Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They presently have a $170.00 price objective on the social networking company’s stock. Deutsche Bank AG’s price target indicates a potential upside of 31.73% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $136.45 target price for the company in a research report on Monday, September 12th. Societe Generale set a $80.00 target price on Facebook and gave the company a “sell” rating in a research report on Thursday, July 7th. Robert W. Baird raised Facebook to a “buy” rating in a research report on Monday, July 18th. Citigroup Inc. lifted their target price on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, September 19th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Facebook in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $149.99.
Facebook (NASDAQ:FB) traded up 0.13% during trading on Wednesday, hitting $129.05. 11,046,747 shares of the stock traded hands. The company’s 50 day moving average price is $127.89 and its 200 day moving average price is $120.00. Facebook has a 12 month low of $89.37 and a 12 month high of $131.98. The company has a market cap of $370.59 billion, a P/E ratio of 61.69 and a beta of 0.77.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The company’s quarterly revenue was up 59.2% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. On average, equities research analysts anticipate that Facebook will post $3.94 EPS for the current fiscal year.
In other Facebook news, insider Christopher K. Cox sold 15,600 shares of Facebook stock in a transaction on Monday, July 25th. The stock was sold at an average price of $121.08, for a total transaction of $1,888,848.00. Following the sale, the insider now owns 388,392 shares of the company’s stock, valued at approximately $47,026,503.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 37,217 shares of Facebook stock in a transaction on Friday, July 15th. The shares were sold at an average price of $117.18, for a total value of $4,361,088.06. Following the sale, the insider now directly owns 377,357 shares in the company, valued at approximately $44,218,693.26. The disclosure for this sale can be found here. 19.08% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in FB. Stelac Advisory Services LLC acquired a new stake in shares of Facebook during the first quarter valued at $106,000. Bartlett & Co. LLC boosted its position 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 during the period. West Oak Capital LLC boosted its position in shares of Facebook by 53.3% in the third quarter. West Oak Capital LLC now owns 1,150 shares of the social networking company’s stock valued at $148,000 after buying an additional 400 shares during the period. Kings Point Capital Management boosted its position 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 during the period. Finally, Balentine LLC boosted its position 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 during the period. 56.61% of the stock is currently owned by hedge funds and other institutional investors.
Facebook Company Profile
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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