Stifel Nicolaus Reiterates “Hold” Rating for Facebook (FB)

Stifel Nicolaus restated their hold rating on shares of Facebook (NASDAQ:FB) in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a $175.00 target price on the social networking company’s stock, up from their previous target price of $155.00.

“We remain Hold rated on shares of Facebook with a 12-month DCF-driven $175 TP, or 20x 2020 EPS.”,” the firm’s analyst commented.

Several other equities research analysts also recently weighed in on FB. Argus restated a buy rating on shares of Facebook in a report on Wednesday, January 9th. Zacks Investment Research downgraded Facebook from a buy rating to a hold rating in a report on Thursday, January 10th. BidaskClub upgraded Facebook from a hold rating to a buy rating in a report on Friday, April 5th. Bank of America restated a buy rating and set a $187.00 price target (down previously from $205.00) on shares of Facebook in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a $210.00 price target on shares of Facebook in a report on Thursday, January 31st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $206.58.

FB opened at $191.49 on Thursday. Facebook has a 12-month low of $123.02 and a 12-month high of $218.62. The company has a current ratio of 5.38, a quick ratio of 7.19 and a debt-to-equity ratio of 0.08. The stock has a market cap of $556.28 billion, a P/E ratio of 25.30, a PEG ratio of 1.40 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). Facebook had a return on equity of 23.67% and a net margin of 33.17%. The firm had revenue of $15.08 billion for the quarter, compared to analyst estimates of $14.97 billion. During the same period in the previous year, the company posted $1.69 EPS. Facebook’s revenue was up 26.0% on a year-over-year basis. Equities analysts forecast that Facebook will post 7.98 earnings per share for the current year.

In related news, CFO David M. Wehner sold 25,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $190.87, for a total value of $4,771,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 9,000 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total value of $1,350,000.00. Following the completion of the sale, the vice president now directly owns 94,680 shares of the company’s stock, valued at $14,202,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,565,185 shares of company stock worth $274,875,281. Company insiders own 14.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. C J Advisory Inc acquired a new stake in Facebook during the 1st quarter worth approximately $28,000. Whitnell & Co. acquired a new stake in Facebook during the 4th quarter worth approximately $26,000. Contravisory Investment Management Inc. lifted its position in Facebook by 153.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after acquiring an additional 121 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new stake in Facebook during the 4th quarter worth approximately $31,000. Finally, Signet Investment Advisory Group Inc. acquired a new stake in Facebook during the 4th quarter worth approximately $39,000. 60.24% of the stock is owned by hedge funds and other institutional investors.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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