Trade Report: The Facebook Inc. (FB) Upgraded to “Strong-Buy” at Vetr Inc.

The Facebook Inc. (FB) Upgraded to “Strong-Buy” at Vetr Inc.

Facebook Inc. (NASDAQ:FB) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm presently has a $143.55 price objective on the social networking company’s stock. Vetr‘s price target indicates a potential upside of 19.25% from the company’s current price.

FB has been the subject of several other reports. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $185.00 price objective on shares of Facebook in a report on Wednesday, October 5th. Nomura reiterated a “buy” rating and issued a $155.00 price objective on shares of Facebook in a report on Tuesday, October 18th. Mizuho reiterated a “buy” rating and issued a $150.00 price objective on shares of Facebook in a report on Tuesday, October 4th. Morgan Stanley reiterated an “overweight” rating and issued a $160.00 price objective on shares of Facebook in a report on Wednesday, October 12th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $150.00 price objective on shares of Facebook in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $150.70.

Facebook (NASDAQ:FB) traded down 0.38% during midday trading on Wednesday, reaching $120.38. 8,658,605 shares of the company’s stock traded hands. Facebook has a one year low of $89.37 and a one year high of $133.50. The stock’s 50 day moving average price is $125.27 and its 200-day moving average price is $122.55. The stock has a market cap of $346.96 billion, a PE ratio of 46.41 and a beta of 0.76.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, beating 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 firm 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 company’s revenue was up 55.8% on a year-over-year basis. Equities analysts predict that Facebook will post $4.09 earnings per share for the current year.

In related news, insider Christopher K. Cox sold 15,600 shares of Facebook stock in a transaction on Monday, August 29th. The stock was sold at an average price of $125.56, for a total value of $1,958,736.00. Following the completion of the transaction, the insider now directly owns 406,825 shares in the company, valued at $51,080,947. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David M. Wehner sold 10,530 shares of Facebook stock in a transaction on Monday, November 21st. The shares were sold at an average price of $119.05, for a total value of $1,253,596.50. Following the completion of the transaction, the chief financial officer now owns 84,718 shares of the company’s stock, valued at $10,085,677.90. The disclosure for this sale can be found here. Company insiders own 19.08% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vaughan David Investments Inc. IL raised its position in 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 raised its position in 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 raised its position in 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 raised its position in 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 raised its position in 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.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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