Facebook, Inc. (NASDAQ:FB) Receives $233.15 Average PT from Brokerages

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Shares of Facebook, Inc. (NASDAQ:FB) have received an average rating of “Buy” from the forty-eight research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $233.15.

Several research firms recently issued reports on FB. UBS Group cut their target price on Facebook from $240.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. BMO Capital Markets cut their price target on Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Thursday, October 31st. MKM Partners reaffirmed a “buy” rating and set a $245.00 price target (up from $190.00) on shares of Facebook in a research report on Friday, August 2nd. Canaccord Genuity increased their price target on Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Citigroup increased their price target on Facebook from $212.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th.

Shares of NASDAQ FB traded down $1.23 during mid-day trading on Friday, hitting $189.61. The stock had a trading volume of 8,632,422 shares, compared to its average volume of 16,739,338. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The company has a 50 day moving average of $185.42 and a two-hundred day moving average of $187.38. Facebook has a twelve month low of $123.02 and a twelve month high of $208.66. The firm has a market cap of $554.39 billion, a PE ratio of 25.05, a PEG ratio of 1.10 and a beta of 1.05.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the prior year, the firm earned $1.76 EPS. The firm’s revenue was up 28.6% on a year-over-year basis. Equities research analysts predict that Facebook will post 8.57 EPS for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 139,900 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $195.40, for a total transaction of $27,336,460.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO David B. Fischer sold 5,562 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $196.60, for a total transaction of $1,093,489.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,555,764 shares of company stock worth $843,798,351 over the last 90 days. Insiders own 14.53% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Biegel & Waller LLC lifted its stake in Facebook by 2.2% in the 2nd quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock worth $451,000 after purchasing an additional 50 shares in the last quarter. Hyman Charles D raised its position in shares of Facebook by 0.9% during the 2nd quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock valued at $1,131,000 after buying an additional 50 shares during the period. MBM Wealth Consultants LLC raised its position in shares of Facebook by 2.5% during the 2nd quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock valued at $409,000 after buying an additional 51 shares during the period. Perkins Coie Trust Co raised its position in shares of Facebook by 3.5% during the 2nd quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after buying an additional 52 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Facebook by 1.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 5,624 shares of the social networking company’s stock valued at $1,002,000 after buying an additional 54 shares during the period. 63.17% of the stock is currently owned by hedge funds and other institutional investors.

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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