Facebook’s (FB) “Hold” Rating Reiterated at Guggenheim

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Guggenheim reaffirmed their hold rating on shares of Facebook (NASDAQ:FB) in a report published on Tuesday morning, TipRanks reports.

Several other research analysts also recently weighed in on the company. Credit Suisse Group boosted their target price on Facebook from $235.00 to $250.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. ValuEngine downgraded Facebook from a buy rating to a hold rating in a research note on Thursday, August 1st. Raymond James boosted their target price on Facebook from $225.00 to $230.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. Moffett Nathanson upgraded Facebook from a neutral rating to a buy rating and set a $210.00 target price on the stock in a research note on Tuesday, June 11th. Finally, Royal Bank of Canada reiterated a buy rating and set a $260.00 price target on shares of Facebook in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $220.92.

Shares of FB traded up $0.11 during trading hours on Tuesday, hitting $187.58. The company had a trading volume of 107,543 shares, compared to its average volume of 11,753,617. The company has a market capitalization of $531.13 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. Facebook has a one year low of $123.02 and a one year high of $208.66. The company’s fifty day moving average price is $187.42 and its two-hundred day moving average price is $182.81.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The firm had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. Analysts forecast that Facebook will post 8.03 earnings per share for the current year.

In other Facebook news, Director Peter Thiel sold 22,246 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the completion of the transaction, the director now owns 9,948 shares of the company’s stock, valued at $1,810,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 125,600 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $187.94, for a total value of $23,605,264.00. The disclosure for this sale can be found here. Insiders sold a total of 2,244,072 shares of company stock valued at $416,434,607 in the last ninety days. 14.53% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in FB. Naples Global Advisors LLC increased its holdings in shares of Facebook by 8.7% in the fourth quarter. Naples Global Advisors LLC now owns 9,032 shares of the social networking company’s stock valued at $1,302,000 after purchasing an additional 721 shares during the last quarter. American Assets Investment Management LLC increased its holdings in shares of Facebook by 285.0% in the fourth quarter. American Assets Investment Management LLC now owns 7,700 shares of the social networking company’s stock valued at $1,009,000 after purchasing an additional 5,700 shares during the last quarter. Essex Savings Bank acquired a new stake in shares of Facebook in the fourth quarter valued at approximately $667,000. Beach Investment Counsel Inc. PA increased its holdings in shares of Facebook by 120.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 64,050 shares of the social networking company’s stock valued at $10,677,000 after purchasing an additional 34,957 shares during the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in shares of Facebook by 1.1% in the fourth quarter. Chartwell Investment Partners LLC now owns 60,116 shares of the social networking company’s stock valued at $7,880,000 after purchasing an additional 629 shares during the last quarter. 63.60% of the stock is owned by institutional investors and hedge funds.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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