Facebook, Inc. (NASDAQ:FB) – Stock analysts at Jefferies Financial Group raised their FY2018 earnings per share (EPS) estimates for Facebook in a research note issued to investors on Wednesday, January 9th. Jefferies Financial Group analyst B. Thill now anticipates that the social networking company will post earnings of $7.29 per share for the year, up from their prior estimate of $7.27. Jefferies Financial Group currently has a “Buy” rating and a $200.00 price target on the stock. Jefferies Financial Group also issued estimates for Facebook’s Q4 2018 earnings at $2.10 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.74 EPS, Q3 2019 earnings at $1.78 EPS, Q4 2019 earnings at $2.24 EPS and FY2019 earnings at $7.34 EPS.
Several other analysts have also recently commented on FB. Morgan Stanley upped their target price on Facebook from $185.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 12th. Morningstar set a $186.00 price target on Facebook and gave the company a “buy” rating in a research report on Thursday, October 11th. Barclays restated a “buy” rating and set a $180.00 price target on shares of Facebook in a research report on Friday, September 14th. JPMorgan Chase & Co. restated a “buy” rating and set a $195.00 price target on shares of Facebook in a research report on Wednesday, September 26th. Finally, Argus dropped their price target on Facebook from $237.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $186.92.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.30. The company had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 earnings per share.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Facebook by 1.7% during the third quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock valued at $20,435,077,000 after purchasing an additional 2,132,804 shares during the period. Northern Trust Corp grew its holdings in Facebook by 0.8% during the second quarter. Northern Trust Corp now owns 26,909,979 shares of the social networking company’s stock valued at $5,229,147,000 after purchasing an additional 224,531 shares during the period. Morgan Stanley grew its holdings in Facebook by 3.2% during the third quarter. Morgan Stanley now owns 25,517,710 shares of the social networking company’s stock valued at $4,196,642,000 after purchasing an additional 799,081 shares during the period. Bank of New York Mellon Corp grew its holdings in Facebook by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 22,102,171 shares of the social networking company’s stock valued at $4,294,895,000 after purchasing an additional 184,595 shares during the period. Finally, Jennison Associates LLC grew its holdings in Facebook by 1.6% during the third quarter. Jennison Associates LLC now owns 15,389,527 shares of the social networking company’s stock valued at $2,530,962,000 after purchasing an additional 242,474 shares during the period. Institutional investors own 58.14% of the company’s stock.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $120,000.00. Following the completion of the sale, the vice president now owns 92,394 shares in the company, valued at $14,783,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $141.66, for a total value of $7,791,300.00. The disclosure for this sale can be found here. Insiders sold 431,850 shares of company stock valued at $60,909,341 in the last 90 days. Company insiders own 16.25% of the company’s stock.
Facebook Company Profile
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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