Facebook (FB) Price Target Cut to $125.00

Facebook (NASDAQ:FB) had its price target reduced by stock analysts at Pivotal Research from $131.00 to $125.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “sell” rating on the social networking company’s stock. Pivotal Research’s price objective would suggest a potential downside of 14.51% from the company’s current price.

Several other research firms have also recently weighed in on FB. Nomura started coverage on Facebook in a research note on Tuesday, July 10th. They set a “buy” rating and a $228.00 target price on the stock. BidaskClub cut Facebook from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Piper Jaffray Companies lifted their target price on Facebook to $250.00 and gave the company an “in-line” rating in a research note on Friday, July 20th. UBS Group cut Facebook from a “buy” rating to a “neutral” rating and lowered their target price for the company from $212.00 to $180.00 in a research note on Thursday, July 26th. Finally, Raymond James cut Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 target price on the stock. in a research note on Thursday, July 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $203.31.

Shares of FB opened at $146.22 on Wednesday. The stock has a market capitalization of $422.30 billion, a P/E ratio of 23.74, a P/E/G ratio of 0.90 and a beta of 0.42. Facebook has a 1-year low of $139.03 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.30. The firm had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. Facebook had a return on equity of 28.16% and a net margin of 39.31%. Facebook’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. As a group, analysts expect that Facebook will post 7.05 earnings per share for the current fiscal year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $152.90, for a total value of $8,409,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 210,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $185.45, for a total value of $38,944,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,622,884 shares of company stock valued at $640,571,897. Corporate insiders own 16.25% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FB. Marble Arch Investments LP grew its position in Facebook by 40.8% in the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock valued at $72,209,000 after acquiring an additional 130,900 shares during the period. Knott David M bought a new stake in Facebook in the first quarter valued at $3,196,000. Immersion Capital LLP bought a new stake in Facebook in the first quarter valued at $65,194,000. Natixis grew its position in Facebook by 420.1% in the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock valued at $126,232,000 after acquiring an additional 638,106 shares during the period. Finally, City Financial Investment Co Ltd bought a new stake in Facebook in the first quarter valued at $15,979,000. Hedge funds and other institutional investors own 60.30% of the company’s stock.

About Facebook

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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