 earnings per share for the current year.
Several brokerages recently issued reports on FB. JPMorgan Chase & Co. set a $230.00 price target on Facebook and gave the company a “buy” rating in a research note on Monday, January 8th. Pivotal Research reiterated a “sell” rating and issued a $147.00 price target on shares of Facebook in a research note on Monday, January 8th. Credit Suisse Group boosted their price target on Facebook from $230.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $230.00 price target (up from $215.00) on shares of Facebook in a research note on Monday, January 8th. Finally, BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and an average target price of $202.86.
In other news, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total transaction of $806,019.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,165,449 shares of company stock valued at $749,789,762. Company insiders own 17.23% of the company’s stock.
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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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