Pivotal Research Reiterates Sell Rating for Facebook (FB)
Pivotal Research restated their sell rating on shares of Facebook (NASDAQ:FB) in a research report released on Monday. They currently have a $147.00 price target on the social networking company’s stock.
FB has been the topic of several other reports. Cowen reaffirmed an average rating and issued a $200.00 price target (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Credit Suisse Group reaffirmed a buy rating on shares of Facebook in a report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 price target on shares of Facebook and gave the stock a buy rating in a report on Friday, October 6th. Needham & Company LLC reaffirmed a buy rating and issued a $185.00 price target on shares of Facebook in a report on Thursday, October 5th. Finally, KeyCorp reaffirmed a buy rating and issued a $200.00 price target on shares of Facebook in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, forty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $202.56.
Shares of Facebook (NASDAQ FB) traded down $0.41 during trading hours on Monday, reaching $187.87. 12,349,569 shares of the company were exchanged, compared to its average volume of 16,097,021. The company has a market capitalization of $545,910.00, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Facebook has a 52 week low of $123.04 and a 52 week high of $188.90.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. equities research analysts forecast that Facebook will post 5.86 EPS for the current year.
In other Facebook news, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total value of $3,050,119.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total transaction of $132,172.50. Following the completion of the transaction, the vice president now owns 82,096 shares of the company’s stock, valued at approximately $14,467,778.08. The disclosure for this sale can be found here. Insiders have sold 4,513,904 shares of company stock valued at $809,333,502 over the last 90 days. 17.23% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Palisade Capital Management LLC NJ raised its position in shares of Facebook by 2.4% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after purchasing an additional 602 shares during the last quarter. ING Groep NV grew its stake in Facebook by 6.9% during the 2nd quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after acquiring an additional 37,822 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Facebook during the 1st quarter valued at about $94,601,000. Schwab Charles Investment Management Inc. grew its stake in Facebook by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after acquiring an additional 349,182 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Facebook by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after acquiring an additional 907 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.
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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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