Facebook (FB) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Facebook (NASDAQ:FB) in a research report report published on Thursday morning. Stifel Nicolaus currently has a $155.00 target price on the social networking company’s stock.

A number of other equities research analysts also recently issued reports on FB. ValuEngine downgraded shares of Facebook from a hold rating to a sell rating in a report on Friday, November 16th. BidaskClub downgraded shares of Facebook from a sell rating to a strong sell rating in a report on Wednesday, November 21st. MKM Partners lowered their price target on shares of Facebook from $230.00 to $190.00 and set a buy rating on the stock in a report on Monday, November 26th. DZ Bank reissued a neutral rating on shares of Facebook in a report on Monday, November 26th. Finally, Guggenheim started coverage on shares of Facebook in a report on Thursday, December 6th. They issued a neutral rating and a $150.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty have assigned a buy rating to the stock. Facebook presently has a consensus rating of Buy and a consensus price target of $191.58.

Shares of NASDAQ:FB opened at $165.98 on Thursday. The stock has a market cap of $482.17 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. Facebook has a twelve month low of $123.02 and a twelve month high of $218.62.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.20. The firm had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned $1.44 earnings per share. On average, sell-side analysts expect that Facebook will post 7.55 EPS for the current fiscal year.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $132.11, for a total transaction of $7,266,050.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 5,300 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $173.11, for a total transaction of $917,483.00. Following the transaction, the insider now owns 92,794 shares in the company, valued at $16,063,569.34. The disclosure for this sale can be found here. Insiders have sold 391,461 shares of company stock worth $60,325,530 over the last quarter. Company insiders own 16.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FB. Contravisory Investment Management Inc. boosted its holdings in Facebook by 153.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 121 shares in the last quarter. Whitnell & Co. bought a new stake in Facebook in the fourth quarter valued at $26,000. Jackson Grant Investment Advisers Inc. bought a new stake in Facebook in the fourth quarter valued at $31,000. Signet Investment Advisory Group Inc. bought a new stake in Facebook in the fourth quarter valued at $39,000. Finally, Princeton Global Asset Management LLC bought a new stake in Facebook in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 59.63% of the company’s stock.

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.

Recommended Story: How is the S&P 500 index different from the DJIA?

Analyst Recommendations for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.