Macquarie set a $175.00 price objective on Facebook, Inc. (NASDAQ:FB) in a research report released on Monday. The firm currently has a buy rating on the social networking company’s stock.
FB has been the subject of a number of other research reports. Royal Bank Of Canada restated an outperform rating and set a $185.00 price target on shares of Facebook in a research note on Saturday, June 3rd. Barclays PLC restated an overweight rating and set a $168.00 price target (up previously from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Aegis restated a buy rating on shares of Facebook in a research note on Sunday, April 2nd. Vetr upgraded shares of Facebook from a hold rating to a buy rating and set a $159.91 price target for the company in a research note on Tuesday, June 6th. Finally, Pacific Crest restated an overweight rating and set a $155.00 price target on shares of Facebook in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have issued a buy rating and five have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $168.31.
Shares of Facebook (FB) traded down 0.81% during trading on Monday, reaching $164.65. 7,318,387 shares of the company traded hands. Facebook has a 12-month low of $113.55 and a 12-month high of $166.17. The firm has a market capitalization of $477.18 billion, a price-to-earnings ratio of 41.86 and a beta of 0.67. The company has a 50 day moving average price of $154.52 and a 200 day moving average price of $143.53.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.16. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.83 billion. Facebook had a net margin of 36.45% and a return on equity of 20.27%. Facebook’s quarterly revenue was up 49.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. On average, equities analysts predict that Facebook will post $4.87 EPS for the current year.
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In other news, Director Susan Desmond-Hellmann sold 209 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $144.67, for a total transaction of $30,236.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 286,387 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $148.40, for a total value of $42,499,830.80. The disclosure for this sale can be found here. Insiders have sold 13,359,966 shares of company stock valued at $2,082,892,714 in the last three months. Insiders own 19.08% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI increased its stake 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 last quarter. D. Scott Neal Inc. increased its stake 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 last quarter. Cohen Capital Management Inc. acquired a new stake in Facebook during the first quarter valued at approximately $121,000. Farmers & Merchants Investments Inc. increased its stake 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 last quarter. Finally, Cable Hill Partners LLC increased its stake 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 last quarter. Hedge funds and other institutional investors own 57.68% of the company’s stock.
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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