Trading Report: The Facebook Inc. (FB) Rating Reiterated by Deutsche Bank AG

The Facebook Inc. (FB) Rating Reiterated by Deutsche Bank AG

Facebook Inc. (NASDAQ:FB)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a note issued to investors on Wednesday. They presently have a $170.00 price objective on the social networking company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 33.00% from the company’s previous close.

A number of other research analysts have also weighed in on FB. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $165.00 price target on shares of Facebook in a research note on Tuesday, June 21st. SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $135.00 price target on shares of Facebook in a research note on Tuesday, June 21st. Robert W. Baird reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Facebook in a research note on Wednesday, June 22nd. MKM Partners reaffirmed a “buy” rating and issued a $150.00 price target on shares of Facebook in a research note on Wednesday, June 22nd. Finally, Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $123.05 price target on the stock in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $149.99.

Facebook (NASDAQ:FB) opened at 127.82 on Wednesday. The firm’s 50 day moving average price is $128.15 and its 200 day moving average price is $120.12. Facebook has a 12 month low of $89.37 and a 12 month high of $131.98. The stock has a market cap of $367.06 billion, a price-to-earnings ratio of 61.10 and a beta of 0.77.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 59.2% on a year-over-year basis. On average, equities research analysts predict that Facebook will post $3.94 EPS for the current fiscal year.

In other news, insider Christopher K. Cox sold 71,945 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $124.12, for a total value of $8,929,813.40. Following the completion of the transaction, the insider now owns 395,863 shares of the company’s stock, valued at $49,134,515.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $121.08, for a total transaction of $1,888,848.00. Following the completion of the transaction, the insider now directly owns 388,392 shares of the company’s stock, valued at approximately $47,026,503.36. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Stelac Advisory Services LLC purchased a new position in Facebook during the first quarter worth $106,000. Bartlett & Co. LLC raised its position in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares during the period. Kings Point Capital Management raised its position in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares during the period. Balentine LLC raised its position in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position 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 valued at $140,000 after buying an additional 18 shares during the period. 56.61% of the stock is owned by institutional investors and hedge funds.

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