Analysts Set Facebook, Inc. (NASDAQ:FB) PT at $244.51

Shares of Facebook, Inc. (NASDAQ:FB) have been given an average recommendation of “Buy” by the fifty-one research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, thirty-eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $246.79.

Several equities research analysts recently weighed in on the company. Monness Crespi & Hardt cut their price objective on Facebook from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Tigress Financial reissued a “buy” rating on shares of Facebook in a report on Monday, March 30th. MKM Partners raised their price objective on Facebook from $200.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of Facebook in a report on Thursday, April 16th. Finally, Citigroup raised their price objective on Facebook from $245.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, May 27th.

In other news, VP Jennifer Newstead sold 970 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $207.75, for a total value of $201,517.50. Following the completion of the sale, the vice president now directly owns 600 shares in the company, valued at approximately $124,650. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David M. Wehner sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $209.90, for a total value of $1,679,200.00. Following the completion of the sale, the chief financial officer now owns 24,484 shares of the company’s stock, valued at $5,139,191.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,076 shares of company stock valued at $14,953,216. 14.14% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FB. State Street Corp boosted its stake in shares of Facebook by 1.2% in the 1st quarter. State Street Corp now owns 95,449,004 shares of the social networking company’s stock worth $15,920,894,000 after buying an additional 1,132,053 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Facebook by 0.6% in the 4th quarter. Capital Research Global Investors now owns 73,111,043 shares of the social networking company’s stock worth $15,006,041,000 after buying an additional 409,290 shares during the last quarter. Capital International Investors boosted its stake in shares of Facebook by 14.1% in the 1st quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock worth $8,604,068,000 after buying an additional 6,394,036 shares during the last quarter. Capital World Investors boosted its stake in shares of Facebook by 5.4% in the 4th quarter. Capital World Investors now owns 46,700,441 shares of the social networking company’s stock worth $9,585,263,000 after buying an additional 2,405,542 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Facebook by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 34,812,327 shares of the social networking company’s stock worth $5,794,733,000 after buying an additional 723,655 shares during the last quarter. Institutional investors and hedge funds own 65.14% of the company’s stock.

Shares of FB stock traded down $19.60 during trading hours on Friday, reaching $216.08. The company’s stock had a trading volume of 75,500,103 shares, compared to its average volume of 20,127,390. The firm’s 50 day simple moving average is $226.94 and its 200-day simple moving average is $202.27. The company has a market capitalization of $671.48 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.71 and a beta of 1.17. Facebook has a fifty-two week low of $137.10 and a fifty-two week high of $245.19. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. Sell-side analysts predict that Facebook will post 7.27 earnings per share 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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