Facebook (FB) Releases Earnings Results, Beats Expectations By $0.44 EPS

Facebook (NASDAQ:FB) issued its quarterly earnings results on Wednesday. The social networking company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.44, Bloomberg Earnings reports. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s revenue was up 49.0% on a year-over-year basis.

Shares of Facebook stock traded up $14.47 on Thursday, reaching $174.16. The company’s stock had a trading volume of 77,536,933 shares, compared to its average volume of 33,789,469. The stock has a market capitalization of $463,899.47, a PE ratio of 28.27, a price-to-earnings-growth ratio of 0.88 and a beta of 0.79. Facebook has a 52-week low of $144.42 and a 52-week high of $195.32.

In related news, Director Jan Koum sold 1,253,906 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total transaction of $221,326,948.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David B. Fischer sold 5,138 shares of the business’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $160.07, for a total value of $822,439.66. The disclosure for this sale can be found here. Insiders sold 8,356,816 shares of company stock valued at $1,449,306,363 over the last 90 days. Company insiders own 17.23% of the company’s stock.



Several institutional investors and hedge funds have recently modified their holdings of FB. Mountain Capital Investment Advisors Inc purchased a new stake in Facebook in the 2nd quarter valued at $138,000. Odey Holdings AG grew its holdings in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares in the last quarter. Earnest Partners LLC purchased a new stake in Facebook in the 4th quarter valued at $192,000. Almanack Investment Partners LLC. purchased a new stake in Facebook in the 2nd quarter valued at $165,000. Finally, Lenox Wealth Management Inc. grew its holdings in Facebook by 9.4% in the 2nd quarter. Lenox Wealth Management Inc. now owns 1,140 shares of the social networking company’s stock valued at $172,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 58.55% of the company’s stock.

FB has been the topic of a number of research analyst reports. Argus boosted their price target on Facebook to $214.00 in a research note on Wednesday, April 11th. JPMorgan Chase set a $230.00 price target on Facebook and gave the stock a “buy” rating in a research note on Monday, January 8th. Cowen restated a “buy” rating and set a $220.00 price target on shares of Facebook in a research note on Thursday, January 4th. Vetr lowered Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 price target on the stock. in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $230.00 price target on shares of Facebook in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $211.60.

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.

Earnings History for Facebook (NASDAQ:FB)

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