Facebook (FB) PT Lowered to $206.00 at Argus

Facebook (NASDAQ:FB) had its target price cut by Argus from $210.00 to $206.00 in a research report released on Thursday, November 1st. They currently have a buy rating on the social networking company’s stock.

Several other analysts have also recently issued reports on FB. BTIG Research upped their target price on shares of Facebook from $175.00 to $275.00 and gave the company a buy rating in a research report on Thursday, July 5th. Societe Generale restated a sell rating and set a $150.00 target price on shares of Facebook in a research report on Friday, July 6th. ValuEngine upgraded shares of Facebook from a hold rating to a buy rating in a research report on Friday, July 6th. JPMorgan Chase & Co. restated a buy rating and set a $242.00 target price on shares of Facebook in a research report on Monday, July 9th. Finally, Morgan Stanley upped their target price on shares of Facebook from $210.00 to $215.00 and gave the company a buy rating in a research report on Tuesday, July 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $194.54.

Shares of FB traded down $2.91 during trading hours on Thursday, reaching $144.96. 17,305,303 shares of the stock traded hands, compared to its average volume of 25,838,898. Facebook has a 52-week low of $139.03 and a 52-week high of $218.62. The stock has a market cap of $440.19 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.55.

Facebook (NASDAQ:FB) last released its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The company had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 27.89%. Facebook’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS. On average, equities research analysts anticipate that Facebook will post 7.35 EPS for the current year.

In related news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $151.57, for a total transaction of $113,677.50. Following the completion of the sale, the vice president now owns 90,144 shares of the company’s stock, valued at $13,663,126.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 210,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $181.02, for a total transaction of $38,014,200.00. The disclosure for this sale can be found here. Insiders have sold 2,571,582 shares of company stock valued at $448,690,663 in the last three months. 17.23% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FB. Marble Arch Investments LP increased its stake in shares of Facebook by 40.8% in the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock worth $72,209,000 after acquiring an additional 130,900 shares during the period. Knott David M acquired a new stake in shares of Facebook in the first quarter worth $3,196,000. Immersion Capital LLP acquired a new stake in shares of Facebook in the first quarter worth $65,194,000. Natixis increased its stake in shares of Facebook by 420.1% in the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock worth $126,232,000 after acquiring an additional 638,106 shares during the period. Finally, City Financial Investment Co Ltd acquired a new stake in shares of Facebook in the first quarter worth $15,979,000. 60.25% of the stock is owned by institutional investors and hedge funds.

About Facebook

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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