Several other research firms have also commented on FB. Royal Bank Of Canada reissued a buy rating and set a $165.00 price objective on shares of Facebook in a research note on Tuesday, June 21st. Bank of America Corp. reaffirmed a buy rating and issued a $153.07 target price (up from $123.94) on shares of Facebook in a report on Monday, August 1st. Vetr raised shares of Facebook from a hold rating to a buy rating and set a $121.02 target price for the company in a report on Monday, June 13th. Goldman Sachs Group Inc. lifted their target price on shares of Facebook from $142.00 to $162.00 and gave the stock a buy rating in a report on Thursday, July 28th. Finally, William Blair reaffirmed an outperform rating on shares of Facebook in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $149.99.
Facebook (NASDAQ:FB) traded up 0.0225% on Tuesday, reaching $128.2189. 4,226,676 shares of the company traded hands. The stock’s 50-day moving average is $127.15 and its 200-day moving average is $119.46. Facebook has a 1-year low of $89.37 and a 1-year high of $131.98. The stock has a market capitalization of $368.20 billion, a price-to-earnings ratio of 61.2901 and a beta of 0.77.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Facebook’s quarterly revenue was up 59.2% on a year-over-year basis. Equities research analysts expect that Facebook will post $3.94 EPS for the current year.
In other news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $127.63, for a total value of $95,722.50. Following the completion of the sale, the vice president now directly owns 85,190 shares of the company’s stock, valued at $10,872,799.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 23,625 shares of the stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $115.17, for a total value of $2,720,891.25. Following the completion of the sale, the vice president now directly owns 240,356 shares of the company’s stock, valued at $27,681,800.52. The disclosure for this sale can be found here. 19.08% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Stelac Advisory Services LLC bought a new stake in shares of Facebook during the first quarter valued at $106,000. Bartlett & Co. LLC increased its stake in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares in the last quarter. Kings Point Capital Management increased its stake in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares in the last quarter. Balentine LLC increased its stake in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares in the last quarter. 56.61% of the stock is owned by institutional investors and hedge funds.
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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