Other research analysts have also issued research reports about the company. Susquehanna Bancshares Inc raised their price objective on Facebook to $180.00 in a research report on Thursday, February 2nd. Mizuho lifted their target price on Facebook to $148.00 in a report on Thursday, February 2nd. Pacific Crest reduced their target price on Facebook to $150.00 in a report on Thursday, February 2nd. Deutsche Bank AG lifted their target price on Facebook to $155.00 in a report on Thursday, February 2nd. Finally, Canaccord Genuity lifted their target price on Facebook to $155.00 in a report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $163.98.
Facebook (NASDAQ:FB) traded up 0.27% during mid-day trading on Thursday, reaching $148.06. The company had a trading volume of 16,162,208 shares. The firm’s 50-day moving average is $145.82 and its 200-day moving average is $132.24. Facebook has a one year low of $108.23 and a one year high of $153.60. The firm has a market capitalization of $429.10 billion, a P/E ratio of 37.65 and a beta of 0.68. Facebook also saw some unusual options trading on Wednesday. Stock traders bought 129,160 put options on the company. This represents an increase of approximately 153% compared to the typical volume of 51,102 put options.
Facebook (NASDAQ:FB) last released its 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 company had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.83 billion. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The firm’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, equities research analysts anticipate that Facebook will post $4.83 earnings per share for the current fiscal year.
In related news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $141.70, for a total value of $2,267,200.00. Following the completion of the sale, the insider now owns 181,125 shares in the company, valued at approximately $25,665,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 272,500 shares of Facebook stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $141.35, for a total transaction of $38,517,875.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,836,427 shares of company stock valued at $1,417,668,940 in the last 90 days. Insiders own 19.08% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI boosted its position in shares of 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 in the last quarter. Advisors Preferred LLC acquired a new position in shares of Facebook during the first quarter valued at approximately $102,000. Hemenway Trust Co LLC acquired a new position in shares of Facebook during the fourth quarter valued at approximately $109,000. GFI Investment Counsel Ltd. acquired a new position in shares of Facebook during the fourth quarter valued at approximately $115,000. Finally, Jacobus Wealth Management Inc. acquired a new position in shares of Facebook during the third quarter valued at approximately $121,000. Hedge funds and other institutional investors own 57.00% of the company’s stock.
Facebook Company Profile
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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