Stifel Nicolaus Trims Facebook (FB) Target Price to $168.00

Facebook (NASDAQ:FB) had its target price trimmed by Stifel Nicolaus from $195.00 to $168.00 in a report published on Thursday, MarketBeat reports. The firm currently has a hold rating on the social networking company’s stock.

Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Facebook from a buy rating to a strong-buy rating in a research report on Wednesday, January 10th. KeyCorp restated a buy rating on shares of Facebook in a research report on Wednesday. Vetr upgraded 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 report on Wednesday, January 10th. JMP Securities set a $235.00 price objective on shares of Facebook and gave the stock a buy rating in a research report on Thursday, February 1st. Finally, Canaccord Genuity restated a buy rating and set a $240.00 price objective (up previously from $230.00) on shares of Facebook in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. Facebook presently has a consensus rating of Buy and a consensus target price of $213.54.

Shares of Facebook stock opened at $159.39 on Thursday. Facebook has a 12-month low of $138.77 and a 12-month high of $195.32. The company has a market cap of $463,027.94, a price-to-earnings ratio of 29.57, a P/E/G ratio of 0.84 and a beta of 0.64.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The firm had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. analysts expect that Facebook will post 7.17 earnings per share for the current year.

In related news, Director Jan Koum sold 1,253,906 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total value of $221,326,948.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 152,700 shares of the stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $166.61, for a total transaction of $25,441,347.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,746,505 shares of company stock worth $1,028,342,636. Corporate insiders own 17.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FB. Beach Investment Management LLC. boosted its stake in shares of Facebook by 999.7% during the 2nd quarter. Beach Investment Management LLC. now owns 121,630 shares of the social networking company’s stock worth $18,364,000 after purchasing an additional 110,570 shares during the last quarter. Lbmc Investment Advisors LLC boosted its stake in shares of Facebook by 31.0% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 1,904 shares of the social networking company’s stock worth $287,000 after purchasing an additional 451 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Facebook by 0.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,030,162 shares of the social networking company’s stock worth $910,434,000 after acquiring an additional 56,488 shares during the period. Utah Retirement Systems lifted its holdings in shares of Facebook by 4.0% during the 2nd quarter. Utah Retirement Systems now owns 428,000 shares of the social networking company’s stock worth $64,619,000 after acquiring an additional 16,300 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Facebook by 13.3% during the 2nd quarter. Pacer Advisors Inc. now owns 83,087 shares of the social networking company’s stock worth $12,544,000 after acquiring an additional 9,766 shares during the period. 58.45% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Stifel Nicolaus Trims Facebook (FB) Target Price to $168.00” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3298834/stifel-nicolaus-trims-facebook-fb-target-price-to-168-00.html.

About Facebook

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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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.

Latest News

Focus Media  Bonds Rise 0.8% During Trading
Focus Media Bonds Rise 0.8% During Trading
Scotiabank  Given Consensus Rating of “Buy” by Brokerages
Scotiabank Given Consensus Rating of “Buy” by Brokerages
Matson  Receives $37.00 Average Price Target from Analysts
Matson Receives $37.00 Average Price Target from Analysts
Zacks: Brokerages Expect Zions Bancorporation  Will Announce Earnings of $0.91 Per Share
Zacks: Brokerages Expect Zions Bancorporation Will Announce Earnings of $0.91 Per Share
Callaway Golf  Releases Quarterly  Earnings Results, Beats Estimates By $0.14 EPS
Callaway Golf Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Pirate Blocks  Reaches Market Capitalization of $0.00
Pirate Blocks Reaches Market Capitalization of $0.00


© 2006-2018 Ticker Report. Google+.