Facebook, Inc. (NASDAQ:FB) had its target price increased by Deutsche Bank AG from $185.00 to $189.00 in a report published on Friday morning. Deutsche Bank AG currently has a buy rating on the social networking company’s stock.
A number of other research analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) set a $180.00 price objective on Facebook and gave the company a buy rating in a report on Wednesday. Needham & Company LLC reissued a buy rating and issued a $185.00 target price (up from $165.00) on shares of Facebook in a research report on Wednesday. Robert W. Baird reissued an outperform rating and issued a $163.00 target price on shares of Facebook in a research report on Tuesday. Aegis upped their target price on Facebook from $165.00 to $185.00 and gave the company a buy rating in a research report on Monday, July 17th. Finally, Pivotal Research reissued a hold rating and issued a $140.00 target price on shares of Facebook in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and four have issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $167.06.
Shares of Facebook (NASDAQ:FB) traded down 0.06% during trading on Friday, hitting $164.43. The stock had a trading volume of 14,744,002 shares. The company’s 50 day moving average price is $153.80 and its 200 day moving average price is $142.68. The stock has a market cap of $476.55 billion, a price-to-earnings ratio of 41.81 and a beta of 0.67. Facebook has a 12 month low of $113.55 and a 12 month high of $165.70. Facebook also was the target of some unusual options trading on Wednesday. Stock traders bought 124,719 put options on the company. This represents an increase of approximately 183% compared to the average volume of 44,047 put options.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, May 3rd. The social networking company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.83 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 49.2% on a year-over-year basis. Equities research analysts expect that Facebook will post $4.87 earnings per share for the current fiscal year.
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In related news, CEO Mark Zuckerberg sold 286,387 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $148.40, for a total value of $42,499,830.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,376,724 shares of company stock valued at $2,085,322,718. 19.08% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI raised its position in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the period. D. Scott Neal Inc. raised its position in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. raised its position in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the period. Cohen Capital Management Inc. bought a new position in Facebook during the first quarter valued at approximately $121,000. Finally, Cable Hill Partners LLC raised its position in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares during the period. 57.63% of the stock is owned by hedge funds and other institutional investors.
About Facebook
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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