Deutsche Bank AG Boosts Facebook, Inc. (NASDAQ:FB) Price Target to $189.00
Facebook, Inc. (NASDAQ:FB) had its price objective upped by research analysts at Deutsche Bank AG from $185.00 to $189.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the social networking company’s stock. Deutsche Bank AG’s target price points to a potential upside of 14.94% from the stock’s current price.
A number of other research firms have also issued reports on FB. UBS AG restated a “buy” rating and issued a $165.00 target price on shares of Facebook in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Facebook in a research note on Wednesday, April 19th. Aegis upped their price target on shares of Facebook from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Instinet reaffirmed a “buy” rating on shares of Facebook in a research note on Saturday, March 25th. Finally, Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of Facebook in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have assigned a buy rating and four have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $167.06.
Shares of Facebook (FB) traded down 0.06% on Friday, hitting $164.43. The company’s stock had a trading volume of 14,744,002 shares. The firm has a market cap of $476.55 billion, a PE ratio of 41.81 and a beta of 0.67. The company has a 50 day moving average of $153.80 and a 200 day moving average of $142.68. Facebook has a 1-year low of $113.55 and a 1-year high of $165.70. Facebook also was the target of unusually large options trading on Wednesday. Stock investors purchased 124,719 put options on the company. This is an increase of 183% compared to the typical volume of 44,047 put options.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.83 billion. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 49.2% compared to the same quarter last year. Equities analysts forecast that Facebook will post $4.87 EPS for the current year.
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In other Facebook news, Director Jan Koum sold 3,600,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total transaction of $576,216,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $164.28, for a total value of $2,628,480.00. Following the sale, the insider now directly owns 196,871 shares of the company’s stock, valued at approximately $32,341,967.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,376,724 shares of company stock valued at $2,085,322,718. Insiders own 19.08% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Wagner Bowman Management Corp boosted its position in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares in the last quarter. Insight Capital Research & Management Inc. boosted its position in Facebook by 108.4% in the second quarter. Insight Capital Research & Management Inc. now owns 29,982 shares of the social networking company’s stock valued at $4,527,000 after buying an additional 15,598 shares during the period. Duncker Streett & Co. Inc. boosted its position in Facebook by 34.5% in the second quarter. Duncker Streett & Co. Inc. now owns 7,815 shares of the social networking company’s stock valued at $1,180,000 after buying an additional 2,005 shares during the period. Barometer Capital Management Inc. boosted its position in Facebook by 7.1% in the second quarter. Barometer Capital Management Inc. now owns 84,750 shares of the social networking company’s stock valued at $12,796,000 after buying an additional 5,650 shares during the period. Finally, Bridges Investment Counsel Inc. boosted its position in Facebook by 97.7% in the second quarter. Bridges Investment Counsel Inc. now owns 16,815 shares of the social networking company’s stock valued at $2,539,000 after buying an additional 8,310 shares during the period. 57.63% of the stock is owned by hedge funds and other institutional investors.
Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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