Facebook, Inc. (NASDAQ:FB)‘s stock had its “buy” rating reiterated by analysts at MKM Partners in a report released on Thursday. They currently have a $150.00 price objective on the social networking company’s stock. MKM Partners’ target price would suggest a potential upside of 11.78% from the company’s current price.
A number of other brokerages have also recently issued reports on FB. Citigroup Inc. reissued a “buy” rating on shares of Facebook in a research report on Thursday, February 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $162.00 target price on shares of Facebook in a report on Thursday, February 2nd. Canaccord Genuity lifted their target price on shares of Facebook to $155.00 in a report on Thursday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $125.00 target price on shares of Facebook in a report on Thursday, February 2nd. Finally, J P Morgan Chase & Co set a $170.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus price target of $153.75.
Facebook (NASDAQ:FB) opened at 134.19 on Thursday. Facebook has a 52-week low of $100.24 and a 52-week high of $135.49. The company has a market capitalization of $387.81 billion, a P/E ratio of 38.42 and a beta of 0.68. The stock’s 50 day moving average is $126.71 and its 200-day moving average is $125.11.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The company earned $8.81 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same period last year, the company posted $0.79 EPS. Facebook’s revenue was up 50.8% on a year-over-year basis. Analysts predict that Facebook will post $5.42 EPS for the current fiscal year.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $132.37, for a total value of $99,277.50. Following the completion of the transaction, the vice president now directly owns 74,709 shares of the company’s stock, valued at $9,889,230.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 809,977 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $117.29, for a total value of $95,002,202.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,176,414 shares of company stock valued at $618,861,084. Corporate insiders own 19.08% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Facebook by 2.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,585 shares of the social networking company’s stock worth $295,000 after buying an additional 60 shares during the period. Waverton Investment Management Ltd raised its stake in shares of Facebook by 14.4% in the second quarter. Waverton Investment Management Ltd now owns 279,302 shares of the social networking company’s stock worth $31,919,000 after buying an additional 35,250 shares during the period. Sit Investment Associates Inc. raised its stake in shares of Facebook by 7.7% in the second quarter. Sit Investment Associates Inc. now owns 86,420 shares of the social networking company’s stock worth $9,876,000 after buying an additional 6,160 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Facebook by 19.0% in the second quarter. Quadrant Capital Group LLC now owns 6,607 shares of the social networking company’s stock worth $743,000 after buying an additional 1,055 shares during the period. Finally, LMR Partners LLP purchased a new stake in shares of Facebook during the second quarter worth about $10,240,000. 57.00% of the stock is owned by hedge funds and other institutional investors.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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