Facebook (NASDAQ:FB) PT Raised to $225.00 at BMO Capital Markets
Facebook (NASDAQ:FB) had its price objective boosted by equities researchers at BMO Capital Markets from $220.00 to $225.00 in a research report issued on Friday, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the social networking company’s stock. BMO Capital Markets’ price target suggests a potential downside of 11.30% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a $290.00 price objective (up previously from $275.00) on shares of Facebook in a research note on Friday. Wedbush reiterated an “outperform” rating and set a $300.00 price target (up previously from $250.00) on shares of Facebook in a research note on Monday, July 27th. Nomura boosted their price objective on Facebook from $253.00 to $260.00 in a research note on Thursday, April 30th. Credit Suisse Group upped their price objective on shares of Facebook from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday. Finally, Loop Capital lifted their target price on shares of Facebook from $215.00 to $265.00 in a research note on Friday, May 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $273.37.
FB stock opened at $253.67 on Friday. The stock has a market cap of $722.73 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $235.27 and its two-hundred day simple moving average is $207.59. Facebook has a 1-year low of $137.10 and a 1-year high of $255.85.
In other news, VP Jennifer Newstead sold 194 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $246.22, for a total transaction of $47,766.68. Following the completion of the sale, the vice president now owns 2,112 shares of the company’s stock, valued at $520,016.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO David B. Fischer sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the completion of the transaction, the executive now owns 57,503 shares in the company, valued at approximately $11,804,790.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,591 shares of company stock worth $14,894,825. 14.14% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Watson Rebecca bought a new position in shares of Facebook during the second quarter valued at about $25,000. JJJ Advisors Inc. increased its holdings in Facebook by 262.5% during the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 105 shares during the period. HHM Wealth Advisors LLC bought a new position in Facebook during the 1st quarter valued at approximately $41,000. Elmwood Wealth Management Inc. purchased a new stake in Facebook in the 1st quarter worth approximately $46,000. Finally, NuWave Investment Management LLC grew its position in shares of Facebook by 1,019.2% in the 1st quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock worth $49,000 after buying an additional 265 shares during the last quarter. 65.12% of the stock is currently owned by institutional investors and hedge funds.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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