Facebook, Inc. Common Stock (NASDAQ:FB) had its price objective boosted by Stifel Nicolaus from $202.00 to $242.00 in a report issued on Friday, MarketBeat.com reports. Stifel Nicolaus currently has a buy rating on the social networking company’s stock.
Other equities research analysts also recently issued reports about the stock. Argus increased their price objective on shares of Facebook, Inc. Common Stock to $214.00 in a research note on Wednesday, April 11th. JPMorgan Chase & Co. reiterated a buy rating and set a $242.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Tuesday, April 10th. Jefferies Financial Group reiterated a buy rating and set a $215.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Monday, April 9th. Wells Fargo & Co reiterated a buy rating and set a $230.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Thursday, April 5th. Finally, Morningstar set a $198.00 price objective on shares of Facebook, Inc. Common Stock and gave the stock a buy rating in a research note on Monday, March 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $223.75.
Get Facebook Inc. Common Stock alerts:Facebook, Inc. Common Stock traded up $1.85, reaching $209.94, during mid-day trading on Friday, MarketBeat.com reports. 16,143,832 shares of the company’s stock were exchanged, compared to its average volume of 15,226,154. Facebook, Inc. Common Stock has a one year low of $149.02 and a one year high of $211.50. The firm has a market cap of $604.50 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 1.10 and a beta of 0.85.
Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.44. Facebook, Inc. Common Stock had a net margin of 40.03% and a return on equity of 27.74%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same period last year, the firm earned $1.04 earnings per share. Facebook, Inc. Common Stock’s revenue for the quarter was up 49.0% compared to the same quarter last year. analysts anticipate that Facebook, Inc. Common Stock will post 7.72 EPS for the current fiscal year.
In related news, VP David B. Fischer sold 5,138 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Wednesday, April 25th. The shares were sold at an average price of $160.07, for a total transaction of $822,439.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $210.00, for a total transaction of $157,500.00. Following the sale, the vice president now owns 88,615 shares in the company, valued at $18,609,150. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,033,116 shares of company stock worth $3,041,961,441. 17.23% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Facebook, Inc. Common Stock by 2.0% in the 1st quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after acquiring an additional 2,966,437 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Facebook, Inc. Common Stock by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after acquiring an additional 1,010,306 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Facebook, Inc. Common Stock by 3.1% in the 4th quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock valued at $2,669,014,000 after acquiring an additional 458,048 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Facebook, Inc. Common Stock by 0.5% in the 1st quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock valued at $2,067,249,000 after acquiring an additional 58,561 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Facebook, Inc. Common Stock by 4.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock valued at $2,221,204,000 after acquiring an additional 558,184 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.
Facebook, Inc. Common Stock 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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