Facebook, Inc. (NASDAQ:FB)'s stock had its "buy" rating reissued by stock analysts at Needham & Company LLC in a research note issued on Wednesday, July 19th, MarketBeat Ratings reports. Canaccord Genuity restated a "buy" rating and issued a $175.00 price target on shares of Facebook in a research note on Friday, June 16th. The company presently has an average rating of "Buy" and a consensus target price of $179.28.
Several other institutional investors also recently bought and sold shares of the company.
Shares of Facebook, Inc. Wedbush fixed a $185.00 target price on Facebook and issued the company a "buy" recommendation in a study on Thurs, May 4th. July 27 investment analysts at Raymond James held the stock rating at "Buy" but raised the price expectation to $189.00 from $80.00. Finally, Instinet reiterated a "buy" rating and set a $165.00 price objective on shares of Facebook in a research note on Saturday, April 22nd. That target suggests a 19% downside to the stock's Friday closing price of $172.45. 25,431,973 shares of the stock were exchanged. The firm has a 50-day moving average of $156.22 and a 200-day moving average of $144.53. The company has a market cap of $491.54 billion, a price-to-earnings ratio of 37.88 and a beta of 0.67.
Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49.
Facebook smashed earnings estimates for the second quarter, and as Pivotal prepared to hand down a FB stock downgrade, most other firms boosted their target prices for the shares. For the same quarter last year, firm reported $0.97 EPS. on consensus, Brokerage firms anticipate that Facebook to post $5.23 EPS for the full year. Desmond-Hellmann Susan also sold $83,438 worth of Facebook Inc (NASDAQ:FB) on Tuesday, February 21. The company's quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter past year, the company posted $0.97 earnings per share. The firm's revenue was up 44.8% compared to the same quarter previous year. Equities analysts forecast that Facebook will post $5.23 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: "Facebook, Inc". If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of worldwide trademark and copyright legislation.
On Tuesday, July 25th, Colin Stretch sold 750 shares of Facebook stock.
Facebook shares could rise 16 percent to $200 within a year, the newspaper Barron's said in its July 31 edition, as the social media company's profits ramp up and it expands its reach in video advertising. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $165.29, for a total transaction of $123,967.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,160,716 shares of company stock valued at $1,602,152,681.
Large investors have recently made changes to their positions in the stock. Finally, Howard Capital Management raised its position in Facebook by 2.8% in the first quarter. GSA Capital Partners LLP increased its stake in shares of Facebook by 3,206.5% in the fourth quarter. Baker Ellis Asset Management LLC now owns 3,701 shares of the social networking company's stock worth $559,000 after buying an additional 115 shares during the period. Nicholas Co. Inc. WI acquired a new position in shares of Facebook during the fourth quarter valued at approximately $41,656,000. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. Independent Advisor Alliance acquired a new stake in shares of Facebook during the fourth quarter worth $6,418,000. Arrowpoint Asset Management LLC now owns 15,400 shares of the social networking company's stock valued at $1,772,000 after buying an additional 808 shares in the last quarter. The Business's products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Company insiders own 19.08% of the company's stock. Federated Investors Pa holds 0.32% of its portfolio in Facebook Inc (NASDAQ:FB) for 924,173 shares. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.