Facebook (NASDAQ:FB) Stock Rating Reaffirmed by Wedbush

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Wedbush reiterated their outperform rating on shares of Facebook (NASDAQ:FB) in a research note released on Friday. Wedbush currently has a price objective on the social networking company’s stock.

FB has been the topic of a number of other research reports. KeyCorp upped their price target on shares of Facebook from $240.00 to $263.00 and gave the company an overweight rating in a research note on Friday. Barclays reissued a buy rating and issued a $260.00 price objective on shares of Facebook in a research note on Wednesday, January 22nd. ValuEngine upgraded shares of Facebook from a sell rating to a hold rating in a report on Saturday, November 23rd. Sanford C. Bernstein started coverage on shares of Facebook in a research report on Thursday, January 9th. They set an outperform rating and a $250.00 target price on the stock. Finally, Deutsche Bank increased their price target on shares of Facebook from $270.00 to $280.00 and gave the company a buy rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-seven have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $240.97.

NASDAQ:FB opened at $214.87 on Friday. The company has a market cap of $614.32 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.15 and a beta of 1.05. Facebook has a 1 year low of $143.43 and a 1 year high of $222.75. The stock’s 50 day simple moving average is $210.40 and its two-hundred day simple moving average is $195.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the prior year, the company earned $1.76 EPS. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. As a group, analysts anticipate that Facebook will post 8.5 EPS for the current year.

In related news, VP Jennifer Newstead sold 260 shares of Facebook stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $222.28, for a total transaction of $57,792.80. Following the completion of the transaction, the vice president now directly owns 786 shares of the company’s stock, valued at approximately $174,712.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO David B. Fischer sold 11,638 shares of Facebook stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $202.00, for a total transaction of $2,350,876.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 663,760 shares of company stock valued at $127,627,499. 14.53% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Cavalier Investments LLC raised its position in Facebook by 99.9% during the 3rd quarter. Cavalier Investments LLC now owns 1,925 shares of the social networking company’s stock valued at $343,000 after purchasing an additional 962 shares in the last quarter. Martin Investment Management LLC lifted its holdings in shares of Facebook by 5.2% in the 3rd quarter. Martin Investment Management LLC now owns 66,928 shares of the social networking company’s stock worth $11,919,000 after buying an additional 3,294 shares during the period. First Financial Bank Trust Division purchased a new stake in shares of Facebook in the 4th quarter worth $245,000. Winthrop Advisory Group LLC grew its position in shares of Facebook by 1.9% during the 4th quarter. Winthrop Advisory Group LLC now owns 3,444 shares of the social networking company’s stock worth $707,000 after buying an additional 64 shares in the last quarter. Finally, Andra AP fonden grew its position in shares of Facebook by 37.5% during the 3rd quarter. Andra AP fonden now owns 15,400 shares of the social networking company’s stock worth $2,742,000 after buying an additional 4,200 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

About Facebook

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.

Further Reading: Sell-Side Analysts

Analyst Recommendations for Facebook (NASDAQ:FB)

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