Trading Report: Today, Facebook Inc. (FB) Earns Neutral Rating from BTIG Research

Today, Facebook Inc. (FB) Earns Neutral Rating from BTIG Research

Facebook Inc. (NASDAQ:FB)‘s stock had its “neutral” rating reissued by stock analysts at BTIG Research in a research note issued to investors on Tuesday.

Several other research firms have also weighed in on FB. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research note on Tuesday, June 21st. Bank of America Corp. reissued a “buy” rating and set a $153.07 price target (up from $123.94) on shares of Facebook in a research note on Monday, August 1st. Goldman Sachs Group Inc. lifted their price target on Facebook from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. William Blair reissued an “outperform” rating on shares of Facebook in a research note on Thursday, July 28th. Finally, Cowen and Company reissued a “buy” rating and set a $145.00 price target on shares of Facebook in a research note on Sunday, July 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $150.30.

Shares of Facebook (NASDAQ:FB) traded up 1.38% during midday trading on Tuesday, hitting $129.30. 7,608,174 shares of the stock traded hands. The company has a market capitalization of $371.31 billion, a P/E ratio of 61.81 and a beta of 0.77. The stock has a 50 day moving average of $128.34 and a 200 day moving average of $120.39. Facebook has a 1-year low of $89.37 and a 1-year high of $131.98.

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

In other news, CAO Jas Athwal sold 4,923 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $124.07, for a total transaction of $610,796.61. Following the transaction, the chief accounting officer now directly owns 125,394 shares of the company’s stock, valued at $15,557,633.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David B. Fischer sold 35,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $130.32, for a total value of $4,561,200.00. Following the transaction, the vice president now directly owns 204,686 shares in the company, valued at $26,674,679.52. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of FB. Analyst IMS Investment Management Services Ltd. increased its position in shares of Facebook by 10.1% in the first quarter. Analyst IMS Investment Management Services Ltd. now owns 8,285 shares of the social networking company’s stock worth $945,000 after buying an additional 760 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Facebook by 7.9% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 83,366 shares of the social networking company’s stock worth $9,512,000 after buying an additional 6,098 shares during the last quarter. AR Asset Management Inc. increased its position in shares of Facebook by 9.8% in the first quarter. AR Asset Management Inc. now owns 4,500 shares of the social networking company’s stock worth $513,000 after buying an additional 400 shares during the last quarter. Ngam Advisors L.P. increased its position in shares of Facebook by 10.8% in the first quarter. Ngam Advisors L.P. now owns 734,657 shares of the social networking company’s stock worth $83,825,000 after buying an additional 71,557 shares during the last quarter. Finally, Parker Investment Management LLC acquired a new position in shares of Facebook during the first quarter worth about $975,000. 56.63% of the stock is currently owned by institutional investors and hedge funds.

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