Facebook, Inc. (NASDAQ:FB) – Stock analysts at Wedbush decreased their Q2 2018 earnings estimates for Facebook in a research report issued to clients and investors on Thursday, April 26th. Wedbush analyst M. Pachter now anticipates that the social networking company will post earnings per share of $1.73 for the quarter, down from their previous estimate of $1.74. Wedbush currently has a “Outperform” rating and a $275.00 target price on the stock. Wedbush also issued estimates for Facebook’s Q3 2018 earnings at $2.01 EPS, Q4 2018 earnings at $2.56 EPS, FY2018 earnings at $8.00 EPS, Q2 2019 earnings at $2.21 EPS, Q3 2019 earnings at $2.55 EPS, Q4 2019 earnings at $3.14 EPS and FY2019 earnings at $10.00 EPS.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a net margin of 40.03% and a return on equity of 28.42%. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion.

FB has been the subject of a number of other reports. Morgan Stanley set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Friday, January 12th. Wells Fargo reissued an “outperform” rating and issued a $230.00 target price (up from $215.00) on shares of Facebook in a report on Monday, January 8th. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Pivotal Research reaffirmed a “sell” rating and set a $147.00 price objective on shares of Facebook in a research note on Monday, January 8th. Finally, SunTrust Banks lifted their price objective on shares of Facebook to $240.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus price target of $212.71.

FB stock opened at $173.59 on Friday. Facebook has a fifty-two week low of $144.42 and a fifty-two week high of $195.32. The firm has a market capitalization of $463,899.47, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 0.88 and a beta of 0.79.

Institutional investors and hedge funds have recently bought and sold shares of the company. Country Trust Bank boosted its position in Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after buying an additional 479 shares during the last quarter. Armbruster Capital Management Inc. boosted its position in Facebook by 358.4% in the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after buying an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management purchased a new stake in Facebook in the fourth quarter valued at approximately $103,000. Price Wealth Management Inc. purchased a new stake in Facebook in the fourth quarter valued at approximately $105,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook in the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

In other news, VP David B. Fischer sold 17,830 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $184.35, for a total transaction of $3,286,960.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 140,200 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $153.55, for a total transaction of $21,527,710.00. The disclosure for this sale can be found here. Insiders sold 8,351,229 shares of company stock valued at $1,448,257,907 over the last quarter. 17.23% of the stock is currently owned by corporate insiders.

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.

Earnings History and Estimates for Facebook (NASDAQ:FB)

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