Q4 2018 EPS Estimates for Facebook, Inc. (FB) Lifted by William Blair
Facebook, Inc. (NASDAQ:FB) – William Blair raised their Q4 2018 earnings estimates for Facebook in a research note issued on Wednesday, April 25th. William Blair analyst R. Schackart now anticipates that the social networking company will post earnings per share of $2.61 for the quarter, up from their prior forecast of $2.47. William Blair also issued estimates for Facebook’s Q2 2019 earnings at $2.11 EPS, Q3 2019 earnings at $2.13 EPS and Q4 2019 earnings at $3.12 EPS.
A number of other brokerages have also recently commented on FB. Macquarie reaffirmed a “buy” rating and issued a $200.00 price target on shares of Facebook in a research note on Tuesday, March 20th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price target on the stock in a research note on Thursday, January 25th. Zacks Investment Research cut Facebook from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. JPMorgan Chase reaffirmed a “buy” rating and issued a $242.00 price target on shares of Facebook in a research note on Tuesday, April 10th. Finally, Wedbush set a $260.00 price target on Facebook and gave the stock a “buy” rating in a research note on Monday, April 16th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus price target of $212.71.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 27.74% and a net margin of 40.03%.
In related news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 220,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.62, for a total value of $38,636,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,351,229 shares of company stock worth $1,448,257,907. Corporate insiders own 17.23% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of FB. Janus Henderson Group PLC increased its position in Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares in the last quarter. Truepoint Inc. grew its position in shares of Facebook by 16,822.1% during the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after purchasing an additional 6,100,871 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its position in shares of Facebook by 3.6% during the fourth quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock worth $25,793,297,000 after purchasing an additional 5,107,163 shares in the last quarter. Finally, Harding Loevner LP grew its position in shares of Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after purchasing an additional 2,966,978 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.
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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