Other equities analysts also recently issued research reports about the stock. Cowen reissued an average rating and issued a $200.00 target price (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Credit Suisse Group reissued a buy rating on shares of Facebook in a report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 target price on shares of Facebook and gave the stock a buy rating in a report on Friday, October 6th. Needham & Company LLC reissued a buy rating and issued a $185.00 target price on shares of Facebook in a report on Thursday, October 5th. Finally, KeyCorp reissued a buy rating and issued a $200.00 target price on shares of Facebook in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $203.72.
Facebook (NASDAQ FB) opened at $179.80 on Monday. The firm has a market cap of $522,460.00, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 1.01 and a beta of 0.68. Facebook has a 12-month low of $126.78 and a 12-month high of $188.90.
In other news, VP David B. Fischer sold 4,699 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total transaction of $129,322.50. Following the completion of the transaction, the vice president now owns 89,916 shares in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. In the last three months, insiders sold 4,181,449 shares of company stock worth $752,592,962. Insiders own 17.23% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bouchey Financial Group Ltd bought a new position in Facebook during the 4th quarter worth about $531,000. Alta Capital Management LLC grew its holdings in Facebook by 30.9% during the 4th quarter. Alta Capital Management LLC now owns 185,998 shares of the social networking company’s stock worth $32,821,000 after acquiring an additional 43,937 shares in the last quarter. BKD Wealth Advisors LLC grew its holdings in Facebook by 17.6% during the 4th quarter. BKD Wealth Advisors LLC now owns 8,371 shares of the social networking company’s stock worth $1,477,000 after acquiring an additional 1,250 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in Facebook by 7.0% during the 4th quarter. WealthTrust Arizona LLC now owns 5,746 shares of the social networking company’s stock worth $1,014,000 after acquiring an additional 378 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. bought a new position in Facebook during the 4th quarter worth about $414,000. Hedge funds and other institutional investors own 57.75% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This report was reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3145116/facebook-fb-stock-rating-reaffirmed-by-jpmorgan-chase-co.html.
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.
Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.