Facebook Inc. (FB) Given a $170.00 Price Target by Credit Suisse Group AG Analysts
Credit Suisse Group AG set a $170.00 price target on Facebook Inc. (NASDAQ:FB) in a research report report published on Monday. The firm currently has a an outperform rating on the social networking company’s stock.
Several other equities research analysts also recently weighed in on the company. Vetr upgraded Facebook from a hold rating to a buy rating and set a $136.45 price target on the stock in a report on Monday, September 12th. Societe Generale set a $80.00 price target on Facebook and gave the stock a sell rating in a report on Thursday, July 7th. Robert W. Baird upgraded Facebook to a buy rating in a report on Monday, July 18th. Citigroup Inc. upped their price target on Facebook from $148.00 to $158.00 and gave the stock a buy rating in a report on Monday, September 19th. Finally, Macquarie reiterated an outperform rating and issued a $155.00 price objective on shares of Facebook in a report on Monday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $150.30.
Facebook (NASDAQ:FB) traded up 0.76% during trading on Monday, reaching $128.51. The company’s stock had a trading volume of 1,562,435 shares. Facebook has a 1-year low of $89.37 and a 1-year high of $131.98. The stock has a 50 day moving average price of $128.34 and a 200 day moving average price of $120.39. The stock has a market capitalization of $369.04 billion, a PE ratio of 61.43 and a beta of 0.77.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.15. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Facebook’s revenue was up 59.2% on a year-over-year basis. Analysts anticipate that Facebook will post $3.94 earnings per share for the current fiscal year.
In other Facebook news, Director Jan Koum sold 1,566,668 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $129.70, for a total value of $203,196,839.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 400 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $125.00, for a total transaction of $50,000.00. Following the completion of the transaction, the vice president now directly owns 88,940 shares in the company, valued at $11,117,500. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.
Several institutional investors have recently made changes to their positions in FB. Stelac Advisory Services LLC bought a new stake in Facebook during the first quarter valued at approximately $106,000. Bartlett & Co. LLC boosted its stake in Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares in the last quarter. Kings Point Capital Management boosted its stake in Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares in the last quarter. Balentine LLC boosted its stake in Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares in the last quarter. 56.63% of the stock is currently owned by institutional investors.
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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