Somewhat Positive Media Coverage Somewhat Unlikely to Impact Facebook (FB) Share Price
Media headlines about Facebook (NASDAQ:FB) have trended somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Facebook earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the social networking company an impact score of 44.5862953177266 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Facebook Inc Stock Is the Best Investment in Struggling Tech Sector – Investorplace.com (investorplace.com)
- Facebook (FB) Unveils Messenger Kids With Parental Control (investorplace.com)
- Community Bank of the Chesapeake Sponsors 12 Organizations in 12 Days of Giving; “Like” Our Post to Give More (markets.financialcontent.com)
- Facebook allowed political ads that were actually scams and malware (cnbc.com)
Several research analysts have recently issued reports on FB shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Barclays increased their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and set a $185.00 target price on shares of Facebook in a research report on Friday, September 1st. Finally, Needham & Company LLC increased their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and an average target price of $199.18.
Shares of Facebook (NASDAQ FB) traded down $3.63 on Tuesday, hitting $171.47. The company had a trading volume of 24,453,900 shares, compared to its average volume of 16,918,186. Facebook has a 12 month low of $114.77 and a 12 month high of $184.25. The company has a market cap of $502,700.00, a PE ratio of 33.74, a P/E/G ratio of 1.11 and a beta of 0.69.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the business earned $1.09 EPS. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. sell-side analysts anticipate that Facebook will post 5.86 EPS for the current year.
In other Facebook news, Director Peter Thiel sold 160,805 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the transaction, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total value of $123,157.50. Following the transaction, the vice president now owns 92,591 shares in the company, valued at $15,204,368.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,195,022 shares of company stock worth $924,578,276. 17.23% of the stock is owned by company insiders.
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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