Macquarie reaffirmed their buy rating on shares of Facebook (NASDAQ:FB) in a research note released on Tuesday. Macquarie currently has a $200.00 price objective on the social networking company’s stock.
Several other analysts have also issued reports on FB. BidaskClub upgraded shares of Facebook from a buy rating to a strong-buy rating in a research report on Wednesday, January 10th. Vetr raised shares of Facebook from a buy rating to a strong-buy rating and set a $210.43 price objective for the company in a research note on Wednesday, January 10th. JMP Securities set a $235.00 price objective on shares of Facebook and gave the company a buy rating in a research note on Thursday, February 1st. Canaccord Genuity reissued a buy rating and issued a $240.00 price objective (up previously from $230.00) on shares of Facebook in a research note on Thursday, February 1st. Finally, Jefferies Group reissued a buy rating and issued a $230.00 price objective on shares of Facebook in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has an average rating of Buy and a consensus target price of $213.54.
Shares of Facebook (FB) opened at $159.39 on Tuesday. The stock has a market cap of $479,005.44, a P/E ratio of 29.57, a P/E/G ratio of 0.87 and a beta of 0.64. Facebook has a 52-week low of $138.77 and a 52-week high of $195.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities research analysts expect that Facebook will post 7.23 earnings per share for the current year.
In other Facebook news, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the sale, the insider now directly 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 at the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The disclosure for this sale can be found here. Insiders sold 5,746,505 shares of company stock valued at $1,028,342,636 over the last 90 days. Corporate insiders own 17.23% of the company’s stock.
Large investors have recently bought and sold shares of the business. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in shares of Facebook during the fourth quarter valued at about $179,544,000. Certified Advisory Corp acquired a new position in shares of Facebook during the fourth quarter valued at about $458,000. Wagner Wealth Management LLC acquired a new position in shares of Facebook during the fourth quarter valued at about $183,000. Rehmann Capital Advisory Group grew its holdings in shares of Facebook by 3.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 9,720 shares of the social networking company’s stock valued at $1,715,000 after buying an additional 313 shares during the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in shares of Facebook by 0.3% during the fourth quarter. KCM Investment Advisors LLC now owns 297,984 shares of the social networking company’s stock valued at $52,582,000 after buying an additional 859 shares during the last quarter. Institutional investors and hedge funds own 58.45% 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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