Media headlines about Facebook (NASDAQ:FB) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Facebook earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the social networking company an impact score of 44.4744638436753 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Best Buy: Facebook, Twitter, or Snap (fool.com)
- San Francisco company launches its streaming TV service with Facebook co-founder at the helm (feeds.bizjournals.com)
- UPDATE 1-Austrian can’t file class action suit against Facebook -EU Court adviser (feeds.reuters.com)
- Moody’s: Digital will be second wave of disruption for asset managers (finance.yahoo.com)
- Austrian can’t file class action suit against Facebook – EU Court adviser (finance.yahoo.com)
Shares of Facebook (FB) opened at $178.77 on Tuesday. The stock has a market capitalization of $519,470.00, a PE ratio of 34.38, a P/E/G ratio of 1.14 and a beta of 0.67. Facebook has a 1 year low of $113.55 and a 1 year high of $182.90.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. research analysts anticipate that Facebook will post 5.81 EPS for the current year.
A number of equities research analysts have commented on FB shares. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a $205.00 price target on Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Barclays PLC increased their price target on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and issued a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC increased their price target on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $197.95.
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In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the sale, the vice president now directly owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jan Koum sold 2,953,492 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $170.17, for a total value of $502,595,733.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,843,902 shares of company stock valued at $1,362,490,758. 19.08% of the stock is owned by company insiders.
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.
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