Facebook’s (FB) “Buy” Rating Reiterated at Credit Agricole SA
Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating restated by stock analysts at Credit Agricole SA in a report issued on Friday.
Other equities research analysts have also issued reports about the stock. MKM Partners restated a “buy” rating and issued a $150.00 price objective on shares of Facebook in a report on Wednesday, June 22nd. SunTrust Banks Inc. restated a “buy” rating and issued a $135.00 price objective on shares of Facebook in a report on Tuesday, June 21st. Royal Bank Of Canada restated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a report on Tuesday, June 21st. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $121.02 price objective for the company in a report on Monday, June 13th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Facebook in a report on Sunday, June 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-four have given a buy rating and three have assigned a strong buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus price target of $149.75.
Facebook (NASDAQ:FB) traded down 1.418% during midday trading on Friday, reaching $128.235. 19,986,610 shares of the company’s stock were exchanged. Facebook has a 12-month low of $85.72 and a 12-month high of $131.98. The firm has a 50-day moving average price of $126.35 and a 200 day moving average price of $118.21. The company has a market cap of $368.25 billion, a price-to-earnings ratio of 61.298 and a beta of 0.76.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to analyst estimates of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business’s quarterly revenue was up 59.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. On average, analysts expect that Facebook will post $3.94 EPS for the current fiscal year.
In related news, Director Jan Koum sold 966,668 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $129.26, for a total value of $124,951,505.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher K. Cox sold 15,600 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of $109.68, for a total value of $1,711,008.00. Following the completion of the transaction, the insider now directly owns 391,186 shares of the company’s stock, valued at $42,905,280.48. The disclosure for this sale can be found here. 19.08% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Carnick & Kubik Group LLC purchased a new position in Facebook during the second quarter valued at approximately $1,902,000. Williams Jones & Associates LLC increased its position in Facebook by 3.3% in the second quarter. Williams Jones & Associates LLC now owns 635,392 shares of the social networking company’s stock valued at $72,613,000 after buying an additional 20,128 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Facebook during the second quarter valued at approximately $10,668,000. Kentucky Retirement Systems purchased a new position in Facebook during the second quarter valued at approximately $22,467,000. Finally, KAMES CAPITAL plc increased its position in Facebook by 2.3% in the second quarter. KAMES CAPITAL plc now owns 1,321,024 shares of the social networking company’s stock valued at $150,967,000 after buying an additional 29,407 shares in the last quarter. 56.61% of the stock is owned by hedge funds and other institutional investors.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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