Facebook (NASDAQ:FB) has been assigned a $230.00 target price by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the social networking company’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 21.96% from the company’s previous close.
Several other equities analysts have also recently commented on the company. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC boosted their target price on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity boosted their target price on Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $201.99.
Shares of Facebook (NASDAQ:FB) traded up $1.73 during midday trading on Monday, hitting $188.58. The stock had a trading volume of 4,377,694 shares, compared to its average volume of 15,622,325. The stock has a market capitalization of $548,700.00, a PE ratio of 35.05, a PEG ratio of 1.06 and a beta of 0.68. Facebook has a one year low of $120.03 and a one year high of $186.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. equities analysts anticipate that Facebook will post 5.86 EPS for the current fiscal year.
In other news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $176.23, for a total value of $132,172.50. Following the completion of the sale, the vice president now directly owns 82,096 shares of the company’s stock, valued at approximately $14,467,778.08. The disclosure for this sale can be found here. In the last three months, insiders sold 4,552,712 shares of company stock valued at $815,990,564. 17.23% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FB. Jericho Capital Asset Management L.P. bought a new position in Facebook during the 1st quarter valued at approximately $94,601,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Facebook during the 1st quarter worth approximately $577,000. Driehaus Capital Management LLC grew its holdings in shares of Facebook by 12.4% during the 1st quarter. Driehaus Capital Management LLC now owns 2,477 shares of the social networking company’s stock worth $352,000 after acquiring an additional 273 shares during the period. Oak Associates Ltd. OH grew its holdings in shares of Facebook by 18.6% during the 1st quarter. Oak Associates Ltd. OH now owns 219,915 shares of the social networking company’s stock worth $31,239,000 after acquiring an additional 34,535 shares during the period. Finally, First City Capital Management Inc. purchased a new position in shares of Facebook during the 1st quarter worth approximately $238,000. 57.73% of the stock is owned by institutional investors and hedge funds.
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Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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