Facebook (NASDAQ:FB) Rating Increased to Hold at BidaskClub

Facebook (NASDAQ:FB) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday, BidAskClub reports.

FB has been the subject of several other research reports. Jefferies Financial Group upped their price target on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Pivotal Research restated a “buy” rating and issued a $225.00 price target (up previously from $220.00) on shares of Facebook in a research report on Thursday, July 25th. JMP Securities upped their price target on shares of Facebook from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Bank of America set a $224.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and a consensus price target of $221.62.

FB stock opened at $184.19 on Thursday. Facebook has a 12 month low of $123.02 and a 12 month high of $208.66. The firm has a market cap of $525.48 billion, a PE ratio of 24.33, a P/E/G ratio of 1.04 and a beta of 1.02. The firm has a 50 day simple moving average of $183.27 and a 200 day simple moving average of $185.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The business’s quarterly revenue was up 27.6% on a year-over-year basis. As a group, sell-side analysts expect that Facebook will post 7.99 earnings per share for the current year.

In related news, CRO David B. Fischer sold 5,501 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $196.84, for a total transaction of $1,082,816.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $200.81, for a total transaction of $11,044,550.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,604,556 shares of company stock worth $664,101,293. 14.53% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Biegel & Waller LLC boosted its holdings in Facebook by 2.2% in the 2nd quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock valued at $451,000 after purchasing an additional 50 shares during the period. Hyman Charles D boosted its holdings in Facebook by 0.9% in the 2nd quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock valued at $1,131,000 after purchasing an additional 50 shares during the period. MBM Wealth Consultants LLC boosted its holdings in Facebook by 2.5% in the 2nd quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock valued at $409,000 after purchasing an additional 51 shares during the period. Perkins Coie Trust Co boosted its holdings in Facebook by 3.5% in the 2nd quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after purchasing an additional 52 shares during the period. Finally, Regal Wealth Group Inc. boosted its holdings in Facebook by 4.1% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock valued at $274,000 after purchasing an additional 56 shares during the period. 63.18% of the stock is 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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Analyst Recommendations for Facebook (NASDAQ:FB)

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