Facebook, Inc. (NASDAQ:FB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Facebook, Inc. (NASDAQ:FB) have received an average recommendation of “Buy” from the fifty-one ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $246.79.

A number of analysts have issued reports on FB shares. Robert W. Baird lifted their price target on shares of Facebook from $240.00 to $300.00 in a report on Thursday. Nomura boosted their price target on shares of Facebook from $253.00 to $260.00 in a report on Thursday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $230.00 price target (up previously from $185.00) on shares of Facebook in a report on Thursday, April 30th. Rosenblatt Securities boosted their price target on shares of Facebook from $223.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Barclays reduced their price target on shares of Facebook from $260.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th.

In other Facebook news, CRO David B. Fischer sold 22,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the completion of the transaction, the executive now directly owns 57,503 shares in the company, valued at $11,804,790.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Newstead sold 970 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $207.75, for a total transaction of $201,517.50. Following the transaction, the vice president now owns 600 shares of the company’s stock, valued at $124,650. The disclosure for this sale can be found here. Insiders have sold 69,076 shares of company stock valued at $14,953,216 over the last 90 days. 14.14% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Network raised its stake in shares of Facebook by 1.4% during the 1st quarter. Retirement Network now owns 3,519 shares of the social networking company’s stock worth $587,000 after purchasing an additional 48 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Facebook by 3.4% during the 1st quarter. Sun Life Financial INC now owns 1,465 shares of the social networking company’s stock worth $244,000 after purchasing an additional 48 shares in the last quarter. Navellier & Associates Inc raised its stake in shares of Facebook by 2.5% during the 4th quarter. Navellier & Associates Inc now owns 2,050 shares of the social networking company’s stock worth $421,000 after purchasing an additional 50 shares in the last quarter. InterOcean Capital LLC raised its stake in shares of Facebook by 0.8% during the 4th quarter. InterOcean Capital LLC now owns 6,688 shares of the social networking company’s stock worth $1,373,000 after purchasing an additional 50 shares in the last quarter. Finally, Investors Research Corp raised its stake in shares of Facebook by 6.9% during the 1st quarter. Investors Research Corp now owns 770 shares of the social networking company’s stock worth $128,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 65.14% of the company’s stock.

FB stock traded down $19.60 on Friday, hitting $216.08. The company had a trading volume of 75,500,103 shares, compared to its average volume of 20,127,390. Facebook has a 12-month low of $137.10 and a 12-month high of $245.19. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is $226.94 and its 200 day simple moving average is $202.27. The stock has a market cap of $671.48 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 1.71 and a beta of 1.17.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.07). The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 EPS. Research analysts forecast that Facebook will post 7.27 earnings per share for the current year.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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