Facebook (FB) – Research Analysts’ Weekly Ratings Updates

Facebook (NASDAQ: FB) recently received a number of ratings updates from brokerages and research firms:

  • 10/8/2018 – Facebook had its price target lowered by analysts at Credit Suisse Group AG from $225.00 to $210.00. They now have an “outperform” rating on the stock.
  • 10/4/2018 – Facebook was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/3/2018 – Facebook had its price target lowered by analysts at Argus from $237.00 to $210.00. They now have a “buy” rating on the stock.
  • 10/2/2018 – Facebook was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/1/2018 – Facebook had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $220.00 price target on the stock.
  • 9/27/2018 – Facebook was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/26/2018 – Facebook had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $195.00 price target on the stock.
  • 9/24/2018 – Facebook was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/18/2018 – Facebook was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/18/2018 – Facebook had its price target raised by analysts at JPMorgan Chase & Co. from $195.00 to $205.00. They now have an “overweight” rating on the stock.
  • 9/14/2018 – Facebook had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $180.00 price target on the stock.
  • 9/13/2018 – Facebook had its “buy” rating reaffirmed by analysts at Cleveland Research.
  • 9/7/2018 – Facebook was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/6/2018 – Facebook was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/4/2018 – Facebook had its “neutral” rating reaffirmed by analysts at Moffett Nathanson. They now have a $175.00 price target on the stock.
  • 9/3/2018 – Facebook had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $195.00 price target on the stock.
  • 9/3/2018 – Facebook had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $195.00 price target on the stock.
  • 8/23/2018 – Facebook had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $202.00 price target on the stock.
  • 8/23/2018 – Facebook had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $220.00 price target on the stock.
  • 8/20/2018 – Facebook had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $225.00 price target on the stock.

NASDAQ:FB opened at $151.38 on Thursday. The stock has a market capitalization of $477.76 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.05 and a beta of 0.42. Facebook, Inc. has a 12-month low of $149.02 and a 12-month high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). The firm had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. Facebook had a net margin of 39.31% and a return on equity of 28.16%. Facebook’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter last year, the company posted $1.32 earnings per share. As a group, equities research analysts predict that Facebook, Inc. will post 7.08 earnings per share for the current year.

In other news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $160.00, for a total transaction of $120,000.00. Following the transaction, the vice president now directly owns 93,894 shares in the company, valued at approximately $15,023,040. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 240,000 shares of the stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $216.71, for a total transaction of $52,010,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,438,291 shares of company stock worth $1,220,603,640. 16.25% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Arrow Financial Corp raised its holdings in Facebook by 1.5% in the third quarter. Arrow Financial Corp now owns 44,917 shares of the social networking company’s stock valued at $7,387,000 after buying an additional 665 shares during the period. Bach Investment Advisors Ltd grew its position in Facebook by 40.2% in the third quarter. Bach Investment Advisors Ltd now owns 2,327 shares of the social networking company’s stock valued at $383,000 after acquiring an additional 667 shares in the last quarter. Quattro Financial Advisors LLC acquired a new stake in Facebook in the third quarter valued at approximately $2,404,000. Iberiabank Corp grew its position in Facebook by 24.1% in the third quarter. Iberiabank Corp now owns 9,560 shares of the social networking company’s stock valued at $1,572,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Advisors Capital Management LLC grew its position in Facebook by 2.6% in the third quarter. Advisors Capital Management LLC now owns 23,037 shares of the social networking company’s stock valued at $3,789,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 60.43% of the company’s stock.

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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