Facebook, Inc. (FB) Receives $190.81 Consensus Target Price from Brokerages

Facebook, Inc. (NASDAQ:FB) has been given a consensus rating of “Buy” by the fifty-one analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirty-nine have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $191.97.

Several equities analysts recently issued reports on FB shares. BidaskClub upgraded shares of Facebook from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Raymond James boosted their target price on shares of Facebook from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Tuesday. SunTrust Banks boosted their target price on shares of Facebook to $210.00 and gave the company a “buy” rating in a report on Thursday, January 31st. They noted that the move was a valuation call. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price objective (up previously from $180.00) on shares of Facebook in a report on Thursday, January 31st.

In other Facebook news, insider Christopher K. Cox sold 5,300 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $167.91, for a total value of $889,923.00. Following the completion of the sale, the insider now directly owns 83,441 shares of the company’s stock, valued at approximately $14,010,578.31. The sale was disclosed in a legal 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 Wednesday, February 6th. The stock was sold at an average price of $171.21, for a total transaction of $128,407.50. Following the completion of the sale, the vice president now directly owns 93,930 shares of the company’s stock, valued at $16,081,755.30. The disclosure for this sale can be found here. Insiders sold a total of 398,261 shares of company stock valued at $63,235,116 over the last ninety days. 16.25% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Mission Wealth Management LP lifted its stake in Facebook by 3.8% in the 3rd quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock worth $1,715,000 after purchasing an additional 386 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Facebook by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock worth $17,525,000 after purchasing an additional 13,124 shares in the last quarter. Rovida Advisors Inc. purchased a new stake in Facebook in the 3rd quarter worth approximately $18,714,000. First American Bank purchased a new stake in Facebook in the 3rd quarter worth approximately $6,317,000. Finally, CENTRAL TRUST Co lifted its stake in Facebook by 7.1% in the 3rd quarter. CENTRAL TRUST Co now owns 39,175 shares of the social networking company’s stock worth $6,443,000 after purchasing an additional 2,581 shares in the last quarter. 60.17% of the stock is owned by institutional investors and hedge funds.

FB stock traded up $2.48 during midday trading on Thursday, hitting $176.02. The stock had a trading volume of 17,610,824 shares, compared to its average volume of 19,964,271. The firm has a market cap of $506.05 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.27 and a beta of 0.88. Facebook has a 1-year low of $123.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.20. The business had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. Facebook’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Equities analysts anticipate that Facebook will post 7.53 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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