Headlines about Facebook (NASDAQ:FB) have trended negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Facebook earned a news impact score of -2.00 on their scale. InfoTrie also gave media coverage about the social networking company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Facebook’s ranking:
- New Survey: Libra Is Not Welcome in Germany (insidebitcoins.com)
- In House Antitrust Hearing, Lawmakers Focus on Harms to Privacy (nytimes.com)
- China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother (nytimes.com)
- Libra Has Lost A Quarter Of It’s Partners: And That Might Not Matter At All (blockonomi.com)
- Facebook’s Libra cryptocurrency should be prevented: German finance minister (feeds.reuters.com)
FB stock traded down $4.47 during mid-day trading on Friday, hitting $185.92. 11,454,412 shares of the company were exchanged, compared to its average volume of 13,429,947. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $530.42 billion, a P/E ratio of 24.56, a PEG ratio of 1.10 and a beta of 1.02. The business has a fifty day simple moving average of $184.16 and a 200-day simple moving average of $185.80. Facebook has a 12-month low of $123.02 and a 12-month high of $208.66.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. Facebook’s revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. Research analysts predict that Facebook will post 7.99 EPS for the current year.
FB has been the subject of several analyst reports. KeyCorp boosted their target price on shares of Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. ValuEngine cut shares of Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Deutsche Bank set a $230.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Wednesday, October 9th. MKM Partners restated a “buy” rating and set a $245.00 price objective (up from $190.00) on shares of Facebook in a research report on Friday, August 2nd. Finally, Pivotal Research restated a “buy” rating and set a $225.00 price objective (up from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $223.11.
In related news, CFO David M. Wehner sold 11,036 shares of Facebook stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $183.44, for a total value of $2,024,443.84. Following the completion of the transaction, the chief financial officer now owns 19,477 shares in the company, valued at $3,572,860.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David B. Fischer sold 12,267 shares of Facebook stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $184.12, for a total transaction of $2,258,600.04. Following the completion of the transaction, the executive now owns 48,970 shares of the company’s stock, valued at approximately $9,016,356.40. The disclosure for this sale can be found here. Insiders have sold 4,028,338 shares of company stock worth $742,544,275 in the last three months. Corporate insiders own 14.53% of the company’s stock.
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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