Facebook, Inc. Common Stock (FB) Given “Buy” Rating at Oppenheimer

Oppenheimer reiterated their buy rating on shares of Facebook, Inc. Common Stock (NASDAQ:FB) in a research report released on Thursday, July 26th. They currently have a $200.00 price target on the social networking company’s stock. Oppenheimer also issued estimates for Facebook, Inc. Common Stock’s Q2 2018 earnings at $1.77 EPS, Q3 2018 earnings at $1.90 EPS, Q4 2018 earnings at $2.46 EPS, Q4 2018 earnings at $2.32 EPS, FY2018 earnings at $7.82 EPS, FY2018 earnings at $7.32 EPS and FY2019 earnings at $10.04 EPS.

Other analysts have also issued research reports about the company. BidaskClub lowered Facebook, Inc. Common Stock from a buy rating to a hold rating in a research note on Tuesday, July 3rd. Nomura began coverage on Facebook, Inc. Common Stock in a research note on Tuesday, July 10th. They set a buy rating and a $228.00 target price on the stock. Piper Jaffray Companies lifted their target price on Facebook, Inc. Common Stock to $250.00 and gave the company an in-line rating in a research note on Friday, July 20th. UBS Group downgraded Facebook, Inc. Common Stock from a buy rating to a neutral rating and cut their target price for the company from $212.00 to $180.00 in a research note on Thursday, July 26th. Finally, Raymond James downgraded Facebook, Inc. Common Stock from a strong-buy rating to an outperform rating and set a $210.00 target price on the stock. in a research note on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. Facebook, Inc. Common Stock has a consensus rating of Buy and a consensus target price of $209.46.

Shares of Facebook, Inc. Common Stock traded down $2.83, hitting $180.26, during trading hours on Thursday, MarketBeat reports. 21,443,792 shares of the company were exchanged, compared to its average volume of 37,121,140. Facebook, Inc. Common Stock has a 1 year low of $149.02 and a 1 year high of $218.62. The stock has a market capitalization of $531.88 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.17 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). The business had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The company’s revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. sell-side analysts expect that Facebook, Inc. Common Stock will post 7.08 EPS for the current fiscal year.

In other Facebook, Inc. Common Stock news, VP David B. Fischer sold 18,096 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $185.88, for a total value of $3,363,684.48. Following the completion of the transaction, the vice president now owns 95,365 shares of the company’s stock, valued at approximately $17,726,446.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $186.00, for a total value of $139,500.00. Following the completion of the transaction, the vice president now directly owns 93,865 shares of the company’s stock, valued at approximately $17,458,890. The disclosure for this sale can be found here. Insiders have sold a total of 14,992,698 shares of company stock valued at $2,896,878,329 in the last three months. 17.23% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Facebook, Inc. Common Stock by 1.8% in the 2nd quarter. BlackRock Inc. now owns 151,855,997 shares of the social networking company’s stock valued at $29,508,656,000 after buying an additional 2,718,771 shares during the last quarter. FMR LLC boosted its position in Facebook, Inc. Common Stock by 2.1% in the 2nd quarter. FMR LLC now owns 122,122,806 shares of the social networking company’s stock valued at $23,730,904,000 after buying an additional 2,488,007 shares during the last quarter. Geode Capital Management LLC boosted its position in Facebook, Inc. Common Stock by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after buying an additional 1,010,306 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Facebook, Inc. Common Stock by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 22,102,171 shares of the social networking company’s stock valued at $4,294,895,000 after buying an additional 184,595 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Facebook, Inc. Common Stock by 9.9% in the 2nd quarter. Jennison Associates LLC now owns 15,147,053 shares of the social networking company’s stock valued at $2,943,375,000 after buying an additional 1,360,607 shares during the last quarter. Institutional investors own 59.46% of the company’s stock.

About Facebook, Inc. Common Stock

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Analyst Recommendations for Facebook, Inc. Common Stock (NASDAQ:FB)

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