A number of other brokerages also recently issued reports on FB. Vetr upgraded Facebook from a buy rating to a strong-buy rating and set a $209.16 price objective for the company in a research note on Thursday, January 25th. Credit Suisse Group reiterated a buy rating on shares of Facebook in a research note on Wednesday, October 11th. Aegis boosted their price objective on Facebook from $215.00 to $220.00 and gave the company a buy rating in a research note on Wednesday, January 31st. UBS Group set a $208.00 price objective on Facebook and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, Jefferies Group reiterated a buy rating and set a $230.00 price objective on shares of Facebook in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Facebook presently has an average rating of Buy and a consensus target price of $214.57.
Shares of Facebook (FB) opened at $190.28 on Friday. The stock has a market capitalization of $552,920.00, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58. Facebook has a 52 week low of $130.30 and a 52 week high of $195.32.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities analysts forecast that Facebook will post 7.16 EPS for the current year.
In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total transaction of $135,262.50. Following the sale, the vice president now directly owns 88,091 shares of the company’s stock, valued at approximately $15,887,211.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $180.27, for a total value of $2,884,320.00. Following the sale, the insider now owns 49,816 shares in the company, valued at approximately $8,980,330.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,564,763 shares of company stock worth $281,520,506 over the last ninety days. Insiders own 17.23% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Country Trust Bank raised its holdings in Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after buying an additional 479 shares during the period. Armbruster Capital Management Inc. grew its position in Facebook by 358.4% in the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after acquiring an additional 448 shares during the last quarter. Price Wealth Management Inc. bought a new position in Facebook in the 4th quarter valued at $105,000. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter valued at $111,000. Finally, Goodman Financial Corp bought a new position in Facebook in the 4th quarter valued at $115,000. Institutional investors own 57.80% of the company’s stock.
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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