Facebook, Inc. (NASDAQ:FB) has received an average recommendation of “Buy” from the forty-nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, forty-three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $199.09.
A number of equities analysts recently commented on FB shares. The Goldman Sachs Group, Inc. set a $205.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Facebook from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Morgan Stanley set a $200.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, November 2nd. JMP Securities reissued an “outperform” rating and issued a $195.00 price objective (up previously from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th.
Shares of Facebook (FB) traded down $0.59 during trading hours on Monday, reaching $179.00. 12,722,802 shares of the company were exchanged, compared to its average volume of 16,856,367. The company has a market capitalization of $521,850.00, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67. Facebook has a 52 week low of $114.00 and a 52 week high of $182.90.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. equities research analysts forecast that Facebook will post 5.81 EPS for the current year.
In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $168.25, for a total transaction of $126,187.50. Following the sale, the vice president now directly owns 96,341 shares in the company, valued at approximately $16,209,373.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,762,164 shares of company stock worth $1,015,885,901 over the last 90 days. Company insiders own 19.08% of the company’s stock.
A number of institutional investors have recently modified their holdings of FB. Janus Henderson Group PLC grew its position in Facebook by 283.6% during the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares during the last quarter. Truepoint Inc. grew its position in Facebook by 16,822.1% during the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after purchasing an additional 6,100,871 shares during the last quarter. Vanguard Group Inc. grew its position in Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. grew its position in Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. Finally, Harding Loevner LP grew its position in Facebook by 229.7% during the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after purchasing an additional 2,966,978 shares during the last quarter. 57.35% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.