Facebook, Inc. (NASDAQ:FB) Given Average Recommendation of “Buy” by Brokerages

Facebook, Inc. (NASDAQ:FB) has received a consensus recommendation of “Buy” from the forty-eight ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and forty-one have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $224.84.

Several equities analysts have recently commented on FB shares. Deutsche Bank increased their target price on Facebook from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets reduced their target price on Facebook to $195.00 and set a “market perform” rating for the company in a research note on Tuesday, July 23rd. Bank of America set a $224.00 target price on Facebook and gave the company a “buy” rating in a research note on Friday, July 19th. Mizuho increased their target price on Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, SunTrust Banks reiterated a “buy” rating and set a $215.00 target price on shares of Facebook in a research note on Tuesday, July 23rd.

In other news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $189.76, for a total value of $10,436,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,134 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total value of $210,300.30. Following the completion of the transaction, the chief accounting officer now directly owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The disclosure for this sale can be found here. Insiders sold 2,620,872 shares of company stock worth $486,967,799 over the last ninety days. 14.53% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in FB. Cantor Fitzgerald Investment Adviser L.P. bought a new position in Facebook during the second quarter valued at about $205,000. Executive Wealth Management LLC bought a new position in Facebook during the fourth quarter valued at about $5,196,000. Fiduciary Financial Services of The Southwest Inc. TX boosted its stake in Facebook by 1.7% during the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock valued at $2,362,000 after buying an additional 206 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in Facebook by 10.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 18,085 shares of the social networking company’s stock valued at $2,935,000 after buying an additional 1,641 shares in the last quarter. Finally, Eastern Bank boosted its stake in Facebook by 16.4% during the second quarter. Eastern Bank now owns 99,117 shares of the social networking company’s stock valued at $19,130,000 after buying an additional 13,934 shares in the last quarter. 63.17% of the stock is owned by institutional investors.

Shares of Facebook stock traded up $1.50 on Thursday, hitting $189.64. 4,453,839 shares of the company’s stock traded hands, compared to its average volume of 11,181,642. The stock has a market cap of $531.28 billion, a P/E ratio of 25.05, a PEG ratio of 1.08 and a beta of 1.01. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average is $185.93 and its 200 day moving average is $183.54. Facebook has a 52-week low of $123.02 and a 52-week high of $208.66.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. Equities research analysts forecast that Facebook will post 8.03 EPS for the current year.

Facebook Company Profile

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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