Facebook (FB) Receives New Coverage from Analysts at Evercore ISI
Evercore ISI started coverage on shares of Facebook (NASDAQ:FB) in a research report report published on Tuesday morning. The brokerage issued an outperform rating and a $225.00 target price on the social networking company’s stock.
FB has been the topic of a number of other reports. Vetr raised shares of Facebook from a hold rating to a buy rating and set a $180.74 price target on the stock in a research report on Monday, September 25th. Morgan Stanley reissued an overweight rating and set a $195.00 price target (up from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Pivotal Research reissued a sell rating and set a $140.00 price target on shares of Facebook in a research report on Wednesday, September 6th. Wells Fargo & Company set a $215.00 price target on shares of Facebook and gave the stock a buy rating in a research report on Friday, October 6th. Finally, Atlantic Securities set a $215.00 price target on shares of Facebook 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, two have issued a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $200.70.
Facebook (NASDAQ:FB) traded up $1.36 on Tuesday, reaching $172.83. 20,184,900 shares of the company’s stock were exchanged, compared to its average volume of 16,932,129. Facebook has a 12-month low of $114.77 and a 12-month high of $184.25. The firm has a market cap of $509,100.00, a price-to-earnings ratio of 33.04, a PEG ratio of 1.09 and a beta of 0.69.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. research analysts anticipate that Facebook will post 5.86 earnings per share for the current year.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $173.58, for a total value of $130,185.00. Following the transaction, the vice president now owns 94,091 shares in the company, valued at approximately $16,332,315.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David B. Fischer sold 4,699 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $171.53, for a total transaction of $806,019.47. The disclosure for this sale can be found here. Insiders have sold a total of 5,195,022 shares of company stock worth $924,578,276 over the last 90 days. 17.23% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. D. Scott Neal Inc. lifted its stake in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter valued at approximately $111,000. Farmers & Merchants Investments Inc. lifted its stake in Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares during the last quarter. Pacific Center for Financial Services lifted its stake in Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 88 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Facebook in the 2nd quarter valued at approximately $138,000. 57.86% of the stock is owned by hedge funds and other institutional investors.
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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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