Today, Facebook Inc. (FB) Given Average Rating of “Buy” by Analysts

Today, Facebook Inc. (FB) Given Average Rating of “Buy” by Analysts

Facebook Inc. (NASDAQ:FB) has been assigned a consensus rating of “Buy” from the fifty-four ratings firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, forty-five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $151.50.

FB has been the topic of several research reports. Piper Jaffray Cos. restated an “overweight” rating and set a $185.00 price target on shares of Facebook in a research note on Wednesday, October 5th. Nomura restated a “buy” rating and set a $155.00 price target on shares of Facebook in a research note on Tuesday, October 18th. Mizuho restated a “buy” rating and set a $150.00 price target on shares of Facebook in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. restated a “buy” rating and set a $162.00 price target on shares of Facebook in a research note on Thursday, November 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $160.00 target price on shares of Facebook in a research note on Wednesday, October 12th.

In other Facebook news, Director Jan Koum sold 356,547 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $119.95, for a total value of $42,767,812.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 755,239 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $125.79, for a total value of $95,001,513.81. The disclosure for this sale can be found here. 19.08% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Vaughan David Investments Inc. IL increased its stake in shares of Facebook by 0.6% in the second quarter. Vaughan David Investments Inc. IL now owns 2,589 shares of the social networking company’s stock worth $296,000 after buying an additional 15 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock worth $140,000 after buying an additional 18 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Facebook by 1.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,120 shares of the social networking company’s stock worth $272,000 after buying an additional 20 shares during the period. Enterprise Financial Services Corp increased its stake in shares of Facebook by 1.2% in the third quarter. Enterprise Financial Services Corp now owns 1,780 shares of the social networking company’s stock worth $228,000 after buying an additional 21 shares during the period. Finally, Roberts Glore & Co. Inc. IL increased its stake in shares of Facebook by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,044 shares of the social networking company’s stock worth $234,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Shares of Facebook (NASDAQ:FB) traded down 0.38% on Friday, reaching $120.38. 8,638,586 shares of the company’s stock were exchanged. Facebook has a one year low of $89.37 and a one year high of $133.50. The company’s 50 day moving average is $125.59 and its 200-day moving average is $122.54. The stock has a market cap of $346.96 billion, a price-to-earnings ratio of 46.41 and a beta of 0.76.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The business earned $7 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 55.8% compared to the same quarter last year. On average, analysts anticipate that Facebook will post $4.09 EPS for the current year.

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