UBS Group set a $242.00 target price on Facebook (NASDAQ:FB) in a research report released on Wednesday morning, AnalystRatings.com reports. The firm currently has a buy rating on the social networking company’s stock.
Other equities analysts have also issued research reports about the stock. Evercore ISI reiterated a buy rating and set a $280.00 price objective on shares of Facebook in a report on Thursday, January 30th. Susquehanna Bancshares upped their price objective on shares of Facebook from $245.00 to $285.00 and gave the stock a positive rating in a research report on Thursday, January 30th. Mizuho boosted their target price on shares of Facebook from $220.00 to $245.00 and gave the company a buy rating in a research note on Thursday, April 30th. Stifel Nicolaus boosted their target price on shares of Facebook from $200.00 to $230.00 and gave the company a buy rating in a research note on Monday, April 27th. Finally, Raymond James boosted their target price on shares of Facebook from $215.00 to $240.00 and gave the company a strong-buy rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $240.98.
Shares of NASDAQ FB traded up $3.52 during trading on Wednesday, hitting $234.91. 33,593,985 shares of the company traded hands, compared to its average volume of 26,353,588. The business’s fifty day moving average is $190.35 and its 200 day moving average is $196.00. Facebook has a fifty-two week low of $137.10 and a fifty-two week high of $237.20. The firm has a market capitalization of $659.25 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.25 billion. During the same quarter in the prior year, the company posted $1.89 EPS. Facebook’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Facebook will post 7.25 EPS for the current year.
In other news, CAO Susan J.S. Taylor sold 1,449 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $201.80, for a total value of $292,408.20. Following the transaction, the chief accounting officer now owns 2,113 shares of the company’s stock, valued at approximately $426,403.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO David B. Fischer sold 22,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the completion of the transaction, the executive now directly owns 57,503 shares in the company, valued at approximately $11,804,790.87. The disclosure for this sale can be found here. Insiders sold a total of 68,199 shares of company stock worth $13,967,456 in the last three months. Insiders own 14.14% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FB. Norges Bank bought a new position in shares of Facebook during the 4th quarter valued at $5,429,501,000. Capital International Investors grew its holdings in shares of Facebook by 14.1% during the 1st quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock valued at $8,604,068,000 after purchasing an additional 6,394,036 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Facebook by 36.9% during the 1st quarter. Wellington Management Group LLP now owns 15,704,846 shares of the social networking company’s stock valued at $2,619,569,000 after purchasing an additional 4,236,566 shares during the last quarter. FMR LLC grew its holdings in shares of Facebook by 3.3% during the 4th quarter. FMR LLC now owns 123,422,389 shares of the social networking company’s stock valued at $25,332,445,000 after purchasing an additional 3,993,741 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Facebook by 1,141.8% during the 1st quarter. Fisher Asset Management LLC now owns 3,852,395 shares of the social networking company’s stock valued at $642,580,000 after purchasing an additional 3,542,165 shares during the last quarter. 65.13% of the stock is currently owned by institutional investors.
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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