Tigress Financial reissued their buy rating on shares of Facebook (NASDAQ:FB) in a report issued on Friday, December 27th, TipRanks reports.
Several other brokerages have also recently weighed in on FB. Credit Suisse Group reissued an outperform rating and set a $270.00 price target (up previously from $260.00) on shares of Facebook in a research report on Thursday, October 31st. Wedbush lowered their price target on shares of Facebook from $265.00 to $250.00 and set an outperform rating on the stock in a research report on Thursday, October 31st. Rosenblatt Securities set a $242.00 price objective on shares of Facebook and gave the company a buy rating in a report on Tuesday, October 15th. DZ Bank reiterated a buy rating on shares of Facebook in a research note on Thursday, October 31st. Finally, UBS Group cut their price target on shares of Facebook from $240.00 to $235.00 and set a buy rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Facebook presently has a consensus rating of Buy and an average target price of $238.37.
Shares of Facebook stock traded up $0.37 during midday trading on Friday, hitting $222.14. The company had a trading volume of 15,212,823 shares, compared to its average volume of 11,374,349. The stock has a market cap of $632.43 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 1.18 and a beta of 1.05. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $206.54 and a 200 day simple moving average of $194.00. Facebook has a 12-month low of $142.52 and a 12-month high of $222.38.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The company had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the firm posted $1.76 EPS. Facebook’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, analysts expect that Facebook will post 8.5 EPS for the current year.
In related news, VP Jennifer Newstead sold 260 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $221.86, for a total transaction of $57,683.60. Following the sale, the vice president now directly owns 1,046 shares in the company, valued at approximately $232,065.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $184.74, for a total value of $10,160,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,220,900 shares of company stock valued at $231,834,951. Insiders own 14.53% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Advantage Inc. acquired a new position in shares of Facebook in the 3rd quarter valued at $28,000. Shamrock Asset Management LLC acquired a new position in shares of Facebook in the 2nd quarter valued at $38,000. American National Bank acquired a new position in shares of Facebook in the 4th quarter valued at $41,000. Winthrop Partners WNY LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $58,000. Finally, AlphaMark Advisors LLC lifted its stake in shares of Facebook by 20.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 63.77% of the company’s stock.
Facebook Company Profile
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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